Life Insurance Policy in a Corporation

Did you know that it is far more cost/tax effective to have your life insurance held in a Holding Company? Now that the top marginal tax rate for Ontario residents is almost 50%, you should consider keeping more of your money in a holding company and possibly transferring personally owned life insurance to the company so that your premiums can be paid with corporate dollars, rather than personal (high tax rate) dollars. Please call us for more information.