Insurance can be used as a strategy to grow your wealth, shelter and protect it. Currently, there are 3 ways to grow your wealth tax free: your principal residence, your TFSA and insurance.
Certain types of insurance can create an additional annual tax shelter to grow your wealth and save taxes.
For business owners insurance can also create a tax-advantaged conduit to move money from your corporation to your family.
Insurance isn't just about paying your estate taxes, it's about helping you now and in the future.
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Dennis Rawson Wealth Advisory Group