Ep. 65 - Trusts, Vortex Banking & Infinite Banking: What Works in Canada?
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:
The truth about U.S. spendthrift trusts and why CRA rules make them very different in Canada
When a trust is worth setting up — and when it's not
How inter vivos and testamentary trusts work
Why trusts are a tax deferral tool, not a magic tax loophole
How estate freezes and the 21-year rule fit into Canadian tax planning
The…
The skinny
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