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Estate Planning With and Without Life Insurance for Canadians

  • Accountant
  • CPA (CA)
  • CFA
  • QAFP
  • CIPM
  • CFP (CA)

Published: May, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Do you have a will?
    9 mins
  • Logistics final tax filing
    15 mins
  • Life insurance basics 2 types of insurance policies
    23 mins
  • 3 Types of permanent insurance
    26 mins
  • What if the cost is prohibitive?
    43 mins

Course Description

According to Warren Buffett - The rich plan for 3 generations and the poor plan for Saturday Night.

Life presents all of us with circumstances – some good – some bad. We all believe that we will live forever, healthy and vibrant, yet, life as some of us know throws us all curveballs. Whether we are 20 and just beginning a career or 50 and seeking to retire, we must all seek better methods for planning our futures.

How to minimize tax implications and heaven forbid at time of incapacity or death, someone else gets your money other than Uncle Sam. The goal here is not to scare you but to help you understand your options, minimize taxes, and plan for a liquid financial future.

Most people don't leverage when it comes to Estate Planning. So this CPD course will show attendees how to create leveraged Estate Planning. As a result, beneficiaries will get more money, sooner, and be tax-free.

So many self-made investors, when they are alive, want their money to grow and are worried about management fees and the rate of return. What they fail to plan is how much money will be taxed before their beneficiaries receive the money.

This CPD webinar will help attendees learn the steps required to do Estate Planning. 

Learning Objectives

  • To analyze estate planning.
  • To discuss the documents required for planning
  • To discuss how leveraged estate planners will pass more money to beneficiaries than those who don't.

Recommended For

  • This estate planning online CPD webinar is recommended for CPAs and any other Professional or Planner who works with clients on Retirement, Estate, Trust, or Financial Planning.

Who Should Attend?

  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Financial Analyst
  • Private Wealth Advisor
  • Wealth Planner
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Finance for Chartered Professional Accountant (CPA Canada)
  • 1 PL Credit of Estate Planning for Chartered Financial Analyst (CFA)
  • 1 PL Credit of Estate Planning for Certificate In Investment Performance Measurement (CIPM)
  • 1 CE Credit of Financial Management & Planning for Qualified Associate Financial Planner (QAFP) (Approval No. 11066)
  • 1 CE Credit of Financial Management & Planning for Certified Financial Planners Canada (CFP Canada) (Approval No. 11066)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

Presenter

About Presenter

Linda Yao

, EXPERIOR FINANCIAL GROUP Inc.

Linda Yao was born in Taiwan, Taipei into a family of five who lived in a one-bedroom University of Taiwan duplex with no amenities. She recalls sleeping with her grandmother and sister in a curtained-off area in the living room, while her parents and brother slept in the bedroom. The toilet was just a hole in the floor, and it was next to the kitchen. They bathed in a lean-to her dad built against the nearby banana fermentation warehouse.  

While her story started similar to many in her age group from Taiwan, Linda attributes much of her financial success to the decision to buy a few helpful wealth-building products that forced her to save monthly amounts of cash she wasn’t able to withdraw easily. 

It wasn’t always like that: Linda didn’t become interested in managing her money until she was in her 40s. Yet, she was able to reach financial independence, enjoy a very comfortable retirement, and very passionate about helping parents and grandparents to gain the confidence to manage their money, save, and pay less tax. 

She is focused on helping them in building wealth for future generations to leave a sizable

legacy effortlessly by following a few simple steps.

About Company

EXPERIOR FINANCIAL GROUP Inc.

experiorfinancial.com

CEO, Jamie Prickett and President, Lee-Ann Prickett have a combined 30+ years in the financial services industry serving customers.

They have taken the best of the captive companies, the best of the broker world and the best of the network marketing organizations to create a genuinely unique Tri-Brid, Managing General Agency (MGA) that works for both our clients and our agents.

Established in 2014, our 2000+ team of well trained, state and provincially licensed associates are available across Canada and the USA to assist you with all of your insurance and investment needs. Our associates appreciate the ongoing training and support they receive throughout their financial services career with Experior Financial Group.

Experior Financial Group: headquartered in Guelph, Ontario Canada and Cheektowaga, New York USA. Our Experior Financial Group Executives boast well into hundreds of years of experience in the financial industry. Experior Financial Group Representatives receive a high level of training, ongoing support and mentoring from our hands on Executive Leaders ensuring that our clients receive superior solutions.

We have become known across the country as one of the fastest growing MGA’s in Canada and we have expanded into the USA to bring this unique model south of the border. Experior Financial Group is also a proud member of CAILBA.


Faq

FAQs content

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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review

4.4

53 Ratings

Excellent

24

Very Good

26

Average

3

Poor

0

Terrible

0

DH

Delon Ho, CPA (CA)

Feb 16th, 2022

Thanks Linda and Sam!

JD

Joel D'souza, CPA (CA)

Jun 28th, 2022

Informative

AL

Alexander Lambert, CPA (CA)

Feb 16th, 2022

Overall, the webinar did a good job evaluating the upsides of life insurance, but I feel not enough attention was paid to the statistical returns of stocks relative to life insurance- the focus was mainly on tax implications and the low-risk factor, but I think it would be helpful if we looked at expected returns vs a broad market index

XWX

Xiaoyun Wu Xiaoyun_wu@yahoo.com, CMA, CPA (US)

May 13th, 2022

I like the topic, even it is not directly relevant to my job responsibility, but it helps every one to think for arranging their investment and retirement.

SK

Steven Koster, CMA, CPA-ON

Feb 16th, 2022

Not applicable to be my but interesting on a personal level.

Estate Planning With and Without Life Insurance for Canadians

PREMIUM

1 Credit

Subject Area

Finance