130. Investing with Whole Life Policy Loans in Canada Interest Deductions

August 30, 2022 00:26:22
130. Investing with Whole Life Policy Loans in Canada Interest Deductions
Wealth On Main Street
130. Investing with Whole Life Policy Loans in Canada Interest Deductions

Aug 30 2022 | 00:26:22

/

Hosted By

Richard Canfield Jayson Lowe

Show Notes

Wealth Without Bay Street EPISODE #130: On today’s episode of Wealth Without Baystreet, Jayson and Richard talk about how you can invest with your whole life policy loans and about interest deductions.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

00:29 Is Policy Loan Interest Tax Deductible?

3:09 Two Tracks You Can Take

5:28 Being an Honest Banker

9:36 Interest Write-Off

12:26 Know Your Options

16:56 Commercial Banks vs. Life Insurance Companies

Other Episodes

Episode

May 07, 2025 00:50:51
Episode Cover

270: U.S. Immigration Myth: It Isn’t as Hard as You Think

Wealth On Main Street 270: U.S. Immigration Myth: It Isn’t as Hard as You Think Relocating to the United States might seem like a...

Listen

Episode

January 04, 2022 00:39:13
Episode Cover

96. Seven Myths of Life Insurance Lending in Canada

What are the myths of insurance lending in Canada? Jayson Lowe and Richard Canfield discuss an article from a Bank that tries to dispel...

Listen

Episode

August 25, 2020 00:35:58
Episode Cover

25. Client Series – Embracing the Concept of Infinite Banking

Understanding how Participating Dividend-Paying Whole Life Insurance Policies work can literally be life-changing!  Take it from Borysa.  She is the Owner of BOS Events...

Listen