Episode 137: Double Your Investment Dollar: A Smith Maneuver-Like Strategy for Growth, Deductions, and Legacy – Part 2 – Corporate Edition

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Are you leaving valuable tax deductions and investment opportunities on the table by not leveraging your corporate retained earnings efficiently?

Many Canadian business owners struggle to maximize their retained earnings without triggering unnecessary taxes. Traditional investment strategies can expose you to high tax rates, limiting the growth of your wealth. 

But what if there was a way to grow your investments, create tax-deductible interest, and build a significant tax-free estate payout—all at the same time?

In this Canadian Wealth Secrets episode, we break down the Immediate Financing Arrangement (IFA), a powerful financial strategy that allows incorporated business owners to leverage high early cash value life insurance to invest, optimize tax efficiency, and secure long-term financial benefits. Whether you’re looking to enhance liquidity, reduce taxable income, or create a tax-efficient legacy, this strategy could be the missing piece in your financial plan.

What you’ll learn: 

• Discover how to use retained earnings to invest while maintaining liquidity and minimizing taxes.
• Learn how corporate-owned life insurance can be leveraged to create tax-deductible interest.
• Understand how to build wealth efficiently while ensuring a tax-free payout to beneficiaries.

Hit play now to uncover how this strategy can work for you and take control of your corporate wealth with smarter financial planning!

Resources:

• Ready to take a deep dive and learn how to generate personal tax free cash flow from your corporation? Enroll in our FREE masterclass here. 
• Book a Discovery Call with Kyle to review your corporate (or personal) wealth strategy to help you overcome your current struggle and take the next step in your Canadian Wealth Building Journey!
• Discover which phase of wealth creation you are in. Take our quick assessment and you’ll receive a custom wealth-building pathway that matches your phase and learn our CRA compliant tax optimized strategies. Take that assessment here.
• Dig into our Ultimate Investment Book List
• Follow/Connect with us on social media for daily posts and conversations about business, finance, and investment on LinkedIn, Instagram, Facebook [Kyle’s Profile, Our Business Page], TikTok and TwitterX.  

Calling All Canadian Incorporated Business Owners & Investors:

Consider reaching out to Kyle if you’ve been…

• …taking a salary with a goal of stuffing RRSPs;
• …investing inside your corporation without a passive income tax minimization strategy;
• …letting a large sum of liquid assets sit in low interest earning savings accounts;
• …investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting cordporate passive income taxes at greater than 50%; or,
• …wondering whether your current corporate wealth management strategy is optimal for your specific situation.

Achieving financial independence requires smart planning, especially when it comes to growing your net worth and generating passive income. We explore conservative leverage strategies such as the Smith Maneuver to convert non-tax deductible interest on your primary mortgage to tax deductible interest as well as conservative leveraged life insurance strategies including immediate financing arrangements (IFA). For business owners, navigating the complexities of corporate structures, tax implications, and investment strategies can feel overwhelming. From understanding capital gains rules to leveraging life insurance for wealth optimization, the right approach can transform your financial future. By aligning your strategy with tax-efficient tools, you can unlock the full potential of your business and investments, ensuring sustainable growth and long-term independence.

Transcript:

Jon Orr: This is part two of an episode that we recorded a few episodes ago on the Smith maneuver, like style tool for your personal and your business and how to kind of maximize the use of your investments to make them tax deductible. So a few episodes ago, if you look back in the catalog, we talked about the idea of using the same dollar twice.

And we outlined how in previous episodes, we’ve been talked about strategies around the Smith maneuver, but we looked at in that episode, how to basically recreate a Smith maneuver strategy using a different tool than your primary residence. Kyle, give everybody kind of a quick synopsis of quick overview of the Smith maneuver so that if you just tuned in here and you didn’t.

listen to our previous episodes on the Smith maneuver or the Smith maneuver is a little bit foreign to you that you kind of quickly grasp the idea. And then, just let’s just summarize what we talked about in that previous episode, because in today’s episode, what we want to do is extend the big ideas and the big takeaways about how to recreate a Smith maneuver without using your primary residence, but now inside your corporation, inside your business to create some tax deductions and also kind of optimize and also get extra benefits that you may have not had if you were just say, trying to replicate a Smith maneuver.

