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

Wealth Without Bay Street

Aug 30 2022 | 00:26:22

00:00 / 00:26:22

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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

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