Archive for the ‘Insurance’ Category

LIFE INSURANCE AND THE SMALL BUSINESS CAPITAL GAINS EXEMPTION: AN UPDATE AND A GOOD ONE!

Wednesday, November 27th, 2013

About a year ago, a fellow blogger wrote about the value of corporate owned life insurance policy and its impact on the ability to claim the small business corporation share capital gains exemption. In his blog, he commented that if at the time of sale or deemed sale, ten percent or ...

An Update on Estates and Trusts

Tuesday, October 29th, 2013

Recently RBC hosted an update on estates and trust law for lawyers and accountants. In addition to interesting information on the use of insurance in estate planning, Leanne Kaufman, author the Executor’s Handbook, 4th Edition, gave a very good presentation with updates on British Columbia’s Wills, Estates and Succession Act, ...

Amendments to the Insurance Act

Thursday, August 16th, 2012

Bill 55, Strong Action for Ontario Act (Budget Measures), 2012 received Royal Assent June 20, 2012.  It amends 58 Acts including the Insurance Act.  We highlight a few changes to the Insurance Act here: Successor owners: the owner of a life insurance policy (or insured) may now name a successor owner ...