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. Follow Ranch Your Way  Instagram: http://instagram.com/ranch_your_way YouTube: http://youtube.com/@WinEHpodcast Facebook: https://www.facebook.com/RanchYourWay   ► Learn more: https://www.ranchyourway.com ► Get the books: https://www.ranchyourway.com