Topic 1: Small business owner planning
Topic 2: Tax considerations when funding corporate held life insurance (2024)
CE Credit Eligible
Review the most common planning questions small business owners review with their advisors. We will start with salary vs. dividends, saving in RRSPs, TFSAs, or inside the corporation, and touch on post-mortem planning and the benefits of permanent insurance. Using case study examples, this presentation is aimed to assist you in understanding how small business owners remunerate themselves and accumulate their net worth personally and their corporation.
Paul focuses on complex case consultation within EFPS, with special attention to Canadian business owners, trusts and estate planning. Paul uses his experience as a practicing lawyer to develop practical solutions with a goal of ensuring clients understand how to meet their objectives tax efficiently. Prior to joining Sun Life Financial, Paul was a practicing lawyer with a focus on estate planning, trusts, corporate structures and reorganizations. Paul is the former President of the Halifax Estate Planning Council, member of the Nova Scotia Barristers' Society and volunteers regularly with the FP Canada.
As a complement to the services provided by Sun Life Financial advisors, Estate & Financial Planning Services (EFPS) connects clients with a planner who is highly skilled in all facets of financial planning – from investment and tax-efficient strategies to risk management tactics and wealth protection techniques. For over 60 years, EFPS has helped our clients continue to grow their wealth and preserve it for future generations.
Jurisdictions |
# of Credits |
Type of Credit |
|---|---|---|
Alberta Insurance Council (AIC) |
1 |
Life |
Insurance Council of British Columbia (ICBC) |
1 |
Life and A&S |
Insurance Council of Manitoba (ICM) |
1 |
Life and A&S |
Financial Services Regulatory Authority - Ontario (FSRA) |
1 |
Life and A&S |
Québec - Chambre de la sécurité financière |
1 |
General |
Québec - l’Institut de planification financière |
1 |
SFPA |
Insurance Councils of Saskatchewan (ICS) |
1 |
Life and A&S |
CIRO, Investment Dealer Division (Cycle 10) |
1 |
Professional Development |
CIRO, Mutual Fund Division |
1 |
Professional Development |
FP Canada |
1 |
Financial Planning |
The Institute (Advocis) - IAFE |
1 |
General |
Review the many planning considerations associated with corporate-owned life insurance. This includes the pros and cons as well as a deep dive into the understanding of corporate structures and ensuring corporately owned insurance fits in the Client's overall financial plan.
Valerie is an experienced financial planner and accountant. During her time as a tax manager, she specialized in personal, corporate and trust & estate taxation. She also has experience supporting ultra-high net worth private banking clients with wealth and tax planning. In addition to the CFP and TEP designations, Valerie holds accounting designations in Canada (CPA, CA) and in the US (CPA, Washington) and recently obtained her FEA designation. Valerie is particularly interested in helping Clients reach their financial goals through tax efficiencies and estate enhancement. As a complement to the services provided by Sun Life Financial advisors, Estate & Financial Planning Services (EFPS) connects clients with a planner who is highly skilled in all facets of financial planning – from investment and tax-efficient strategies to risk management tactics and wealth protection techniques. For over 60 years, EFPS has helped our clients continue to grow their wealth and preserve it for future generations.
| Jurisdictions | # of Credits | Type of Credit |
|---|---|---|
| Alberta Insurance Council (AIC) | 1 | Life |
| Insurance Council of British Columbia (ICBC) | 1 | Life and A&S |
| Insurance Council of Manitoba (ICM) | 1 | Life and A&S |
| Financial Services Regulatory Authority - Ontario (FSRA) | 1 | Life and A&S |
| 'Québec - Chambre de la sécurité financière | 1 | Insurance of persons |
| 'Québec - l’Institut de planification financière | 1 | SFPA |
| Insurance Councils of Saskatchewan (ICS) | 1 | Life and A&S |
| CIRO, Investment Dealer Division (Cycle 10) | 1 | Professional Development |
| CIRO, Mutual Fund Division | 1 | Professional Development |
| FP Canada | 1 | Financial Planning |
| The Institute (Advocis) - IAFE | 1 | General |