Kyle Pearce: Absolutely. You know, we have a bunch of Smith maneuver specific episodes, so they’re definitely worth going to check out. You can also check out the Smith maneuver ultimate post on our blog over at Canadian wealth secrets dot com. But I think it’s worth reiterating because I get on calls with clients all the time and there’s a lot of confusion around what the Smith maneuver really is and what it is really trying to help you achieve. But ultimately, at the end of the day, I’ve got a dollar I wanted to invest

Anyway, this is the key, right? This is the key. I was gonna invest a dollar anyway. Instead of investing the dollar directly, I put that dollar on my primary residence mortgage. Why I do that is so that I can reduce the non-tax deductible mortgage amount on my primary residence. It is not tax deductible, the interest you’re paying on your primary home, and it’s gonna open up.

that dollar of room on your home equity line of credit, which is just a side account that is secured by your home, by your property, so you’re getting more favorable interest rates there, maybe not as good as the actual mortgage itself, but I can take that dollar and then I can make the same investment I was going to make, and any interest that I have to pay on that dollar, I now get to write that off because I’ve now tried to make money.

with that dollar. I’ve actually, it’s like essentially like going into business for yourself, right? I’m making an investment and I’m trying to create income for myself, be it through capital gains, dividend, whatever it might be. So that’s the Smith maneuver in a nutshell. And with those tax deductions, even if you’re paying a higher interest rate because you’re being able to write it off against income,

you are essentially winning and you still get that investment in the long run. So there’s a big win there. Now what we talked about in the last episode was the same idea, but if we were to take that same dollar and we were to put it into a high early cash value life insurance contract and we were to leverage that dollar to make the same investment, we’ve essentially created a very similar thing going on now.

The nuance here is that we’re not actually converting non-tax deductible interest to tax deductible interest. It will automatically be tax deductible because we are now borrowing against the life insurance contract. But the benefit here, not only the emotional benefit of borrowing against a life insurance contract instead of your primary residence where you live and that can create all kinds of different emotional triggers for some people.

is that now what we get is we get a dollar working in two places at once, just like we did in the Smith maneuver. But the benefits are slightly different because here’s the thing, when we pass on and we sell our, I say when we, when our estate sells the primary residence, we of course do not have to pay any capital gains taxes. That’s a great thing. But there are costs associated with it. You can assume that if the property is worth a million dollars, probably gonna

probably spend 5 % or more in selling this property, right? Who knows what the market’s doing at the time? Maybe it’s not worth as much as you thought. Here we have a contract that we know exactly what it’s worth while we’re living. That’s the cash value. And it also has this interesting feature that your primary residence and no other asset out there can do, which is when I do move on to the next world, it’s actually worth more.

So while I might’ve put a dollar in and I borrowed a dollar out, which leaves me at like net zero when you think about it, it’s like I am still growing this policy and I’m in growing my investment, but I’ve basically used the dollar in two places at once. And at some point down the road, that loan would have to be paid down. The difference is, is when that loan’s paid down, usually at the death of the insured person, you are left with more money.

than you would have had otherwise because I owe a dollar and the death benefit might be worth $10 or $15. And therefore there is a arbitrage on that transaction. So we not only get the investment just like we did in the Smith maneuver style but we also get the actual free death benefit we’ll call it the free net death benefit on the back end.

Jon Orr: Right. Yeah. Yeah. Like the benefits I think we highlighted in that episode of using this structure. So a whole life, a high cash value, whole life policy versus, you know, using the typical Smith maneuver on your primary residence were that guaranteed growth, right? Like we’ve got basically, you know, your real estate could increase in value. Like your home could appreciate in value. And generally it will.

