From OpCo to Legacy: the hidden estate planning crisis for business owners (and how to fix it)Book a Discovery Meeting (early CTA): https://safepacific.com/discoveryIf you’re an incorporated business owner with money building inside your HoldCo, we’ll help you quantify the “tax time bomb” and map out options (CDA, insurance liquidity, estate freeze coordination, and more).In this talk from the Advocis Estate Planning Summit 2025, Robert Trasolini breaks down the hidden estate planning risk most business owners don’t see coming: double taxation on death (deemed disposition + extraction tax). You’ll learn how common corporate structures create massive deferred tax liabilities, how the passive income rules can quietly increase ongoing corporate tax, and where corporate-owned life insurance can add liquidity and CDA credits to improve after-tax outcomes for your family.Timestamps00:00 – Intro: Safe Pacific + focus on corporate insurance & wealth00:15 – “From OpCo to Legacy”: the estate planning crisis for owners00:44 – Typical structure: OpCo → HoldCo → (maybe) family trust00:55 – Why owners keep profits in the corporation (tax deferral)01:39 – The “tax deferral time bomb”: when the bill comes due (death)02:01 – The 3 core business-owner questions: Grow / Extract / Leave03:02 – Passive income rules (2017+) and why they matter03:24 – Small business rate vs general rate: the tax deferral advantage03:42 – Why corporate investing gets hit hard (no TFSA/RRSP in a corp)04:11 – Passive income grind: how $50k+ can reduce the SBD limit04:49 – Real-world example: $3M HoldCo → $150k passive income → big tax drag05:44 – “My money feels trapped”: challenges extracting corporate wealth06:26 – What happens on death: deemed disposition + second layer of tax06:58 – Example: $10M HoldCo → why total tax can exceed 70%08:41 – Solutions overview (high-level): strategies + where insurance fits09:39 – Why life insurance: liquidity + smoother transitions + CDA credits13:36 – CDA basics: what it is, how it’s calculated, why ACB matters15:08 – Why corporate life insurance works: tax-sheltered growth + access16:15 – The “doubling penny” slide: why tax deferral changes outcomes17:10 – Case Study #1: Warren (55) engineering firm + passive income problem19:18 – Solution: corporately-owned participating whole life + portfolio shift20:44 – Results: lower corporate tax + higher after-tax growth + future CDA21:03 – Case Study #2: John & Maggie (71) real estate HoldCo + $5M tax bill22:01 – Estate freeze + plan for known tax liability22:49 – Joint-last-to-die + one-time deposit funding approach (example)24:06 – IRR comparison: insurance vs a taxable GIC equivalent25:15 – Business owner checklist: tax bill, liquidity, CDA opportunities26:13 – Key line: “Don’t let CRA be your biggest heir.”26:31 – Live Q&A: pipeline planning, insurability, PAR vs UL, younger ownersKey takeaways:Many owners unknowingly build a large deferred tax liability inside the corp.Passive income can reduce access to the small business deduction, increasing corporate tax.On death, owners can face two layers of tax: the deemed disposition of shares and the tax on extracting corporate assets.Corporate-owned life insurance can provide liquidity at death and create CDA credits to help move assets to beneficiaries more tax-efficiently.Work with Safe PacificBook a Discovery Meeting: https://safepacific.com/discoveryWe’ll help you:estimate your tax exposure (now + on death),identify planning levers (CDA, insurance, corporate investing structure),coordinate with your accountant/lawyer on implementation where needed.DisclaimerThis video is for educational purposes only and is not tax or legal advice. Always consult your accountant and legal counsel for your specific situation.

