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 for you. Tune in now for the full story! Business Owners need to understand Financial Statements! https://youtu.be/C_ZHBHdCsl8
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