Tax benefits of life insurance for business owners – Tax Tip Weekly

Many of us know the benefits of life insurance. Not only can it protect your family’s financial well being, it can help protect against income tax liabilities. As a business owner, there are additional tax-related advantages you may not be aware of. This video will highlight several key benefits that you can’t miss.

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Link back to this video:

0:16 – First benefit of life insurance for business owners
0:28 – Cash payout to corporation
0:40 – Second benefit
1:02 – Tip


The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.

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