This presentation focuses on how CPA’s can grow their practice and bolster their client’s balance sheet by better understanding tax-exempt life insurance in general.
This presentation equips CPAs with the knowledge to grow their practice by understanding the strategic use of tax-exempt life insurance in corporate settings. It focuses on how life insurance planning can enhance a client’s balance sheet, create tax savings, and add advisory value. Attendees will learn how different types of life insurance—like term-to-100, universal life, and participating whole life—function within corporations, how they're priced, how their cash values are invested, and how they affect tax outcomes both pre- and post-mortem.
The session includes a detailed case study comparing four planning approaches using equal cash flows. It highlights key tax considerations such as refundable dividend tax on hand (RDTOH), capital gains tax, capital dividend account (CDA), stop-loss rules, and Section 164(6) carrybacks. By the end of this session, CPAs will understand how to add value as trusted, independent advisors, and how to tap into life insurance planning as a high-potential, underused advisory service.
Chartered Life Underwriter
We are an independent, family owned, life insurance firm that represents all the major life insurance companies in Canada. Our focus is on our clients needs not the financial institutions that we represent. Our office is in Midland, Ontario. Raymond began his career in 1985 and since 1995 he has operated as an independent insurance broker specializing in helping business owners and their advisors design, implement and manage life insurance plans. Raymond holds a CFP, CLU, TEP and CHS designations. The CLU accreditation identifies an individual that has taken specialized courses in tax, law, and estate planning as it relates to the use, implementation, and management of permanent life insurance plans. We are expert in the implementation and management of permanent life insurance solutions. We are expert in assisting CPA’s gain a deeper understanding of the benefits, uses and types of life insurance plans available and how those plans will add value for their clients. We strive to work closely with the advisory team.
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.
