Master the Concept of Infinite Banking

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…

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…

Corporate tax, or the corporate income tax, is a tax that is levied on profits or incomes generated by businesses or corporations. Corporate taxes can be levied on income produced from the business activities and income produced on property such as investments. The government imposes a direct income tax on companies’ earnings, usually based on…