But you are at the mercy of the markets. Whereas a whole, the cash, you know, your whole life policy will increase in value and it is contractually obligated to do that. You cannot go backwards. So you’ve got that guaranteed growth happening there, which you don’t get in say, your real estate. So that’s a benefit over the Smith maneuver when you’re thinking about safety. It’s in a way, it’s safer collateral because the banks will leverage against whole life policies.

easier and more often than they would against say real estate. So, you know, if you’re looking at saying going to get your HELOC approved so that you can say use a Smith maneuver, having a whole life policy is actually an easier sell to the bank to say I’d rather lend on that because you’re gonna die. And I’m going to get paid, right? I am going to get paid so they would rather do that. So there’s some safer collateral there for the lender.

You know, you’ve got the tax advantage strategy. So your loan interest is tax deductible when you go to do that investment, but then the death benefit adds that extra cherry on top that it’s tax free going to be paid out. And you said it’s hot, you know, higher value than it is today. Whereas your, your, your primary residence is going to be the same value. It is the day you die or less because of all the fees or the, the, you know, any of the, the, the actual tax that may have to be paid out at that point.

And then you’re growing two things at once. We talked about that, right? You’re growing, say, your investment, but you’re also growing the value of that policy at the same time. And that’s where the two uses for the same dollar comes in. So that’s kind of like what we, those are the main kind of big ideas we talked about personally, why you might want to use this policy structure over the Smith maneuver. Or, exactly.

Kyle Pearce: Right, or maybe side by side, right? Because I was going to say that. It doesn’t have to be an either or. We do both, you know? And some people, it’s like, hey, listen, if I was thinking I was going to do X amount with the Smith maneuver on my primary residence, well, this might sort of like, what we’ll call it, like spread your emotional risk, so to speak, right? If you think about that, right? Instead of going super hard on just the home.

you might have this other option as well, which also provides, you know, we often like gloss over the death benefit is such a huge protection. It’s such a huge backstop. Should things not go well in life? Like none of us want, you know, that to happen to anyone, to myself or to anyone that we work with. But at the end of the day, having that protection there is also a massive, massive help because unfortunately not all of us will.

live to the average age, right? That’s just not unfortunately gonna be in the cards for some people. So having that is also a massive, massive benefit, a massive protection that you get to have for essentially for free, right? Because I mean, you’re basically, you’re gonna get to write off that interest. There is a little bit of arbitrage that we can talk about, but the same would be true with the Smith maneuver as well. And ultimately at the end of the day,

it’s giving you another financial tool in your back pocket. But on today’s episode, we actually now want to sort of take this idea and we want to bring it into the incorporated business owners world. Because this is extremely intriguing. Because here’s the thing inside your corporation, you have this thing called retained earnings. And you really we’ve talked about it on countless episodes before.

We are advocates for you. Take the money out that you need for lifestyle, especially in the early goings. We have strategies to do it better if you have a lot of income coming into the corporation each and every year that we can get more creative and use this type of strategy in order to do that better and more efficiently. However, for those who are like, need a certain amount of money for lifestyle, we encourage you to take that. We’ve talked in previous episodes about

You know, the difference between say taking a salary or taking a dividend, we’re, we’re sort of advocates for the salary mentality. If you know the minimum amount that you’re going to need each year to, to live your lifestyle because of the bonuses that go along with it. But then the rest of the money that your company has generated, we suggest that you keep it inside the corporation because in just in doing that, if you took the money and you put it under the corporate mattress, as we call it, you just left it in an account, a savings account.

Not the best move, but if you did, you’re still deferring personal taxes on it just by doing that. So what we wanna do is we go, okay, now what do we do from here? Because the reality is, as most business owners, ourselves included, what we did for a number of years was we would take this money and the money that we were willing to commit to investing, we put into investments. We put it straight into investments. We put it into real estate mostly.

