The Spousal Loan
A Spousal loan is a financial tool used to shelter income from tax by transferring income from a high tax bracket to a low tax bracket through a loan. To learn more, please watch the video below:
The benefits of using a spousal loan are:
- They shelter income from tax
- They can generate investment income to the couple
- They are relatively simple to set up
To discuss how a Spousal Loan can fit into your overall financial plan, please contact us.