- Hockey Players
- Oil & Gas
- Business Owners
Corporate strategies that use insurance as a tool to create a tax efficiency and protection for your company.
Advantages of Shared Ownership
Example ABC Inc generates 1 million in gross revenues.
INCOME: Shareholder Harold Baker, age 43, male, pay’s himself a yearly average of $100,000, tax paid is $25,176.17 (B.C tax law).
USING DIVIDENDS: Harold would like to access an additional $20,000 per year average using dividends; tax paid $5,791.67 (B.C tax Law).
USING A SHARED OWNERSHIP PROGRAM: Harold can access $20,000 and pay approximately $1000 in tax (based on above scenario). “Shared Ownership could be the most tax efficient solution for your business.”