Jake Lee - IG Wealth Management

Jake Lee - IG Wealth Management Financial Consultant, IG Wealth Management Inc.

When the first digit of my age changed, I suddenly realized something:I might actually be mortal. 😂Looking back now, I c...
03/17/2026

When the first digit of my age changed, I suddenly realized something:
I might actually be mortal. 😂

Looking back now, I can see how childish I was before that.

I’ve always had ambitious dreams — and I still do.
Sometimes it feels like letting go of those dreams would be the ultimate failure. Maybe that’s why I refuse to release them.

And yes, I know I’m still very young.
When that digit changes again in another decade, I might look back and think, Wow, I was still so young back then.

But what I’m realizing more clearly now is this:

Time doesn’t fly like an arrow.
It flies at the speed of light. (I mean quite literally at that speed, maybe not exactly ‘flying’)

All those dreams, plans, and promises we make to ourselves and to our loved ones — they need to be fulfilled sooner than we think.

What I can no longer afford is not the risks.

What I can no longer afford is kicking the can down the hallway, because sooner or later, the hallway runs out.

So let me ask you:

What are you kicking down the hallway?

Why not make up your mind and take action today?

Because I’m sorry to say this

but your hallway is running out too.

03/13/2026

In estate planning, it’s not about how much you make—it’s about how much your family keeps.

Permanent life insurance is one of the few instruments in Canada that allows for the tax-free transfer of significant wealth. By funding a policy using assets you likely won't deplete during your lifetime (like RRSPs, RRIFs or non-reg investment accounts), you are:

- Discounting your future tax bill.
- Creating immediate liquidity for your heirs.
- Bypass the probate (meaning no probate fees).
- Guaranteeing a legacy that the CRA can’t touch.

It is simple, guaranteed, and incredibly effective.

Want to see the math? Let me know, and I’ll send you a breakdown of how this conversion works in real-time.

03/11/2026

It’s unfortunate that one of the most powerful tax-planning tools in Canada is often reduced to a simple sales transaction.

It’s a missed opportunity I see far too often. Life insurance is frequently marketed as a standalone "safety net"—a basic product sold on fear or obligation.

It is rarely positioned for what it actually is: A sophisticated, tax-exempt asset class.

When life insurance is sold in isolation, without considering your projected tax liabilities and your corporate structure, it isn't a strategy. It's just a bill you pay every month.

I find it sooo regrettable when I see families with complex wealth structures holding "off-the-shelf" policies that don't talk to the rest of their financial plan. You deserve better than a transaction; you need an integration.

Your insurance should work with your plans, not just sit beside them.

If you’ve never had your coverage reviewed through a tax and estate planning lens, let’s change that. I’m happy to offer a second opinion on how your current assets can be optimized for the next generation. 👇

03/09/2026

How I am helping my client save almost $2 million in taxes on the estate.

Recently, I worked with a successful entrepreneur whose wealth was largely held inside a private corporation.

Like many business owners in this position, the concern was simple:
“How much tax will CRA take away when I’m gone?”

When I first analyzed the situation, I explored several strategies—insurance solutions and other complex planning structures. But after running the numbers carefully, none of them produced the best outcome. In fact, they would have added high cost and complexity.

Instead, the best solution turned out to be something much simpler.

We designed a purposeful, long-term plan to gradually distribute corporate assets to the personal side during his lifetime. By managing the timing and structure of those distributions properly, the projected tax on the estate drops by almost $2 million.

No complicated structures.
No expensive strategies.
Just thoughtful planning and care.

This is a good reminder that the best strategy is not always the most complex one—it’s the one that truly fits the client’s situation.

Many entrepreneurs have millions of dollars trapped inside their corporations without realizing the tax consequences their estate could face later.

If you’re a business owner and most of your wealth sits inside your company, it may be worth reviewing your strategy.

đŸ“© Send me a message or book a meeting if you’d like to explore what proactive planning could do for you and your family.

03/06/2026

Entrepreneurs have a lot of flexibility when it comes to managing their finances and building wealth.

And flexibility is really just another word for decisions.

Just like Spider-Man’s famous line — “With great power comes great responsibility.”
For entrepreneurs, great flexibility comes with important decisions
 and different consequences.

One of those classic decisions that everyone talks about — and the answer is always “it depends” — is:

Should I pay myself dividends or salary?

Here’s another way to think about that question. It can make the answer a little clearer.

Do I want to
- Save a bit of income tax this year,
- Make slightly stronger corporate financial statements, and
- Make a little less administrative work (no payroll, no T4 for yourself, fewer CRA remittances)?

In exchange for:
- Opting out of CPP contributions,
- Giving up RRSP contribution room (and needing other strategies to save for retirement and taxes),
- Potentially reducing borrowing power with major financial institutions, and
- Possibly missing out on certain tax credits?

Of course, it doesn’t have to be all or nothing. Most likely, a combination of the two will make the most sense.

But the key question is:
Has anyone actually walked you through these decisions and the long-term consequences?

If your accountant or financial advisor has never brought this up, bring it up with me.

The right decision today, tomorrow and on will make a very big difference 10–20 years from now.

