Elite Advisors Program – elevate your business
Transform your professional online presence with the Elite Advisors Program for CALU members.
Federal cabinet announced
CALU offers its congratulations to all 38 new and returning federal cabinet ministers. The cabinet was announced by the Prime Minister and sworn in by the Governor General this past Tuesday. Our consultants at Summa Strategies have prepared an analysis of the new cabinet. CALU's Government Relations Committee will be meeting next week to review our outreach strategy with the 44th Parliament.
CALU Report – Private corporate tax accounts: Timing is everything
The Income Tax Act (ITA)1 establishes a number of different tax accounts for private corporations to ensure proper integration of taxes with shareholder distributions and to minimize tax avoidance transactions.
CALU Practice Note – Advisor/client consideration in purchasing foreign life insurance policies
Canadian individuals and private corporations often acquire life insurance policies to meet liquidity needs on death, as well as accumulate capital on a tax-advantaged basis during the lifetime of the insured
Chamber of Commerce tax survey
Calling all tax experts! The Canadian Chamber of Commerce and EY are conducting a national survey to identify opportunities for modernizing and simplifying tax administrative processes for Canadian employers. Please take a few moments to share your insights on the topic and complete the survey. Complete the survey now!
CALU’s updated recommendations on section 84.1
CALU members will remember the enactment of Bill C-208 back in June to amend section 84.1 in regards to fair taxation of family business succession, after which Finance Canada announced its intention to introduce further amendments to better accommodate genuine intergenerational business transfers while still protecting against potential tax abuse. CALU volunteers and staff have taken the pro-active step of reviewing and updating our recommendations and submitting those to Finance. View the submission (members only)
INFOexchange 2021 vol. 3 is now available
INFOexchange 2021 vol. 3 is now available for members, with articles on Navigating the hurdles of real estate ownership by foreign persons by Scott Gorski and Understanding CALU’s Market Conduct Standards Committee by Roger Sinclair.
A Fall Conference program that educates and informs
CALU's committee volunteers have been hard at work organizing educational sessions for the 2021 Fall Conference. These timely and informative workshops are designed to keep you up-to-date on industry best practices and provide you with an opportunity for CE credits (subject to course approval). Check out the program and register now! With thanks to the Associates' Meeting Committee, the AGM Workshop Committee, the Employee Benefits Issue Group, the Life Insurance Issue Group, the Living Benefits Issue Group and the Wealth Creation & Management Issue Group.
Coalition for a Better Future
CALU has recently joined over 100 other organizations as a member of the Coalition for a Better Future, which has its goal to create dialogue on the long-term economic well-being of Canada in a post-pandemic future. As outlined in this press release, former federal Cabinet ministers Hon. Anne McLellan and Hon. Lisa Raitt are leading this initiative as co-chairs of the Coalition's Advisory Council.
Election debrief for members
Join us at 4:30 p.m. ET, Septembe 23 for a special CALU webinar with Elliot Hughes, Daniel Perry and Alon Faitelis from Summa Strategies as they discuss the results of the 2021 federal election in the context of CALU's public policy priorities. Register now!