7 Benefits of Having Your Insurance inside Your Corporation

In this episode, Jessie will be sharing valuable information regarding the 7 great benefits of keeping your insurance inside your corporation. So this video is targeted towards business owners or those who are planning on setting up their own business soon.

For those who have businesses or a corporation in Ontario, the active business income is going to be taxed at 15.5%. In Jessie’s point of view, you are likely going to be taxed at a much higher rate than the 15.5%. As soon as month goes from what your business is earning to a personal basis, the highest tax bracket can trigger another 30-32% tax. So if you could defer it further by keeping the money inside the corporation, then it would make sense.

So we mentioned about these 7 benefits… here are some hints:

  1. Keep your insurance in your corporation
  2. Tax-deferred growth
  3. Health and age issues
  4. The collateral loan
  5. Funding
  6. Dividend account
  7. Disability insurance

Watch the video and let the top financial expert, Jessie Christo, explain the rest.

We hope you enjoyed this video from The Financial Tool Box Guru. Return often to keep current updates on more investment and insurance ideas we have to share with you.  If you find this information valuable and are worth sharing to your friends and relatives, please share this across your social media network.

whats your next step

The Financial Toolbox Guru offers many FREE offers each providing you with the opportunity to self-study an array of wealth accumulation and protection strategies.

Leave A Comment