Insurance Strategies Critical for Owner-Manager Planning

Small business forms the backbone of the Canadian economy, yet only a minority of businesses successfully pass to new owners. Sophisticated strategies are needed to ensure greater success in the transition of business ownership.

Knowledge Bureau’s Insurance Strategies for Small Business Owner course features instruction based on a comprehensive textbook by Glenn R. Stephens, LL.B., Estate Planning with Life Insurance, together with Reading Guide questions and cases that bring home the benefits of new wealth planning discussions with your clients and the multi-advisory team that may be working with you in succession and estate planning. This is an excellent course for any tax and financial advisors working on planning for family succession or in terminal return preparation.

This program will consider from two perspectives the vital role that life insurance can play in the successful transition of a business on a business owner’s death: (i) the individual who intends to pass his or her interest in a business to other family members (such as children) and (ii) the business owner whose interest in a business will pass to someone outside the family. Learn unique insurance solutions applicable to each type of situation.

Estate planning with life insurance is always an important cornerstone of family wealth planning, but with recent tax changes, a professional update is required for any tax and financial advisor working with high-net-worth families.

From changes dealing with “10/8” strategies, leveraged insurance annuities, retirement compensation arrangements and proposed new exempt test rules for insurance policies, there are a number of new issues to consider. Corporate-owned life insurance and family shareholder agreements should also be reviewed in conjunction with succession and business exit planning. Enhanced new capital gains exemption planning opportunities and testamentary trust rule changes all round out the many reasons why this course is a must for tax and wealth advisors this year.

For more information about the newly updated Insurance Strategies for Small Business Owner course, click here.

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