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The Corporate Income Tax Optimizer (CITO) is part of a dynamic planning approach offered by Desjardins Insurance. This concept is designed to help owners of incorporated businesses to assess the impact of passive investment income rules on their business and highlight the following benefits of taking out corporate-owned life and critical illness insurance:

• Retained earnings are reallocated to pay insurance premiums, which reduces the tax impact of passive investment income rules
• Death and critical illness benefits are non-taxable
• This approach can help to increase liquidity for future operations and provide potential retirement income for a shareholder or key employee of the business

It helps improve how a business manages risk in the event of death, critical illness or retirement of a shareholder or key employee.

Available products

• Life insurance with a business policyowner: term, permanent, participating whole life, universal life
• Critical illness insurance with a business policyowner: Health Priorities – Term and permanent
• Health Priorities – Business with Executive Health Plan (EHP) concept

Please let me know if you would like to discuss this sales concept further!