Creditor Protection, Insurance Products and the Canada Revenue Agency (CRA)

Please join us for our next TRIIPSS Webinar 

Creditor Protection, Insurance Products and the Canada Revenue Agency (CRA)

Life insurance and life insurance products are often used to provide for family members in the event of a death. However, have you considered what happens in situations where an estate does not have sufficient resources to pay its tax liability and there are named individuals as beneficiaries of a life insurance or segregated fund policy?

This webinar will focus on creditor protection for life insurance/insurance products and how an estate’s tax liability can impact that protection. The webinar will cover topics including:

• Creditor protection applicable to Life insurance and Segregated Funds Policies - Is there a difference?
• Review of Tax Court case law involving attempts by CRA to seize death benefits payable to named beneficiaries
• Estate tax liability and beneficiary obligations when dealing with registered accounts (RRSPs/RRIFs, etc)
• Best practices when making beneficiary designations and ensuring they are kept up to date

Advisors will receive information that will educate and position them as a key resource for their clients on this important topic.

Date: Wednesday, October 26, 2022
Time: 1:00 p.m. to 2:15 p.m. ET

This webinar is also available in French on Thursday, October 27, 2022 at 10:00 a.m. ET

CE credits: Pending
To receive their CE credit, attendees of this event will be required to attend the entire session and pass the quiz after the webinar has been viewed.
Replay: Access to the replay will be provided after the webinar

Akua Carmichael
Director, Tax, Retirement & Estate Planning,
Empire Life

This webinar is part of our TRIIPSS series
(Tax, Retirement, Investment, and Insurance Planning Strategies and Solutions) featuring Akua Carmichael. With our webinars, you become more knowledgeable on these subjects so you can better meet the needs of your clients and help them achieve their financial goals. Learn more >