While we are all working hard to support our clients during this crisis please ensure that you are considering mitigating your risk. These are difficult times for many organizations, which means we need to be aware of personal and professional pressures that our clients face. It becomes easier to rationalize a few tweaks here and … Continue reading “COVID-19: Assisting Clients with the Canadian Emergency Wage Subsidy”
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Donation of Life Insurance Policies
Author Clearline ConsultingPosted on Categories TaxLeave a comment on Donation of Life Insurance Policies In discussions with a large charity, it has recently come to our attention that the BC Financial Services Authority’s (BCFSA, formerly FICOM) position is that accepting life insurance policies as a donation is not permitted under the Insurance Act. Gifts of life insurance policies have, up to now, have been an important alternative when making … Continue reading “Donation of Life Insurance Policies”