Death & Taxes Part 2 - Life Insurance to Create Estate Liquidity
Death and taxes: two certainties—only one comes with a legal strategy.
What happens when Canada’s tax system collides with the death of a business owner? In Part 2 of our Death and Taxes series, financial planner Mehul Gandhi shifts from host to guest as wealth advisor Joe Basque leads the conversation. Together, they unpack the “tax bomb” that often awaits successful business owners and their families—and why traditional estate planning falls short.
From deemed dispositions to double taxation inside corporations, Mehul explains why wealth built in HoldCos and OpCos is vulnerable without proactive planning. They explore why life insurance can (but isn’t always) the answer, and how a lack of liquidity can create devastating challenges for executors and families.
If you’re a Canadian business owner—or advise one—this episode will change how you think about death, taxes, and protecting family wealth.
This podcast episode has been prepared by Mehul Gandhi, CFP®️, CLU®️, TEP an Estate Planning Specialist and Senior Insurance Advisor for Westmount Wealth Planning Inc. Westmount Wealth Planning Inc. is a subsidiary of Westmount Wealth Management Inc. Westmount Wealth Management Inc. is registered as a Portfolio Manager in British Columbia, Alberta, and Ontario.
This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation.