Surviving a major illness isn’t the end of the story — it’s often the beginning of a whole new financial challenge.Every year, thousands of Canadians survive cancer, stroke, and heart attacks. Recovery can take months (or years), and the bills don’t stop. That’s where critical illness insurance can change the outcome: it pays a tax-free lump sum so you can focus on recovery without worrying about cash flow.If you want to see what coverage you can qualify for and what it would cost, book a discovery meeting here:safepacific.com/discoveryIn this video, Laurent Munier (Safe Pacific Financial) breaks down how critical illness insurance works in Canada, what it covers, who it’s for, and how to choose the right amount of protection as part of a smart financial plan — especially if you’re incorporated, self-employed, or a high-income professional.Join the conversationIf this video helped you:• Like the video• Subscribe for weekly Canadian insurance + wealth strategy breakdowns• Share it with a business owner or professional who relies on their income• Comment below with your questions — we read and replyTimestamps00:00 Why surviving an illness creates a financial problem00:19 What critical illness insurance does (tax-free lump sum)00:28 Meet Laurent + what you’ll learn in this video00:47 What critical illness insurance is (and how it differs from disability/health coverage)01:21 What makes it valuable: what the lump sum can actually be used for02:06 Why lowering stress matters during recovery03:27 What critical illness insurance covers (the big conditions)05:03 Why most claims come from a handful of conditions05:53 How we compare carriers and plan features (definitions, return of premium, waiting periods)06:40 Who should consider it (incorporated, self-employed, families, business owners)08:26 Using CI for debt protection, private care, and medical travel09:50 The “hidden” costs people don’t plan for (family travel, parking, meals, logistics)10:42 Why getting coverage while you’re healthy matters (risk stats and planning)11:34 How much coverage do you need (rule of thumb + real life factors)15:32 Common coverage amounts (group plans vs personal coverage)16:37 What critical illness insurance costs (what impacts pricing)17:53 What the application process looks like18:24 Return of premium: how it works and when it may or may not fit19:32 Where CI fits inside a financial plan (protection → savings → growth → tax/estate)20:31 A practical story: why insurance changes recovery decisions21:37 Next steps: get quotes, compare options, and book a discovery meetingBook a discovery meeting: safepacific.com/discoveryGET STARTED NEXT STEPS https://safepacific.com/discovery-schedule/SUBSCRIBE https://www.youtube.com/safepacific?sub_confirmation=1INSTAGRAM https://www.instagram.com/safepacific/LINKEDIN https://www.linkedin.com/company/safe-pacific-financial

Is Infinite Banking a Scam? Let’s Set the Record Straight!

You’ve heard the buzz about Infinite Banking, but is it truly a game-changing financial strategy, or just an overhyped scam? In today’s video, we’re tackling the debate head-on to uncover the truth behind this often misunderstood concept.

Hi, I’m Laurent Munier, partner at Safe Pacific Financial and certified by the Nelson Nash Institute of Infinite Banking. Over the past 14 years, we’ve helped 100s of Canadians set up Infinite Banking policies tailored to their financial goals. Let’s break down the myths, criticisms, and realities of Infinite Banking so you can decide if it’s right for you.

Set up an Infinite Banking meeting with Canadian experts here: https://safepacific.com/ibc-schedule/

Why Do Some People Call Infinite Banking a Scam?
Here are the top criticisms (and the truth behind them):

1. “You Could Make More Money Elsewhere” – Why this comparison misses the point and overlooks key benefits like tax advantages and uninterrupted growth.

2. “It’s Too Expensive” – Breaking down the costs of whole life insurance vs. term insurance (and why they’re not the same thing).

3. “It’s Too Complex” – We simplify the principles and show how the right advisor can make it easy.

4. “You Pay Interest to Use Your Own Money” – Why paying interest is actually a feature, not a flaw, of the strategy.

5. “Pushy Sales Tactics” – How some agents oversell Infinite Banking and why this strategy isn’t for everyone.

What Makes Infinite Banking Worth Considering?
Infinite Banking is a powerful financial tool for the right person. When implemented correctly, it offers:

• Uninterrupted Compound Interest: Grow your wealth without stopping the compounding process.

• Tax-Advantaged Growth: Enjoy benefits that traditional investments can’t match.

