Can You Use Corporate Dollars For An Infinite Banking Policy? | Calling All Business Owners!
Control and Compound with Darren Mitchell · Control and Compound Financial | BNV Media
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Show Notes
On today's episode, Darren and Christina break down what it looks like if you use cash inside your corporation to fund an infinite banking policy. You're not going to want to miss this episode as they go over the tax implications, OpCo vs. HoldCo, and what you can use the cash for in a policy. Tune in now!
Show notes:
00:00 - Introduction
1:20 - CCPC (Canadian controlled private corporations) tax implications
7:55 - Using corporate dollars for infinite banking
13:35 - OpCo vs. HoldCo
17:20 - Can I put a policy on my kids/spouse within my corporation?
20:00 - Surviving shareholders
23:50 - What else can you use the money in your corporate policy for?
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