Canadian Corporation tax optimization Strategy with Immediate Financing Arrangement

By: Kanwaljit (Sunny) Kochar

Published on: 12/05/2023

An IFA is a practice whereby you take out a premium life insurance policy that has a cash building component, such as an exempt whole or universal life insurance policy, and then directly use the policy as collateral to obtain a loan. How the IFA works to help you get more tax deductions?