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Infinite Banking Canada
Infinite Banking is a financial strategy that has been gaining popularity in Canada in recent years. It is a concept that involves using a whole life insurance policy as a savings vehicle, allowing individuals to build up cash value over time. This cash value can then be used to fund investments, pay off debt, or…
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Shareholder Loans in Canada: Tax Implications and Compliance
Shareholder loans are an important source of financing for many businesses, particularly small and medium-sized enterprises (SMEs). These loans are typically provided by shareholders of the company, and can be a flexible and cost-effective way to raise capital. However, there are a number of important considerations that businesses need to keep in mind when using…
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