Short excerpt from a YouTube video by Jayson Lowe offering financial advice to business owners and investors. The speakers urge listeners to adopt banker-like thinking and claim that passive investment income held inside a corporation can be taxed at about 50%, proposing a properly designed insurance policy as a tax-bypassing alternative.
You may be an investor, you may be a business owner. So don't just be a business owner, Investor, or a T4 employee with an organization. Also start thinking like how you can be a banker and how becoming a banker would enhance everything that you're doing financially.
I'm going to put in an investment. I'm going to put in a GIC. Sure you can earn $100,000 off that investment, but the government has designed a specific tax rule where those passive income inside a corporation will get taxed at 50%. But by you storing the capital in a properly designed policy like what we do, that bypasses the tax.
