The Passive Income Trap Inside Your Corporation with Michael Baker
Your corporation earned passive income. Now the government wants a bigger cut of it — and most business owners don't see it coming.
In this episode, Martin sits down with Michael Baker, CPA, to break down Corporate-Owned Life Insurance (COLI) — the strategy accountants use to legally shelter passive income, access tax-free cash, and build wealth inside your corporation.
What we cover: • What the passive income threshold is and why it quietly erodes your small business deduction • How COLI moves investment income outside the passive income test • The Capital Dividend Account (CDA) — and how it…
The skinny
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