Richard Canfield

Leading Authority and Educator in the Infinite Banking Concept

Richard Canfield is a Canadian authority on the Infinite Banking Concept (IBC), specializing in adapting and teaching the process for Canadian families and professionals.
As an Authorized Infinite Banking Practitioner with the Nelson Nash Institute® (NNI), he helps clients gain financial autonomy and create generational wealth through the strategic use of whole life insurance.

Richard Canfield

Professional Background and Entry into IBC

Canfield’s interest in finance began early. Nicknamed “The bank” in his family, he developed a natural tendency toward saving and lending money.
At 18, the realization of how banks profit through interest, while purchasing his second rental property, sparked his deeper financial curiosity.
He initially trained as a Journeyman Electrician and later became a licensed Realtor in Edmonton in 2008, focusing on helping first-time investors. His hands-on experience in real estate and cash flow management set the foundation for his later work in financial strategy.
A pivotal moment came in 2009 when he read Becoming Your Own Banker by R. Nelson Nash. The experience prompted a full shift in his financial philosophy and led to his lifelong commitment to IBC education.

Mentorship and Influence of R. Nelson Nash

In 2012, Canfield began a close mentorship with Nash, who personally endorsed him as a top practitioner and communicator of the IBC philosophy. Nash once stated:

“Richard understands this system as well as or better than anyone I’ve ever taught… he’s a genius at teaching it to others.”

Canfield was the 11th person globally authorized by NNI and remains actively involved in the organization. He helped co-create the 2017 documentary This is Nelson Nash, which preserves the founder’s message, and continues to serve as a Mentor and Practitioner Council Member.

In 2024, he contributed to developing the NNI Coaching Academy—a program to train current and future practitioners in Nash’s original vision and methods.

Richard Canfield

Teaching Approach and Philosophy

Richard Canfield

Canfield emphasizes that banking is a function, not a product, and advocates for individuals to reclaim that function personally. He educates clients using analogies and tools that make financial concepts accessible, focusing on:

  • Control of capital and cash flow.

  • Structuring participating whole life insurance policies correctly.

  • Tax-advantaged, uninterrupted growth.

  • Shifting the mindset to view premiums as financial assets.

He works with clients who are committed to mastering their financial future and implementing IBC principles with long-term discipline.

Books, Media, and Public Presence

Canfield is the co-author of several financial books, including:

He co-hosts the podcast Wealth on Main Street (formerly Wealth Without Bay Street), a top Canadian source for IBC education, and appears regularly on finance and entrepreneurship podcasts. 

Richard Canfield books

Guest Appearances on Leading Podcasts

Richard Canfield on a Guest podcast
Episode Title Show (Host) Date
Ep. 62 – The Compound Effect: Building Knowledge and Wealth – Guest Richard Canfield The GYST Life May 18, 2019
Ep. 43 – Richard Canfield: Becoming Your Own Banker ReWild My Bio (Shawn Slade) June 29, 2021
Ep. 58 – Why Mentoring Is So Critical with Richard Canfield Advisor Advantage (Tammi Brannan) Feb 8, 2018
Ep. 68 – Creating Your Client Community with Richard Canfield Advisor Advantage (Tammi Brannan) Mar 15, 2018
S1E22 – Prepare for the Post Covid-19 World Featuring Richard Canfield Clarity Generates Confidence (Gary Mottershead) Dec 2020
Ep. 211 – Exploring Infinite Banking Strategies with Richard Canfield Average Joe Finances (Mike Cavaggioni) July 26, 2023
The NO Nonsense Guide to Infinite Banking – Richard Canfield BetterWealth (Caleb Guilliams) Nov 19, 2024
Ep. 30 – Unlocking Your Inner Potential via KOLBE & Infinite Banking with Richard Canfield The Intellectual Capitalist Show (Tony D’Angelo) Aug 12, 2024
Ep. 201 – Become Your Own Banker with Richard Canfield The Jesse Tee Show (Jesse Todisco) Oct 1, 2022
Ep. 486 – This Is Nelson Nash ft. Jayson Lowe, Richard Canfield & Jason Rink Cashflow Ninja (M.C. Laubscher) July 15, 2019
Guest Interview – Richard Canfield on Infinite Banking Real Estate Espresso (Victor Menasce) Mar 11, 2023

Reviews / Recommendations

“This man has so much integrity! I’ve seen him and experienced it myself the way he goes above and beyond what he has to do to make sure he helps every single person he can. He’s always growing as a person and always learning more about his profession. He’s unstoppable! Thanks for being you Richard Canfield.”
Curtis Arnold
The Family Mortgage Guy
Richard is a Professional and honest person of Integrity who I’m very thankful to have in my corner. Honestly, I’d just recommend having Richard in your life in any capacity that you can! He’s a great guy that lifts people up. You’ll always feel better after talking with Richard!! If you want to learn about the Infinite Banking Concept® you should talk to Richard… and if you don’t know what the Infinite Banking Concept® is then you definitely need to talk to Richard!”
Jeffrey Pratt
Edmonton, Alberta, Canada
“With Richard’s guidance, we dramatically accelerated our ideal financial future. After a few simple shifts in how we view and manage our money, we’re much closer to our goals and its given us peace of mind. Best of all, we’ve been able to help people we care about thanks to our newfound financial flexibility.”
Fong Chua
Author of Make More Work Less with Cashflow
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