September 21, 2021

81. Capital Dividend Account for Canadian Business Owners – Tax Free Legacy

The Capital Dividend Account For Canadian Businesses is a huge Tax Advantage Secret in Canada!    Can you stockpile capital inside of a Canadian Controlled Private Corporation (CCPC) and then exit it tax-free? The answer is yes, it’s all in the strategy …

Show Notes

Wealth Without Bay Street
Wealth Without Bay Street
81. Capital Dividend Account for Canadian Business Owners - Tax Free Legacy
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The Capital Dividend Account For Canadian Businesses is a huge Tax Advantage Secret in Canada!

Can you stockpile capital inside of a Canadian Controlled Private Corporation (CCPC) and then exit it tax-free? The answer is yes, it's all in the strategy you use to make it happen. Your corporation pays for it, and you get to use it, more importantly, it can pass on a legacy far greater than just life insurance. It can allow you to extract critical assets and maximize the value to your estate.

Richard Canfield and Jayson Lowe of Ascendant Financial discuss the Corporate Insured Retirement Plan and the key advantage of the Capital Dividend Account.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

3:30 Case study example of a corporate account

10:26 Tax free withdrawals from your policy account value

16:58 Exercising your capital dividend account credit

20:44 Working with an experienced advisor and team

26:38 Understanding where to reside your wealth and company resources

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