Ep. 65 - Trusts, Vortex Banking & Infinite Banking: What Works in Canada?

In Part 1 of this special series, Winnie Lau sits down with Chris Thompson of Equitable Life of Canada to demystify the role of trusts in Canada — and why U.S.-style strategies like vortex banking and spendthrift trusts don’t translate north of the border.

You’ll learn:

• The truth about U.S. spendthrift trusts and why CRA rules make them very different in Canada

• When a trust is worth setting up — and when it’s not

• How inter vivos and testamentary trusts work

• Why trusts are a tax deferral tool, not a magic tax loophole

• How estate freezes and the 21-year rule fit into Canadian tax planning

• The privacy advantages of trusts compared to wills

• Why your advisory team (lawyer, accountant, IBC advisor) must be aligned from day one

• How permanent life insurance supports advanced estate planning and liquidity needs

Whether you’re a farmer, rancher, business owner, or simply looking to protect and transfer wealth, this episode gives you the Canadian facts — with plain-language explanations and practical next steps.

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