02/24/2026

What does the $33,810 RRSP annual contribution limit mean for business owners?

Well, it means CRA will incentivize entrepreneurs to declare up to $187,833 in salary while earning CPP as part of their retirement income and getting an easy indisputable tax deduction of $33,810 and get $13,971 of tax refund you can spend on...

maybe a family trip to Hawaii in this spring break or...

maybe a special anniversary gift for your spouse or...

maybe a life insurance premium to significantly reduce or elimitate your tax burden on estate or...

maybe a new motorcycle or...

maybe paying down the mortgage or...

maybe a down payment on a vacation property or...

maybe just an extra savings in your tfsa or....

I ran out of ideas but I am sure you will have good ideas as an entrepreneur right???

Share with me what you would do 😉

02/20/2026

I’m surprised I’m still getting this question in 2026:

“Is an RRSP worth it?”

I always respond with a question of my own:

Would you take $1,000 today and only have to pay it back 20 years from now—with no interest?

Most people say yes. And everyone says yes when I change the $1,000 to $100,000.

That’s essentially what an RRSP does. It allows you to defer taxes today and pay them back decades later—without interest. If planned properly, you will likely even end up paying back less than you initially saved.

The RRSP contribution deadline is March 2.

Make it count.

02/18/2026

What do Nokia, Sony, and Nintendo teach entrepreneurs today?

Most people see them as giants today. But every one of them went through tough chapters along the way. Their stories started very differently.

Nokia began as a paper mill and rubber boot company. After years of ups and downs, they’ve reinvented themselves as a global network technology leader.

Sony once tried to build a rice cooker that failed. Today, they’re setting new profit records.

Nintendo started as a playing card business in the 1800s—long before video games even existed.

Each of them pivoted, failed, and reinvented themselves before becoming massively profitable.

Because the world is constantly changing, your business must evolve too if you truly want to build a lasting legacy.

But how do you filter through all those opportunities?

If you are thinking this, it is time to turn to professionals. You can build a diversified investment portfolio alongside your business, even in the most tax-efficient manner.

It creates new opportunities, reduces risk, and helps turn business success into a lasting legacy.

If most of your net worth is tied up in your company, it may be time to build your second engine.
Message me or comment “PLAN” if you’d like to see what you can do.

Ever notice how December has a way of revealing the things we’ve ignored all year?I was digging through holiday boxes la...
12/03/2025

Ever notice how December has a way of revealing the things we’ve ignored all year?

I was digging through holiday boxes last weekend and found a bunch of stuff I didn’t even remember owning. A good reminder that what we don’t deal with eventually shows up
 usually at the worst time.

For many entrepreneurs with wealth in a corporation, year-end is exactly when the hidden estate tax problem becomes real.
Not dramatic. Not urgent—until it suddenly is.

A quick year-end review can save your future self (and your family) from surprises they never saw coming.

If you want clarity heading into the new year, let's have a chat!

I was working on a 1,000-piece Moraine Lake puzzle recently. Thought I was up for the challenge
 until every piece looke...
05/09/2025

I was working on a 1,000-piece Moraine Lake puzzle recently. Thought I was up for the challenge
 until every piece looked like sky or trees.

My wife walked by and said, “Need professional puzzle help?” 😅
Funny how that applies to more than puzzles.

Most entrepreneurs have financial pieces scattered everywhere—an accountant here, an advisor there, a legal doc saved in a folder somewhere. But when no one’s looking at the whole picture, things don’t always click.

When all the pieces do fit together though? That’s when clarity (and confidence) finally show up.

đŸ“© If you want to see your full financial picture come together, let's chat.

A friend of mine recently shared a painful lesson—one that too many entrepreneurs face.He had over $300,000 sitting in h...
05/07/2025

A friend of mine recently shared a painful lesson—one that too many entrepreneurs face.

He had over $300,000 sitting in his corporation for years. He figured it was safe there, and he liked the idea of keeping his personal income taxes low
 until he went to buy a new home.

To make the down payment, he had to pull that money out personally.

The result? A massive tax hit. The kind that feels like you're buying two houses—one for you, and one for CRA.

This is the trap a lot of business owners fall into: parking excess funds in the corporation without a real strategy. Sure, it might feel tax-efficient in the short term, but without a plan, that money can become a ticking tax bomb.

There are better ways.
Tools like corporate-owned life insurance, tax-sheltered investment products, and capital dividend strategies can help you grow that money, access it when you need it, and minimize taxes along the way.

If you’re building wealth inside your corporation, make sure it’s actually working for you—not just waiting to be taxed later.

“Everyone must choose one of two pains: the pain of discipline or the pain of regret.”Saw this on social media and could...
05/03/2025

“Everyone must choose one of two pains: the pain of discipline or the pain of regret.”

Saw this on social media and couldn’t stop thinking about it.

Not every discipline requires daily effort. For many of my clients, two focused meetings a year have helped save hundreds of thousands—sometimes more.

Small, intentional choices today can completely change the outcome tomorrow.

If you’ve been meaning to get serious about your financial future, maybe it’s time we talk.

Address

1800-666 Burrard Street
Vancouver, BC
V6C2X8

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+16042830988

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