How Select From Your Canadian Tax Software Packages: Difference between revisions
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Latest revision as of 15:01, 16 May 2026
Offshore tax evasion is crime in several onshore countries and includes jail time so it should be avoided. On the additional hand, offshore tax planning is Not really a huge crime.
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In our software company there are two methods to build wealth and of which may be through intellectual property and maintenance deals. These two things used together will build a credit repair professional that could be sold for 2-4X net income. Now to foster that investment with leverage, I take advantage of the "Infinite Banking Concept" to lend money on the business through "my own bank." Now the transfer pricing money the business pays me comes back as investment income thus lower income taxes. The new revenue the additional maintenance contracts bring foster new deals. The next step is to use "good debt" to leverage our coverage and get more maintenance contract revenue with our software console.
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In summary, you cash in enterprise and hold it in passive successful assets using good leverage, velocity cash and compound interest.
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