But in recent years, we’ve also now recognized that you know what, we should probably diversify even though we feel more comfortable with real estate. We now have different strategies and ETF strategies and so forth and different options strategies that we incorporate. But what we recognized was that we’re leaving an opportunity on the table and that opportunity was to do what we just.

described for those at a personal level, utilizing a high early cash value policy and actually funding it inside the corporation. So that means the corporation’s going to purchase this policy. It can be on the key people. It could be on you for our business or it can be on me. It could be on both of us. Sometimes it could be on you and your spouse. Even if the spouse is in a shareholder, there’s different variations that we can have, but ultimately key people in the business can be insured.

And the beauty is, is that we can do everything we just described at the personal level by leveraging the dollars we put in, in order to then put into the investment we were going to make anyway. The company now gets a write-off of the interest on the borrowed funds. We get the bonus of the death benefit, right? We’ll call it the net death benefit, the difference between the death benefit that’s paid out and the premium you’ve put in or.

the loaned amount out, which would have to get canceled out at death. But there’s another huge nuance here that makes this a complete game changer for business owners. And that is how insurance payouts, death benefit payouts are treated from an accounting perspective when we look at the Canadian Income Tax Act. And that is that this death benefit, and we’ll call it the net death benefit once again, the dollars I put in,

are still due to be taxed at a personal level, but all of the quote unquote bonus dollars of the death benefit get to come out tax free through the capital dividend account to shareholders. Now, unfortunately, if it’s on my life, that means I’m no longer here because the death benefit has paid out. It wipes out any loans that I might’ve had, which would probably be all of the cash value amount, but all of this additional death benefit that you’re getting, you get essentially quote unquote for free

which gets to come out to shareholders, which might be my spouse, my kids, a charity, whoever those shares get passed to through the capital dividend account, completely tax-free. So this is a massive supercharger of your wealth and you get to do it without actually…

you know, really having to sacrifice a whole lot. There’s a little bit of work that has to be done, right? You have to learn and there is some learning to be done on episodes not going to do all of that for you. But once you understand it and you go, holy smokes, I could take those retained earnings dollars and I can put them in two places at once. I can write off interest and I have a massive estate builder, whether I like it or not. On the other end, there’s really

no better structure that we can utilize inside our corporation to maximize our overall net worth while we’re living and supercharge our estate when we do pass on.

Jon Orr: Mm hmm. Yeah, yeah. And it’s why we use this structure ourselves, right? Like I think we, you know, the fact that, you know, we talk about it here often is because we have gained immense value from using the structure already. And we’re not even talking about death benefit because we know that it’s there. the two things that are huge for us is one is again, putting the same dollar to use twice is we know that it’s growing inside the policy itself.

you know, we’re earning dividends that, know, on the values are premium. We like we, we, we, the cash value is growing. It doesn’t go backwards as a safety net for us. had an episode where we talked specifically about recreating our pensions using this structure. So it’s adding that layer of safety, but then we got to leverage against it to go and invest and then use the investment, use the interest in a tax deductible way that we wouldn’t have been able to do inside the corporation if we hadn’t done that.

Right? if we, with our investment strategy, because our investment strategy does allow us to earn income through the year, now we get to write off the interest against the income that we’re earning in those investments, which we wouldn’t have been able to do without, that borrowed amount and creating that two uses of the same dollar. If you think about, if you just looked at it as an investment and went

to take so that those retained earnings and put them into say, stock market and you were using strategies that allowed you to have income, then you’re gonna be losing 50 % because it’s passive income. And all of a sudden you can’t, you do that. Or if you’re go buy a property, you’re gonna go buy a building, you get to now write off say the interest portion because you loaned against say the purchase of that and then against.

the income that you’d be generating there. So like normally you would lose 50 % to the tax because you know passive income at the corporate level is taxed at 50%. So that’s a huge benefit for us in those two specific ways and using this structure inside the corporation. And that’s not even talking about what you just talked about, which is thinking about like how we can really get this money out of the corporation tax rate.

