Henry Wong

My Journey

If you own a business, you have probably done what you were told. Earn more. Invest. Diversify. Buy some real estate.

So did I.

I started my career as a CPA, CA in 2006. My income climbed. On paper, it was working.

In real life, I was working longer hours and feeling less in control. Getting at my own money meant an approval, a restriction, or a tax bill. My savings and investments sat in different places, and none of them talked to each other. Inflation kept shrinking what was left.

Sound familiar?

By 2016, I could not ignore it. My income had grown. My control had not.

Here is what I wish someone had told me then. It was not a discipline problem, and it is not one for you either. Your banker, your CPA in tax compliance, your investment advisor and your lawyer each do their own job well. Nobody is paid to make the pieces work together. That gap is the problem. Not you.

What changed my thinking

In 2018, I was introduced to Becoming Your Own Banker® and the Infinite Banking Concept®.

It did not promise higher returns. It asked a better question. Who runs the banking function in your life: you, or someone else?

Here is why that matters to you. Once you see how financing really works, you can see the true cost of every decision to borrow, save or spend. You get to decide on purpose where your capital goes and when you can reach it.

It took learning and discipline. It has limits, and I will show you where they are.

Where you need to be careful

The concept is powerful, especially for Legacy Continuity.

But a concept is not a design.

Once your corporation is involved, the Income Tax Act has a say in almost every move. Who owns each policy. Who pays for it. How money comes out. What happens the day you are not here.

At the centre of it is a number most owners have never heard of: the adjusted cost basis, or ACB. Every policy has one, and it moves every year. It drives how much tax shows up when money comes out or a policy changes hands, and how much can leave your company tax-free when you are gone.

So your policies cannot just look good on day one. As a system, they have to hold up under Canadian tax law for decades.

Here is the trap. Most people assume someone is watching that number. The advisor hands it to a CPA in tax compliance. The CPA assumes the advisor has it covered. I say this with respect, because I have personally trained over ten thousand CPAs across Canada: most were never trained on this. It is not their fault. It is not part of the standard path.

So ask whoever designs your policies one question. Have you handled this yourself, or are you passing it along and hoping?

Why my background matters to you

Running one business on your own is one thing. Orchestrating a family enterprise is another. More people. More companies. More policies. More places for one wrong assumption to hide.

That is the room I have worked in. I was the first CPA, CA recognized with the Nelson Nash Institute. Twenty years in practice. Work done at the scale and rigour of a public company like Rogers, where every number is tested by auditors, regulators and a board. Time across the table from some of Canada’s most prominent families. That kind of scrutiny is a training ground many advisors never get.

I am a CPA, CA, but not the kind who files returns. I build the structure around the concept, so it holds up inside your company, under Canadian tax rules, and for the next generation.

Would you rather find the weak spot now, or have your family find it later?

How I work with you

I teach first. You should understand the framework, the trade-offs, and where it does not fit before you decide anything. If it is not right for you, I will tell you.

Good preparation looks at your whole picture, not one piece. How you reach your capital. How cash moves between you and your company. How taxes, inflation and risk wear on what you have built. How it passes on.

I work alongside your CPA in tax compliance and your lawyer, never around them. But the design does not get handed off and hoped on. It stays with me.

That is the thinking behind my book, The 7 Structures of Wealth. Structure creates wealth. Wealth does not create structure.

In plain words

What I share here is education, not personal advice. Your facts, your company and the tax rules change over time, so get advice for your own situation before you act.

Your move

You can keep earning more and hope the pieces line up. Or you can get prepared and build it on purpose.

When you are ready, start with the book, or reach out and tell me what you are seeing.

Henry Wong, CPA, CA
Author, The 7 Structures of Wealth and Keep Taxes Away From Your Wealth
Educator and Practitioner of Infinite Banking Concepts