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 Frenchon 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 >
FOR ADVISOR USE ONLY. NOT FOR DISTRIBUTION TO THE PUBLIC.
The information in this document is for general information purposes only and is subject to change without prior notice. Empire Life assumes no responsibility for any reliance made on or any inaccuracy in the information contained in this document. Policies are issued by The Empire Life Insurance Company.
The Empire Life Insurance Company 259 King Street East, Kingston Ontario 1 877 548-1881 info@empire.ca 8:30 am to 5:00 pm, EST weekdays
You are receiving this email as a valued distribution partner with Empire Life. For advisor use only.
®/™ Registered Trademark and Trademark of The Empire Life Insurance Company