Kyle Pearce: Right, yeah, and that’s sort of the next step. So to this point, basically what we’ve described is something that is known as an immediate financing arrangement, or an IFA. So we were talking about essentially doing an IFA in the last episode for individuals. So individually getting that immediate financing arrangement. Now, why it’s called that is because you’ve heard us talk about it. One thing we love about permanent insurance is that there is a place that we can go no matter what.

to borrow against cash value. And that’s directly from the insurance company, right? Like we can go to them and basically say, I would like money now. Now it’s not gonna happen now, but in a couple days or whatever it might be, depending on the company that you’re working with in terms of that timeline, they will give you up to 90 % of the cash value, which is a great sort of guarantee in your mind that it’s like, have liquidity, right? So I can do this.

They don’t have to check my credit. They don’t care if I have a credit card balance or if I owe money on this car or whatever it is, it does not matter. Whereas when we do an immediate financing arrangement or an IFA, typically what we’re doing is we’re going to a third party lender. Now that third party lender can really be anyone. It’s totally up to you as long as they’re willing to collateralize this policy.

But typically big banks are sort of the first place that we go to, right? As long as the policy size is large enough, meaning there’s enough cash value that would make it worthwhile to collateralize. So for many lenders, that’s gonna be around 200 or $250,000 of cash value for them to go, you know what? We are willing to lend on that amount.

Every lender is of course different and there are different structures, but the most common structure that we utilize with our business owner clients and with our personal clients is actually going in and basically borrowing 100 % of cash value. And in some cases we can get 100 % of the premiums going in. Cause for those who know that first dollar you put in a policy, it’s like we can’t get the full dollar out. The cash value isn’t quite a dollar yet.

However, there are ways that we can leverage that full dollar directly out. So there’s so many different ways we can go about it, but typically this type of structuring that we’re discussing is going to a third party lender, having them collateralize. That means that you are going to have to do underwriting, right? So they are gonna look at everything because for example, if you are over your head in all the debt that you have already, of course they’re gonna go, you know what? It’s like,

doesn’t feel like a good move here, because they don’t want just like they don’t want to take your home if you get a mortgage on a home and you can’t afford it. They don’t want to take the mortgage they are or take the home they just want interest. That’s all they want. But if it doesn’t look like you’re going to be able to do this sustainably, because you have all kinds of other messes going on, then of course, it’s probably not going to be, you know,

something that they’re willing to take on. They’re not going to take on that risk. They just want to make sure that interest is being paid. It’s typically on an interest only basis, just like a home equity line of credit. However, what we typically see is that the actual amount that they borrow or the interest rate that they give oftentimes can be a little better than what you might get on a home equity line of credit. Now, sometimes that’s because of

you know, your other assets and they see that, you know, your business is doing well, or you, you know, you have a good net worth going on or whatever it might be. But another reason is that they do know that it’s like in a worst case scenario, where if things don’t go as planned, that there is a bucket of cash known as the cash value that they can take in order to repay the loan.

just like the Smith maneuver, if your mortgage was $500,000 and if you successfully did the Smith maneuver on every dollar of that $500,000 mortgage, you now still owe $500,000. It’s just on a line of credit. And the same is sort of true here where we go, listen, if I have $500,000 of cash value, I can borrow up to 100 % of that 500,000. So it’s like I have a loan out against that cash value except

you’re good for it because that bucket of cash is sitting there. There is no worry about market volatility. There is no worry about, you know, not being, you know, keeping your house on the market for too long and you know, you can’t make blah, blah, blah. None of that stuff really matters. And you get this extra benefit that if not if, but when we pass away that that $500,000 cash value is no longer a thing. And it’s now the whatever amount of death benefit is associated with it.

If it’s early in the process and you have 500,000 of cash value, you probably are going to have somewhere like eight, maybe $12 million of, you know, of death benefit, right? So that’s going to quickly change from one thing to another. The loan gets repaid back fully and you still have the same investments that you were going to make anyway with all this extra bonus capital. So lots of reasons to do it inside the corporation. And of course, there’s even some bonus moves we can do at a personal level.

