Master the Concept of Infinite Banking
The Money Blog
Read through our collection of articles on the Infinite Banking Concept (IBC) and other money matters.
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Read more »: What is Income Tax in Canada?Income tax is the percentage of your earnings (business or personal) that you pay to the government. Canada’s income tax system is graduated, meaning that your tax rate will depend on what you earn. Canada Revenue Agency (CRA), which manages the income tax revenue, is responsible for financing various government services. These services include vital…
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Read more »: Inheritance tax with Ascendant Financial
What is Inheritance tax? The term Inheritance Tax (IHT), stands for an amount that’s payable by a person who has received assets upon another individual’s death. The asset range includes cash, real estate properties, business shares among others. This emphasizes how important it is to understand optimal inheritance tax literature takes into account these factors…
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Read more »: Insurable interest
What is Insurable interest? The term “insurable interest” is used to describe the legal and financial interests of a person or company in an insurance policy. It means, in simple terms, that the person or entity buying the insurance has a stake in protecting the insured property or person. The stake is to ensure that…
The Premier Channel: Bankers Vault
Watch out our latest videos and tutorials on the Infinite Banking Concept and other financial topics.
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CLICK HERE 👉 http://watchibc.com/ Compounding dividends is one of the most powerful strategies for building long-term wealth. In this video, I’ll break down how dividend reinvestment plans (DRIPs) work, why I only invest in dividend-paying stocks, and how I use the infinite banking concept to maximize returns. By reinvesting dividends into more shares, you can…
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CLICK HERE 👉 http://watchibc.com/ Welcome back to Bankers Vault! Today, we break down the key concepts of financial independence versus financial freedom and introduce the family banking system as a powerful way to control the banking function in your life. We explain how to free up cash flow through debt recapture, build a sustainable system…
The Podcast: Wealth on Main Street
North America’s #1 financial podcast where conversations about money are entertaining and informative. We’re transforming the conversation around money, making it approachable and clear.
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Treating life insurance as an expense could cost you. Henry Wong breaks down a major misconception that permanent life insurance is a specialized asset, but many mistakenly treat premiums as an expense. As he points out, the Income Tax Act clearly states that insurance premiums aren’t deductible. Avoid costly mistakes and make life insurance work…
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Every major purchase comes down to three choices: lease it, buy it with cash, or finance it. Jason Weiss, a financial strategist, breaks down how business owners can optimize their cash flow while acquiring assets. Instead of tying up capital, strategic financing allows you to keep money moving where it works best. This approach applies…
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