The Tax Shelter You Didn't Know Existed
Permanent life insurance isn't just protection—it's the third tax vehicle after TFSA and RRSP. No annual cap. Tax-free growth. Tax-free payout.
Tax Savings Calculator
See Your Potential Tax Savings
Future Value
$1.6M
Taxable Growth
$1.1M
Potential Tax Saved
$298K
With exempt life insurance strategy
The Third Tax Vehicle
Why high earners add exempt life insurance to their strategy.
| TFSA | RRSP | Exempt Life | |
|---|---|---|---|
| Annual Limit | $7K | 18% | None |
| Tax on Growth | None | Deferred | None |
| Withdrawal Tax | None | Income tax | None* |
| Death Benefit | Taxable | Taxable | Tax-free |
| Creditor Protection | |||
| Bypasses Probate |
*Up to adjusted cost basis. Consult advisor for details.
How It Works
Four steps to shelter your wealth from unnecessary taxation.
Redirect Assets
Move investments or corporate earnings into a permanent life insurance policy.
Tax-Free Growth
Cash value compounds without annual taxation. No T-slips. No taxable income.
Access Funds
Withdraw tax-free up to your ACB, or use policy as bank loan collateral.
Transfer Wealth
Death benefit pays 100% tax-free to beneficiaries, bypassing probate.
For Business Owners
Extract Corporate Wealth Tax-Free
Holding retained earnings? Extract that wealth without triggering personal income tax.
Corporate Retained Earnings
Redirect profits into an exempt policy—not subject to passive income rules.
Capital Dividend Account
Insurance proceeds credit your CDA for tax-free dividends to shareholders.
Immediate Financing
Use policy as collateral for bank loans. Repay from death benefit.
Succession Planning
Fund buy-sell agreements and ensure smooth ownership transitions.
Client Stories
Hear From Our Clients
Michael L.
Business Owner
“Saved $180K in taxes over 5 years”
Sarah C.
Medical Professional
“Finally a strategy that makes sense”
David & Lisa W.
Retired Couple
“Tax-free transfer to our children”
Google Reviews
What Our Clients Say
Based on 47 reviews
James T.
2 months ago
Exceptional service. Henry explained the exempt insurance strategy clearly and helped us save significantly on taxes. Highly recommend for anyone with substantial assets.
Michelle W.
3 months ago
Finally found advisors who understand the needs of high-income professionals. The corporate structure advice alone was worth it. Very knowledgeable team.
Kevin L.
4 months ago
PlantaX helped restructure my business finances and implement a tax-efficient wealth transfer strategy. Professional, thorough, and always available.
Diana C.
5 months ago
As a physician, I needed specialized tax planning. The team at PlantaX delivered beyond expectations. The IFA strategy is brilliant.
Book Your Free Consultation
Explore whether exempt life insurance fits your tax strategy. No obligation.