• Financial Flexibility: Use your policy’s cash value to fund investments, business ventures, or major expenses—all while it keeps growing.

• Permanent Life Insurance: Build wealth and secure your family’s future with one strategy.

Is Infinite Banking Right for You?
This strategy isn’t for everyone, and that’s okay! It’s best suited for individuals with strong financial habits, consistent cash flow, and a desire for long-term wealth-building. If you’re still building your financial foundation with tools like a TFSA or RRSP, those are great starting points before considering Infinite Banking.

At Safe Pacific, we ensure Infinite Banking aligns with your goals, and we’ll let you know if it’s not the right fit for you. No pressure, no rush—that’s our promise.

Want to Learn More?
Set up an Infinite Banking meeting with Canadian experts here: https://safepacific.com/ibc-schedule/

If you found value in this video:
Hit Like
Leave a Comment
Subscribe
Share this video with anyone curious about Infinite Banking!

Blog: https://safepacific.com/infinite-banking-is-a-scam/
LinkedIn: https://www.linkedin.com/company/safe-pacific-financial
Instagram: https://www.instagram.com/safepacific/

What happens to your household… and your business… if you suddenly can’t work?For self-employed Canadians, incorporated professionals, and business owners, your income isn’t just a paycheque — it’s the engine behind everything: your mortgage, your lifestyle, your retirement plan, and often your company’s overhead.In this video, Laurent Munier (Partner & Advisor at Safe Pacific) breaks down how disability insurance works in Canada, why it’s one of the most overlooked (and most claimed) forms of insurance, and how to build the right policy around your occupation, income, and long-term plan.We cover the real-world differences between short-term vs long-term disability, what “own-occupation” actually means, how much coverage you can qualify for, and how to structure the policy so it actually does what you need it to do when it matters.If you’re building wealth, but you haven’t protected the income that builds it, this is where you start.Book a free consultation: safepacific.com/discoveryIf this video helped you, please support the channel:• Like the video• Subscribe for weekly videos on Canadian insurance and wealth strategy• Share this with a business owner or professional who needs income protection• Comment below with your questions — we read and replyTimestamps:00:00 Intro: What happens if you can’t work?00:18 Meet Laurent + why income protection comes first00:39 What disability insurance is (and what it isn’t)01:34 Who needs disability insurance most02:22 The “1 in 3 Canadians” risk (and why it matters)02:47 Why disability is the most claimed — and least sold04:10 Short-term vs long-term disability in Canada06:05 How long-term disability works (waiting periods + payouts)08:06 “Own-occupation” vs “regular” vs “any-occupation”10:17 How much disability insurance do you need?12:22 What expenses your coverage should actually protect13:30 Typical benefit amounts (and why tax-free matters)15:21 What disability insurance costs (and what affects pricing)17:32 How the application process works18:10 Key riders: future insurability, return of premium, residual disability20:01 Disability insurance as the foundation of a financial plan22:35 How to take next steps with Safe Pacific23:29 Like, comment, share, and subscribeGET STARTED NEXT STEPS https://safepacific.com/discovery-schedule/SUBSCRIBE https://www.youtube.com/safepacific?sub_confirmation=1INSTAGRAM https://www.instagram.com/safepacific/LINKEDIN https://www.linkedin.com/company/safe-pacific-financial

