About IBC Financial

IBC Financial is a trade name of Canadian Wealth Creation Centre Inc., which was incorporated in 2016. The practice is based in Laval, Quebec, and serves clients in the provinces where its advisor holds a licence.

What the practice does

Two things, and it is worth separating them because they are often collapsed into one.

It designs and services insurance contracts. Participating whole life insurance, for families, incorporated professionals and business owners. The design work happens before a contract is issued and largely cannot be redone afterwards. The servicing work continues for as long as the contract does, which is usually decades.

It teaches. This website, and the material behind it, exists to explain how these contracts work and where the approach does and does not fit. That teaching is not neutral, for reasons set out below, and the site says so on every page.

Every part of the work sits with the person authorised for it. Insurance is Jose Salloum's licence, and it is the centre of the practice. Mutual fund business is Michael Salloum's, under his own separate registration, so a household that wants both is served in one place by the right person for each. Tax filing and legal drafting stay with your accountant and your lawyer, and the practice works alongside them. That is how a file gets handled properly: not by one person claiming every field, but by each question reaching the person qualified to answer it.

Everything above is one company under two names, and the names do different work. The teaching carries the education name because that is what a reader is here for. The file, the contract and the obligation carry the company name because that is where they belong.

Licensing

Insurance is licensed provincially in Canada and the titles differ by province, which is why three appear rather than one.

Jose Salloum is a Financial Security Advisor (conseiller en sécurité financière) certified by the Autorité des marchés financiers in Quebec. In Ontario he is a Life and Accident & Sickness Insurance Agent licensed by the Financial Services Regulatory Authority of Ontario. In British Columbia he is a Life Insurance Agent licensed by the Insurance Council of British Columbia. Licensed since 2001. His personal licensing covers Quebec, Ontario and British Columbia only.

He also holds the Infinite Banking Concepts® Authorized Practitioner certification from the Nelson Nash Institute and the Certified Cash Flow Specialist designation. These are private certifications, not regulatory licences, and confer no government authority.

All credentials may be verified in the regulators' public registers. Each province publishes one, the register is the authority, and a certificate displayed on a website is not. The full detail, including the five dates that are commonly confused in this field, is on the author page.

On using this site, the accessibility statement describes the standard applied and how to tell us where it falls short.

How the practice is paid

By commission, from insurers, when a client purchases a policy.

That is stated here rather than buried, because it is the single most useful thing a reader can know about any practice of this kind. It means the practice is not a neutral party. It means this website, which is educational in content, is a marketing asset in function. And it means the material on it should be read with that in mind, which is why the site publishes the arguments against its own subject at the same length as the arguments for.

There is a practical consequence, applied as a rule rather than an intention. Where a page on this site describes a financial obligation, it names the obligation and does not name a product as the answer. Sizing a problem until it is felt and then arriving with the solution is the most common technique in this field, and its absence here is deliberate.

Who the practice works with

Households with durable surplus income and a horizon measured in decades. Incorporated business owners, where the analysis genuinely differs because it turns on how corporate surplus is taxed while held. Incorporated professionals with irregular income across a long career. Families thinking across generations.

And, frequently, people for whom the answer is no. That is a real outcome rather than a failed meeting, and it usually arrives in the first conversation rather than the third. Anyone with unused registered contribution room, anyone whose income is variable enough that a missed year is plausible, and anyone who may need their capital within a few years is better served by hearing that early.

The other professionals

A contract of this kind touches three professions, and the work is better when each one is done by the person qualified for it.

The insurance side is this practice. The tax side belongs to an accountant who understands how these contracts interact with the Canadian framework, which is specialised knowledge that many capable accountants have never had reason to acquire. The legal side belongs to an advisor who deals with ownership structure, beneficiary designation and how proceeds interact with an estate.

What matters is that a client knows to ask. A structure built with one profession involved and two assumed has two unexamined halves.

The French property

The French counterpart is Financière CBI, at financierecbi.com, and it is a separate site rather than a translated section of this one.

That separation is deliberate. Insurance titles are provincial, French regulatory language in Quebec is not a translation of the English, and a bilingual site that merges the two eventually shows the wrong title to the wrong reader. Keeping them apart means each is written for its own jurisdiction.

Where to find things

Advisors at the practice have their own pages: Jose Salloum and Michael Salloum.

The learning centre indexes everything on the site by subject. Becoming a client sets out what actually happens after a first conversation. Contact has the address, the telephone number and the email, with no form standing in front of any of them.