Ep 11 The Tax Man

🎙️ Episode Recap: The Tax Man & Your Estate – Part 2

In this episode, Kelly and the host dig deeper into the real cost of taxes on your estate—and the often overlooked strategies to protect what you’ve built. While most people focus on income taxes during their working years, many are blindsided by the significant tax burden at death, especially when it comes to corporate investments, registered accounts, and family-owned assets like cottages or businesses.

They explore how corporations can be powerful wealth-building tools. By leaving retained earnings in the business, individuals can grow a larger pool of capital using before-tax dollars—but if left unmanaged, these funds can trigger major tax consequences down the road.

One solution? Permanent insurance as a tax-sheltered growth vehicle. Unlike traditional investments, funds placed inside certain insurance policies aren’t taxed annually and can pass through the capital dividend account, potentially allowing your beneficiaries to receive those funds tax-free. This strategy also provides the liquidity needed to cover estate expenses—avoiding forced sales of cherished assets like family cottages.

Whether you’re thinking long-term about retirement or looking for ways to keep your estate intact for the next generation, the key message is this: strategic tax planning now saves massive costs later.

🗝️ Ready to see how these strategies can apply to your situation? Join Kelly and the team at one of their monthly Keys to the Vault dinner events in Burlington. You’ll learn actionable tax strategies and get a behind-the-scenes look at how to grow and protect your wealth—beyond the basics.