What You’re Getting Wrong About Infinite Banking: A Simplified BreakdownThink Infinite Banking is only for the ultra-wealthy or just another complex financial strategy? Think again. Infinite Banking is simpler than you think, and when done right, it can transform how you manage, grow, and access your wealth.Over the last 14 years, at Safe Pacific we’ve helped Canadians set up customized Infinite Banking policies tailored to their unique needs. Certified by the Nelson Nash Institute, we’re here to cut through the noise and show you how this strategy works—and how you can benefit.Set up an Infinite Banking meeting with Canadian experts here: https://safepacific.com/ibc-schedule/---What Is Infinite Banking?At its core, Infinite Banking leverages specially designed whole life insurance policies to create a personal “bank” you control. This strategy lets you:- Build a tax-efficient pool of capital- Borrow against your policy while it keeps growing- Take control of your finances without relying on traditional lendersIn This Video, We Cover:✅ Why Whole Life Insurance Matters – Why specially designed policies with high cash value growth are critical✅ The Power of Uninterrupted Compound Interest – Grow your money without ever interrupting the compounding process✅ Borrowing vs. Withdrawing – How leveraging your policy keeps your cash growing while giving you liquidity✅ Creating a Financial Cycle – How to save, spend, and grow wealth using a rinse-and-repeat system---What Makes Infinite Banking Special?1. Specially Designed Whole Life Policies: Maximizing cash value over death benefit—90%+ of your premiums accessible in the first year.2. Uninterrupted Growth: Your policy grows uninterrupted, even when you borrow against it.3. Flexibility to Use Your Money: Invest in your business, fund personal goals, or cover major expenses.4. Self-Sustaining Cycle: Borrow, repay, and repeat to grow your private “bank.”---What People Get Wrong:- “Why would I pay myself back?” – This mindset misses the whole point. Treat your policy loan like any other loan.- “There’s interest on loans!” – Of course, there is! The benefit is the uninterrupted growth of your cash value while you use the loaned money.This isn’t about cutting corners—it’s about building wealth smarter and staying in control.---Is Infinite Banking Right for You?At Safe Pacific, we’ve spent over a decade helping Canadians discover if Infinite Banking is the right fit for their financial goals. It’s not for everyone, and that’s okay. If we think it’s not a good idea for your situation, we’ll tell you.---Ready to Learn More?Visit [SafePacific.com](https://www.safepacific.com/) to book a consultation. Our team will get back to you within 24 hours (on business days) to chat about your goals and how Infinite Banking could fit into your strategy.---🎥 If you found value in this video, don’t forget to:- Like 👍- Comment 💬- Subscribe ✅- Share 📤 this video with someone who could benefit from taking control of their finances.Set up an Infinite Banking meeting with Canadian experts here: https://safepacific.com/ibc-schedule/Blog: https://safepacific.com/the-6-essential-principles-of-the-infinite-banking-concept-explained/LinkedIn: https://www.linkedin.com/company/safe-pacific-financialInstagram: https://www.instagram.com/safepacific/