Jon Orr: For sure, for sure. And we’ve given lots of benefits to use this structure along the way. before we kind of wrap up here, I want you to think about one of our clients and how they used the cash, like the IFA, the borrowing against the policy to supercharge their business or inside their corporation, maybe at a personal level as well. Talk about an example here that has kind of changed the way that a client has utilized the policy.

Kyle Pearce: Yeah, I’m going to give you two examples. One is going to be one inside the corporation. And the goal was to invest in real estate. This one’s kind of an easy one, because usually if you’re planning to buy real estate, whether it’s personally or corporately, it’s not something that you just you can’t dollar cost average into buying a building. know, like you’re not it’s it’s not like the stock market where you’re just constantly just sending you know, the extra money every month or every week or whatever it is into an account. So what they typically do is that they’re kind of

building up a side account, right? Some might even do short-term GICs, which we know are taxed heavily inside a corporation. So this particular business owner is planning to buy real estate over the next, you know, we’ll call it 12 to 36 months. And really, why is it, you know, kind of unknown as we, well, he’s got to find the building. He’s got to find the opportunity. So in the meantime, he’s been funding this.

money into the policy and at right up front, we actually got them the actual approval from a third party lender so that they know that they can immediately borrow against the cash that’s going in there and we’re able to get them 100 % of the premium they were putting in. So there is no sort of like, you know, arbitrage or missed opportunity cost here for this individual. In the meantime,

they’re going to see this policy’s cash value and death benefit growing. Now the cash value is going to grow kind of like a GIC-ish type rate. So it’s not, we’re not talking to video. Now mind you, if you have Nvidia, hopefully, you you’re hitting the sell button right now because things aren’t looking good there, but you get the idea. This is guaranteed.

and they’re able to lean on it for that investment purchase. Now this was recent, so they still haven’t bought the building yet, but that is there. They’re getting ready to do that, and they know that they’ll be able to write off the interest. Now for another client, this client actually was building a policy inside the corporation. So they have max funded a policy. It’s a large policy. And what they’ve done is they actually got a third party loan at the personal level.

Now, why this is helpful, okay? Not only is it helpful because you can potentially, you know, do some living out of this leverage strategy, right? And we have structures and strategies on how to do this in an efficient way to make sure that your net worth continues to grow while you still get to utilize some of these funds at a personal level. But the main goal was that they wanna leverage this policy at a personal level so that they can make investments at a personal level.

And this individual has real estate, but they also have a stock portfolio. So the idea here is that by investing at a personal level, that means that they will be subject to personal taxes on those investments instead of being subject to the corporate taxation system of the investments. Now remember, if I buy an investment inside the corporation, I can some of that.

investment may be able to come out to me through the capital dividend account on a sale of a capital gain or anything like that. But a lot of that money still stuck in the corporation. And that means if they want to benefit from the entire investment that they’re going to take on a significant amount of tax at a personal level. So this individual wants to actually build some of these assets outside of the corporation so that when they choose to utilize any of the growth of these investments at a personal level,

They also have the tax write-off Smith maneuver style at a personal level to work against that personal income. So there’s some advantages there to go, you know what, if there was a way for me, like, let’s be honest, if every business owner out there is like, if I could wave a magic wand, all of my retained earnings from my company would be in my personal pocket without having lost any to tax. That’s the, like, that’s what everyone wants. Unfortunately, we’re not able to do that

by simply just pulling it out because we’re gonna have to pay tax on the salary or the dividend. In this format, what we’re able to do is we’re able to use third party leverage funds in order to accomplish some of the same goals. But here’s the beauty. Once again, remember, we’re not just using leverage aimlessly. It’s very conservative because remember, we’re borrowing against a dollar that exists in this cash bucket. And we also know that the

very high death benefit will eventually pay out. And remember the quality of the death benefit inside of a corporate structure is that the vast majority of that death benefit gets to come out tax free to a personal level. So remember what we said, if I could wave a magic wand, I’d have all that money in my personal pocket without losing it all to tax now. Well, here you’re able to do it through leverage now, and you’re able to pay off that loan later, completely tax free.

