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

 Now available on demand: 

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.

CE credit offer available until January 24, 2023.
A quiz will appear after the webinar has been viewed.

This webinar is also available in French. 

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 >