Legal & Financial Planning for Business Owners | Safe Pacific Podcast ft. Steve ParrBook a meeting: https://safepacific.com/discovery-schedule/Read the blog: In this episode of the Safe Pacific Podcast, we’re joined by Steve Parr, lawyer, entrepreneur, and founder of Parr Business Law. We dive deep into the legal and financial strategies that business owners can use to build wealth, protect it, and pass it on effectively.This episode is packed with advanced insights on:Corporate structuring (OpCo–HoldCo–Trust)The Lifetime Capital Gains ExemptionEstate freezesDiscretionary family trustsShareholder agreements... and how all of this ties into tax efficiency and long-term succession planning.If you're a Canadian business owner planning for the future, this episode could save you millions in taxes and years of complexity.⏱ Timestamps00:00 – Intro: Why this topic matters04:40 – How legal + financial planning work together05:11 – Steve Parr’s background as a lawyer and entrepreneur06:14 – What Parr Business Law does: Corporate & estate planning07:18 – Lifetime Capital Gains Exemption (LCGE) explained08:55 – How to qualify for the LCGE (3 tests)10:00 – Structuring for tax efficiency with family members11:08 – Why HoldCos don’t qualify for LCGE11:42 – Using preferred shares & family trusts to multiply exemptions12:45 – How to keep cash flowing through a trust to a HoldCo14:25 – Signs it’s time to set up a HoldCo or trust15:29 – The 2-year LCGE clock & why timing matters16:40 – When retained earnings justify more complex planning17:47 – Real-world tax savings through proper structure18:52 – Why LCGE exists: Incentivizing entrepreneurship19:54 – What goes wrong: Clients waiting too long to plan21:00 – Canadian vs. American trust rules22:07 – Estate freezes explained (Section 86 rollover)28:42 – Using life insurance to cover future tax liabilities29:46 – The value of full disclosure to advisors30:50 – The big 3: Will, Power of Attorney, Representation Agreement34:00 – Why people avoid estate planning (and why that’s dangerous)35:34 – The power of having tough conversations early36:37 – Letting the kids "figure it out" = a bad strategy37:42 – Testamentary trusts for minor children39:51 – Business POA vs. personal POA40:25 – Secondary “business will” to avoid probate41:30 – What probate actually means for your company43:06 – Succession will happen—with or without a plan44:45 – Aligning financial and legal tools46:56 – Insurance: the logical next step in the plan48:28 – Why shareholder agreements are critical (4 Ds: death, disability, divorce, disagreement)53:52 – Valuing private company shares55:25 – Why internet templates don’t work for shareholder agreements56:28 – Key provisions to get right (e.g. Capital Dividend Account)58:24 – Final thoughts: Just get started🧠 You’ll LearnHow to structure your business for tax-efficient growthWhen and why to set up a family trust or holding companyHow to protect your family using estate planning & life insuranceWhat to include in a shareholders’ agreement (and why templates can backfire)How to multiply the Lifetime Capital Gains Exemption across your family🎙️ Guest:Steve Parr, Founder of Parr Business Law🌐 https://www.parrbusinesslaw.com📺 Parr Business Law on YouTube📍 Presented by Safe Pacific FinancialWe help Canadian business owners grow and protect wealth through insurance-based strategies and corporate planning.🌐 https://www.safepacific.com📌 Subscribe for more Canadian wealth & business strategies.👍 Like the episode if it helped you — and leave a comment with your thoughts!GET STARTED NEXT STEPS https://safepacific.com/discovery-schedule/SUBSCRIBE https://www.youtube.com/safepacific?sub_confirmation=1INSTAGRAM https://www.instagram.com/safepacific/LINKEDIN https://www.linkedin.com/company/safe-pacific-financial

Wealth Multiplier Podcast | "How Smart Canadian Business Owners Invest" with our guest Suzi Park of Harness Investment ManagementIn this episode of the Wealth Multiplier Podcast, we’re joined by Suzi Park, CFA Certified Financial Analyst and Portfolio Manager at Harness Investment Management, to explore what Canada’s top-performing business owners are doing to grow and protect their wealth.We dive deep into how Harness helps incorporated business owners, families, and professionals manage their investments with a strong focus on tax efficiency, private market access, and custom portfolio construction - all built on a modern, digital-first platform.Whether you're sitting on retained earnings in your corporation, looking for access to private investments, or want a better investing experience backed by top-tier expertise - this episode is for you.---Want to start investing with us?Schedule a call at https://safepacific.com/discovery-schedule/---What you’ll learn in this episode:- Why Safe Pacific works with Harness and how the partnership benefits our clients- How to invest retained earnings from your corporation with purpose and precision- What “private investments” really are - and why they matter- How tax efficiency can dramatically boost long-term wealth- What to expect when you open an account with a modern portfolio manager- The difference between core and focus strategies (yes, there’s a cake analogy)- How the investment process works from onboarding to long-term management- What Canadian business owners should look for in a portfolio managerSchedule a Discovery meeting here: https://safepacific.com/discovery-schedule/Full article here: https://safepacific.com/podcast/portfolio-manager-from-harness-investment-management-the-wealth-multiplier-podcast/Wealth Multiplier Book: https://safepacific.com/wealth-multiplier-book/LinkedIn: https://www.linkedin.com/company/safe-pacific-financialInstagram: https://www.instagram.com/safepacific/