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Demystifying corporate-owned policies, tax implications, and the mechanics of capital dividend accounts.
This course provides a foundational overview of corporate-owned life insurance, focusing on its role in tax and estate planning for incorporated clients. It covers the fundamental differences between term and permanent insurance, the tax treatment of death benefits, and the calculation of capital dividend account credits. The content also addresses common client questions, the mechanics of policy funding, and the strategic use of insurance as a financial asset within a corporation. Participants will gain clarity on when to involve specialists and how to navigate complex scenarios like shareholder agreements and policy transfers.
Topics Covered:
Life Insurance Brokerage
Dundas Life is a modern, digital-first life insurance brokerage headquartered in Toronto, Canada, founded in 2020 by Co-Founder and CEO Gregory Rozdeba. It operates as an online comparison platform that helps individuals and business owners secure coverage without traditional paperwork or high-pressure sales tactics.
Co-Founder & CEO — Dundas Wealth + Dundas Brokers
I co-founded Dundas Wealth to fix what's broken in financial planning for Canadian business owners: generic advice, misaligned incentives, and strategies that don't talk to each other. As CEO, I lead a team of licensed advisors who build coordinated strategies across corporate-owned life insurance, estate planning, tax optimization, and retirement income — working alongside our clients' CPAs, not instead of them. We've served 500+ Canadians and identified $100M+ in potential tax savings. Before Dundas Wealth, I spent 4 years as Director of Sales at a Toronto insurtech where I helped raise $7.6M in venture capital. LLQP licensed. B.Comm in Finance & Accounting, Ontario Tech University.
National Director, Tax and Estate Planning at IDC Worldsource Insurance Network Inc.
Frank Abate is a Chartered Professional Accountant (CPA, CA). He also holds a CFP designation (Certified Financial Planner), and TEP designation (Trust and Estate Practitioner Designation). Frank's professional designations, along with his years of experience as a Tax Advisor (primarily with owners of private corporations and high net worth individuals) have provided an excellent foundation for the area of advice he currently focuses on.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.