SALARY CONTINUATION PLAN (SCP) - DISABILITY INSURANCE

If you are a dentist or someone who has a corporation who has key people running the office which would be financially destroyed by a disability like a cancer or serious car accident which left them unable to work. Here is an idea to further protect your best investment (yourself!)

How to set up a corporate Salary Continuation plan (SCP) Disability insurance

The corporation pays the monthly premiums as a deductible expense. The disability benefit is taxable to the employee (in this case the dentist).

At this point you could lower the taxes paid by putting this money into a RRSP and perhaps the new TFSA (Tax free savings account) - see my other website at www.mortgageplans.ca for more information. Advice from experts like a lawyer, accountant is important who have experience with a insurance consultat and financial advisor is highly recommended.

Please contact me for more detail!


Brian Poncelet, CFP
(905) 338-7689 (24hrs)
brian@Disability Insurance Quotes

***Owing to limited resources and time commitment, only people with family incomes of $110,000 or more should call.  (OR $60,000 in RRSPs)