Control and Compound with Darren Mitchell
Can You Use Corporate Dollars For An Infinite Banking Policy? | Calling All Business Owners!
10 Apr 2023
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? TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound
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