So you still get what you were after, but we’re gonna do it in a slightly varied sort of approach in order to make this thing work and to keep it 100 % compliant.

Jon Orr: What you just, I think, outlined for everyone here is that we earn money inside the corporation and then in a way that money was taxed at the corporate level because you pay tax on your revenue earned. then normally when you pass it outside, you get taxed again at the personal level. But you just said is you pay tax at your corporate level on your income, on your revenue earned, and then you passed it tax free outside in a way.

because you’ve leveraged against it to avoid say sending it out, we leveraged against it, but because of the capital dividend account, because of these important structures we’ve been discussing, the loan can be wiped away at time of death and therefore it was always bigger than the actual loan amount and then utilized personal funds to kind of start growing and then use that at the personal level using your corporate dollars at the personal level, which is, which is, you know, super smart of this client to do.

Kyle Pearce: Yeah, 100%. And when you think about it, like you think of the word leverage, right? It’s like you’re you’re able to leverage your assets in a way that is going to be more tax efficient and is going to be safe. Because this is the deal. Like this is the thing is like the scariest thing about leverage is when someone borrows money, and they can’t figure out how they’re ever going to pay it back. Whereas here, you know exactly how it’s going to get paid back. And in the interim,

there is that bucket of cash staring those dollars in the eye. Whereas in many cases, when people borrow funds, they’re borrowing against things that don’t necessarily add up. And what I mean by that is like the real estate examples is great. Think about cars. If you borrow to buy a car, that car might not be worth enough in a year from now.

in order to fully pay back that loan. So what ends up happening? Well, they take the car back. But let’s be honest, you still owe on it, which means there’s going to be creditors coming for you. It’s not just like, the car, no problem. Like we’re talking here about a dollar for a dollar, which is really, really important, meaning you are backing it up all every step of the way, right? And you’re not going to be able to re leverage that dollar a second time or to do anything silly like that. This is

very, very important structuring to help you not only maximize your net worth while you’re maximize and supercharge your estate value when you’re gone. And in the meantime, being able to, like I like to say, it’s kind of like having your cake and eating it too, because you don’t have to pick one or the other. You don’t have to pick estate planning, meaning I can’t spend money, or net worth building, and I’m going to utilize all the money and not worry about what happens later. You kind of get both here and you get both in the most efficient manner possible.

Jon Orr: Right. So if you’re a business owner and you’re like us, you’re going to have questions. You know, you’re going to be like, hmm, what about this scenario? What about this scenario? Like these are pebbles that are rattling around in your shoe right now when you hear new ideas around structures to utilize that you may have not been utilizing. And those questions kind of bubble up and you you are maybe want to seek those answers. So we have two basically called actions for you after listening to this episode, especially if you have questions.

One, we have a course, a master class, that you can go and register completely for free to learn about the structures, the uses, the case studies, so that you too can start using cash value from your corporation at the personal level. So you can head on over to canadianwellsecrets.com forward slash master class. You can enroll there and start your learning journey.

The second call to action, again, if you have questions, pebbles, like you’re just wondering about scenarios, like your personal unique situation, then we encourage you to book a call with us. We’ll talk you through those strategies. We’ll answer those questions with you so that you can wrap your head around what you think you may be missing and you’re like, where’s the loophole here, guys? Then head on over to CanadianWellSecrets.com for such discovery.

There’s a form there to fill out and maybe we’ll be chatting to you to kind of help you navigate how you can think about the structure and put it to use or maybe just clarify some questions. that’s CanadianWellSecrets.com forward slash discovery.

Kyle Pearce: And friends, if you could do us a solid share this with someone you think would appreciate the content. We so appreciate all the support out there. We’ve been in the top 30 business podcasts in Canada. Yes, and it’s consistent. We are sticking there, which is fantastic. So thank you for not only listening, but also sharing the podcast.

Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

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