www.TAX FREE MONEY. info
Getting the most tax free dollars from your Group and 
Corporate insurance Program
 
Ken Armstrong 
Insurance & Financial Services
Milton, Ontario 
905-878-0951
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Steve is self employed small business owner

 Steve is a 46 year person , owns his own business**, and is making a reasonable income maximizing his business deductions, which leaves him with a minimum income for income tax purposes.   HIs major concern is only for his health should end up having, a stroke, heart attack, cancer, etc.  how it would effect his business and his employees.  The business can make the deposits into the account and as Steve is the beneficiary of the account he will received the proceeds tax free. He would like to be in a position if he were to have an critical illness that enough  tax free dollars  are available to pay off his debts and he could then survive a short term illness to keep his company going or be in a position to sell the company to provide additional funds depending on the severity of his illness.
 
 
Year
Monthly Deposit into account
 Tax Free Dollars Required
Tax Free Dollars to Estate
Tax Free Dollars to Steve*
1
156.60
$100,000
$1,740
2
156.60
$100,000
$3,480
3
156.60
$100.000
$5,220
4
156.60
$100,000
$6,960
5
156.60
$100,000
$8,700
6 -10
156.60
$100,000
$17,400
$13,050*
11-15
156.60
$100,000
$26,100
$19,575*
16-20
156.60
$100,000
$34,800
$26,100*
21-25
156.60
$100,000
$43,500
$32,625*

* Should Scott wish to discontinue his coverage or not require the tax free dollars in the future he can request a refund of 75% of his deposits,  or 100% return of his deposits tax free @ age 75

**  Note this concept can be arranged to fund a buy-sell agreement in the event of either partners  critical illness.

Disability Tax Credi