Archive For The “10/8” Category
I have said last year that the past is catching up with the insurance industry and that this industry must clean up its act. Before we discuss the implications of the new concept of a tax avoidance policy, it is necessary to understand why such a provision was deemed to be necessary. There are two…
Advisor.ca has just published a very one sided text regarding the 10/8 arrangement. http://www.advisor.ca/news/industry-news/should-clients-drop-108s-112572?goback=%2Egde_1869364_member_228946716 The 10/8 arrangement were Tax Avoidance strategies pure and simple. The 10 percent investment rate and 8% loan were purely artificial. These were not the actual rates available in the market. The only reason that the 10% and…
