Infinite Banking for Canadians - Is it for you?
Build Your Wealth & Save Taxes in a Proven, Safe and Simple Way
What is Infinite Banking?
The short, technical answer: the Infinite Banking Concept is an over-funded, participating whole life insurance policy that you can use to finance the major purchases in your life.
It is a concept made popular by the book “Becoming Your Own Banker: Unlock the Infinite Banking Concept” by R. Nelson Nash. There are other names for this strategy, depending on which book or website you read including Bank on Yourself, Cash Flow Banking, Private Family Banking, Immediate Financing Arrangement and many more. They are all essentially the same strategy with different names used for marketing purposes.
Can It Work for My Family in Canada?
Yes it can work for your family in Canada.
Note: There are some important differences from policies issued in the United States. It's important to work with an approved Infinite Banking practitioner who understands the details and nuances of this strategy and how it works for Canadians.
Top 10 Benefits of Infinite Banking in Canada
- Earn a safe and consistent dividend
- Comes with guarantees on your money
- Private & creditor protected
- Not tied to the volatile stock market
- You own permanent insurance as an asset class
- The growth is tax efficient
- Take advantage of compound interest working for you
- Very liquid
- Build wealth generationally
- Each member of the family can benefit – but you keep control
Next Steps:
Since 2011, we've helped 100s of Canadian families and business owners set up the Infinite Banking Concept the right way. We are official Authorized IBC Practitioners with the Nelson Nash Institute click to verify here.
To discuss if this financial concept can be right for you, schedule a no pressure Discovery call with our advisors. We will let you know if this concept is a good idea for you or not. We have no pushy salespeople on our staff.
Related Insights
How to Borrow from Yourself Safely Using Life Insurance
High-income Canadians know the value of liquidity—but too often, accessing capital means triggering taxes, taking on debt, or selling investments at the wrong time. What...
Are You Ready for the Strategy You Want?
We've noticed a pattern in client meetings over the past few weeks that we want to talk about openly. Business owners are coming in excited about...
RRSP vs. TFSA: Which Is Better for High Income Canadians
If you're a high-income Canadian, here's the truth: using RRSPs and TFSAs the wrong way could mean paying far more to the CRA than you...
The Million Dollar Baby Plan: Grow a Legacy for your Children
What if the birthday gift you gave your child today could turn into a million-dollar asset tomorrow? That's the idea behind the Million Dollar Baby...
Before You Sell Your Investments, Read This.
Markets are down, your portfolio took a hit, and you're wondering—should I sell now and cut my losses? Stop. Because selling during a market downturn...
Why Life Insurance Isn't Just for When You Die
If you think life insurance is something you'll never personally benefit from, you're missing the bigger picture. Permanent life insurance can provide liquidity, protect your...
Whole Life Insurance vs. Universal Life Insurance
Permanent life insurance can double as a powerful wealth-building tool—but not all policies are created equal. If you're an incorporated Canadian professional or business owner...
How Dollar‑Cost Averaging Is Helping Canadians Build Wealth
Between work, family, and everything else life throws at you—who has the bandwidth to watch the stock market every day? If you're a busy Canadian...
Must-Know Strategies for Business Owners Right Now
Over the past few weeks, our client meetings have shifted into a higher gear. The conversations we're having aren't about the basics anymore — they're about optimization. Business owners who already have insurance,...
Using Life Insurance to Fund a Buy-Sell Agreement
Imagine one of your business partners passes away tomorrow. Suddenly, their spouse or their kids own a share of your company—and you're expected to buy...
5 Mistakes High-Income Canadians Make With Their Wealth Plans
If more money automatically meant more wealth, every top-earning Canadian would retire stress-free. But that's not reality. The gap between earning well and building lasting...
What are Notional Accounts and How do They Work in Canada
If you've wondered what are Notional Accounts and how do they work in Canada, this is the post for you. Most incorporated Canadians are great...
