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

30/08/2022 26 min

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

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

Episode Synopsis


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