As Canada-US relations continue to create financial anxieties, Chris Karram, Founder and Managing Partner of SafeBridge Private Wealth, says now’s the time to reevaluate where and how you’re investing. “We’re searching for certainty in the middle of uncertainty. I think realistically, that’s the story. Everyone is just trying to figure out what’s next in this crazy climate. No one knows just what to expect.”
At SafeBridge Private Wealth, Chris and his team help their clients build a safe bridge amid turbulent economic waters, helping them reach their goals through financial advice, insurance for tax and estate planning, tax-free wealth building, and lending.
While talks of tariffs are on the tip of everyone’s tongues, Chris says it’s worth shifting focus. Rather than concentrating on the tariffs that have led to this uncertainty, focus instead on tax-mitigating investment opportunities that will grow your capital.
“With the right strategies, you can ensure the money you earn is working for you,” he says.
There are only three main tax-free assets available in Canada, so proper planning and structuring are essential for keeping more of your wealth. These assets are your home, your tax-free savings account (TFSA), and a tax-exempt, cash-value life insurance policy.
“There’s a lot of uncertainty, as we mentioned, but life insurance can solve a lot of that through tax shelters while offering protection for your family, your capital, and your wealth.”
While life insurance is often thought of as a product, Chris says life insurance as an asset class has been used for tax-free investing for over 175 years in Canada. You can invest personally or corporately without any maximum contribution limits. Best of all, he adds, life insurance can offer a higher interest rate than a GIC with the bonus of lower investment risk.
“With life insurance, you also can access your money tax-free without slowing down the compounding growth and future impact of those funds as well,” says Chris. “It’s a powerful tool, especially in times of uncertainty.”
This year, don’t let the market affect your growth trajectory. Let SafeBridge Private Wealth help you build, protect and multiply your wealth.
