Farming Without the Bank in Canada: What's Different (And What Could Cost You) (Ep. 351)
About this episode
This episode discusses the differences in the Infinite Banking Concept between Canada and the US, highlighting potential tax implications for Canadian farmers.
Canadian IBC warning! Policy loans can trigger taxes—know ACB before it costs you. 👉 Follow Mary Jo Here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 In Canada, borrowing from your whole life policy could become taxable income if you're not careful. Most farmers and ranchers north of the border don't know about the Adjusted Cost Basis (ACB) — and it could cost them. In this episode, MJ sits down with Lacy of Ranch Your Way to break down exactly how the Infinite Banking Concept works differently in Canada, what traps to avoid, and why understanding agriculture is non-negotiable for any financial advisor serving farm and ranch families. Lacy brings a rare combination of boots-on-the-ground ranching experience and deep financial expertise. A Texas-born horsewoman who married a Canadian rodeo cowboy and now runs cattle on a family ranch established in 1910, Lacy understands the agricultural world from both sides of the fence — literally. Together, MJ and Lacy explore the critical differences between US and Canadian infinite banking policies, the realities Canadian farmers are facing with new government regulations, and why protecting your family legacy requires more than…
More episodes of Farming Without the Bank Podcast
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- Doug Ferguson: Don't Ignore This Hidden Cattle Market Signal! (Ep. 357)
- Only 1% of Farmers Will Take This Action Financially (Ep. 356)
- He Never Missed a Payment — The Bank Still Cut Him Off (Ep. 355)
- Farm Families Are Breaking (Ep. 354)
- The Tax-Free Money Secret (Ep. 353)
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