How the proposed tax changes will impact Canadian farmers
We’re sure many of you are aware of the federal government’s proposed tax changes released July 18, 2017, commonly referred to as the proposals. Regardless of how these changes have been communicated, the proposals will have a significant impact on tax planning for all business owners, including farmers and other agribusinesses. This includes higher tax costs for family businesses, as well as more complexity and higher costs for tax compliance, retirement, succession, and estate planning.
BridgeForce Compliance News (October 2017)
Change to advisor privacy consent template, Modification to 8(d) of BridgeForce broker agreement, Industry launches Standardized Advisor Practice Review survey, BC reminds licensees to keep client information confidential, FSCO releases latest life agent compliance report.
New CE Compliance Tool
CE-Tracker is a free online CE tracking service that you can use to easily track your CE requirements, and the CE credits you have earned to date – for all Life Licenses, Mutual Fund Licenses, and designations you may hold.
SUPPLIER COMPANY NEWS
Webinar: Jet into DSign with fall highlights (Oct 11 – Dec 5)
Join us and learn more about the services and tools we offer for quick and easy sales! Jet into DSign and end the year with us by learning about all the great changes we made this year with an outlook into 2018.
Sales Campaign: Battle of the apps (Sep 1 – Nov 30)
Battle of the apps (Electronic vs paper). Each settled electronic app will receive a $25 Amazon gift card and each settled paper app will receive a $10 Amazon gift card.
We’ve increased our preferred term underwriting minimum from $250,000 to $500,000. Effective October 16, 2017, medical evidence is no longer required on life insurance policies under $500,000 up to age 45 and on critical illness policies under $100,000 up to age 50. Please reference 1343 Evidence of insurability schedule to verify new underwriting requirements.
Continuing education requirements
Regulators and insurance carriers are focused on ensuring advisors are meeting their continuing education (CE) requirements. As part of carrier requirements under the CLHIA Reference document “Insurer Systems for Monitoring Statutory Compliance of Advisors”, carriers will be conducting random audits of advisors to confirm they are meeting their compliance requirements, including keeping a record of their required continuing education activities at their last insurance license renewal.
Launch of Empire Life Class Plus 3.0 and closure of Class Plus 2.1, Empire Life introduces Immediate Financing Arrangement, Fast & Full Investment Application Enhancements and Limited Time Offer Extended, Reminder to Advisors who are selling in Newfoundland and Labrador, Replay of Seven Sins of Succession Triipss Webinar, Bonus Extended! Advisors can save time and earn $50 with eContract Delivery.
Client communication notifications
Foresters Financial™ has launched a new notification process to help keep you up to date on your Foresters inforce business. You will now start to receive email notifications when we mail documents to your clients.
Sales Promotion: Earn double credits (Sep 1 – Oct 31)
Foresters Financial™ is giving you an incredible opportunity to fast-track your qualification for our 2018 conference in beautiful Montego Bay, Jamaica. You’ll earn double conference credits1 for all your Foresters insurance business written and settled between September 1 and October 31, 2017.
Canada: Our analysis of the housing market
This week, we have an update on the Canadian housing market and are commenting on the ambiguity of U.S. inflation, which is still not gaining traction.
Meeting: Starting a new conversation (Oct 23 – Nov 1)
It’s been two years since we officially became ivari and invited you and your clients to join us in starting a fresh, new conversation about insurance. We’re continuing that conversation and have a new Deputy CEO to introduce, as well as new information and ideas to help you build your business! Registration: Ottawa | October 23, London | October 31, Toronto | November 1
Savings and investment transactions exclusively electronic
Fundserv and Mobile Office are two electronic tools made available to you by La Capitale for your savings and investment transactions. As a result of these two innovations, please note that as of November 20, La Capitale will only accept electronic transactions supported by these two tools.
Sales Campaign: Invitation for the La Capitale Hockey event (Sep 11 – Nov 10)
Are you ready to catch the opening faceoff with La Capitale? Your volume of sales of La Capitale insurance and financial services products could earn you a seat at the Toronto Maple Leafs vs. Washington Capitals game on November 25, 2017.
Accelerate your cash back rewards with ManulifeMONEY+™ Visa* cards
At Manulife Bank we believe that it’s our job to empower you to live a better life and help you find ways to simplify your banking. We are pleased to introduce two new credit cards that will enable you to earn valuable cash back rewards.
Private Company Tax Planning Proposals webinar
During this session, the TREPS team reviewed the July 18th government released discussion paper and draft legislative proposals to address Tax Planning Using Private Corporations. They also covered the potential implications of these proposals and how they may impact your business.
Year-end is fast approaching and we at RBC Insurance® are working hard to get you to the finish line! We want to ensure that your sales are counted towards 2017 production, commissions are paid, and most importantly, that your clients are protected through the RBC Insurance solution you have recommended.
Michael Landsberg’s Onward testimonial now in print
Did you know? An estimated 1 in 5 Canadians will experience a mental illness in their lifetime. Mental health affects the way that we think, feel, and act on a regular basis. Just like how physical fitness helps our bodies to stay strong, a healthy mind is just as important.
SSQ Newsletter (October)
Five (5) questions about Capital Dividend Accounts, On The Radar: SSQ Fiera Capital Global Equity GIF, Quarterly fund performance reports for SSQ Strategy and Celestia GIFs, SSQ credit ratings reaffirmed by A.M. Best.
Term exchange program
Our Term Exchange Program offers your clients a simple way to extend their term life insurance coverage without having to provide evidence of insurability. An affordable option to a renewal or conversion that offers an additional flexibility to your clients.
Information and links to other websites contained in this document are solely for the information and convenience of BridgeForce Financial Group brokers. This information is not intended to provide financial, legal, accounting or tax advice and should not be relied upon in that regard. No endorsement of any third party products, services or information is expressed or implied by any information, material or content referred to, included in, or linked from this bulletin. The approved materials are the property of individual companies used under license and may not be copied, transmitted or used without express written approval. E. & O.E.