Why Business Owners are Investing Millions in a Strategy That CPA’s Often Miss

As Canadian Controlled Private Corporations (CCPCs) grow, they employ a comprehensive team of professionals to manage their complex and expanding interests.

Increasingly, affluent business owners will rely on Chartered Professional Accountants CPAs to partner with other professionals to offer multi-dimensional strategies aimed at ensuring business sustainability.

Without professional collaboration, there’s a missed opportunity to deliver value-added service to key clients.

It might surprise you that today, more and more of Canada’s wealthiest business owners are turning to permanent life insurance to help protect their estates and address tax issues.

It might also be surprising that hundreds of millions of dollars are being used to purchase corporate-owned policies each year. CPAs can deliver significant value to their clients by seeing the opportunity that insurance offers as a tax-efficient asset, and not just an expense.

Ironically, many CPA’s who specialize in creating tax efficiencies don’t expand their team to include life insurance professionals. Used well, life insurance provides an opportunity to help solve three significant problems for their business owner clients:

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