Ep. 65 - Trusts, Vortex Banking & Infinite Banking: What Works in Canada?
Description
In Part 1 of this special series, Winnie Lau sits down with Chris Thompson of Equitable Life of Canada to demystify the role of trusts in Canada — and why U.S.-style strategies like vortex banking and spendthrift trusts don't translate north of the border.
You'll learn:
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The truth about U.S. spendthrift trusts and why CRA rules make them very different in Canada
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When a trust is worth setting up — and when it's not
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How inter vivos and testamentary trusts work
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Why trusts are a tax deferral tool, not a magic tax loophole
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How estate freezes and the 21-year rule fit into Canadian tax planning
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The privacy advantages of trusts compared to wills
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Why your advisory team (lawyer, accountant, IBC advisor) must be aligned from day one
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How permanent life insurance supports advanced estate planning and liquidity needs
Whether you're a farmer, rancher, business owner, or simply looking to protect and transfer wealth, this episode gives you the Canadian facts — with plain-language explanations and practical next steps.
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