There are certain insurance policies that can be held by the corporation. Wow, that's a huge tax advantage right away! Why? Life insurance is paid with less expensive money (corporations have lower tax rate than personal tax rates) and that it is tax sheltered meaning you don't pay tax on it when it grows in value plus it gets paid out tax free to the beneficiaries. So, there's an advantage of
- how you pay the premiums from a tax advantage
- how the money grows in the policy tax free
- how it goes to the beneficiaries!
http://www.camagazine.com/archives/print-edition/2013/april/regulars/camagazine73233.aspx
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