Life Insurance Planning Update: 2019

Life insurance can play a variety of roles in estate planning, however the tax treatment of life insurance has undergone significant changes in recent years.

Life insurance can play a variety of roles in estate planning, however the tax treatment of life insurance has undergone significant changes in recent years. Amendments relating to policy transfers and the capital dividend account calculation appeared in the 2016 federal budget; further significant changes came in 2017 with the introduction of new rules relating to the taxation of exempt life insurance policies. Most recently, the new passive corporate income rules and TOSI (tax on split income) rules impact insurance planning strategies. The above were discussed in previous webinars. Income tax changes, new court decisions and evolving planning strategies all impact the ways that life insurance can be used in personal and estate planning. 

 

This webinar will provide clear guidance to help you to assist your clients in securing lifetime financial success and establishing a strong legacy.  Join Glenn Stephens of PPI Advisory for an insightful discussion of the most current planning opportunities for life insurance in the estate planning and business succession market.  Discussion will also highlight practical tips and traps that should be considered.

The following topics will be covered:

  • Ownership, beneficiary and policy transfer considerations in the corporate market, including the impact of amalgamations and wind-ups on insurance policy ownership (updated from the 2018 presentation)
  • Policy transfer considerations in the family market
  • Planning opportunities and pitfalls regarding the use of life insurance in family trusts
  • Recent court decisions affecting creditor protection and life insurance beneficiary designations

 

Target Audience

This webinar will be of most interest to financial planners and advisors in the life insurance business who work in the high net worth and private corporations markets, but will also be of interest to accountants, tax professionals and lawyers who provide services to business owners.

Professional Development Credits

CCH Canadian professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region. Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation.

This Webinar Includes:

  • 30 days to review the webinar recording
  • Print version of the presentation slides