BridgeForce News | November 13, 2017
HEADLINES
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.
COMPLIANCE
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
Blue Cross
Sales Promotion: Warm up to winter (Nov 1 – Dec 15)
From November 1st, 2017 to December 15th, 2017, receive a $100 visa gift card for every 2 applications submitted during the contest period.
BMO Insurance
Smart App from BMO Insurance is here
Smart App is a secure, easy and fast way to submit insurance applications directly to BMO Insurance! Say goodbye to paper applications. Go digital and benefit from a better, faster new business process for your clients’ insurance applications.
Canada Life
Computer security safeguards: Protecting client information
The protection and security of client information is a priority for your business. In today’s digital age, it’s critical to protect this information and secure your system from security breaches, cyber phishing and other technological attacks through appropriate safeguards.
Needs analysis calculator
Your clients may know they need some kind of insurance to protect their loved ones if something bad should happen. But do they know what kind of insurance they need? Or how much? The new Needs analysis calculator can help you answer these questions.
Rates changing for living benefits products
Effective Nov. 20, some living benefits insurance rates are changing and as a result, living benefits illustration software will be updated.
Desjardins Insurance
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.
Empire Life
Insight
Empire Life introduces Immediate Financing Arrangement, Launch of Empire Life Class Plus 3.0, Try our new online Class Plus 3.0 Illustrator, Revised Commission Schedule, Empire Life is pleased to announce another enhancement to the Fast & Full Investment Application!
Equitable Life
Critical illness rider sales solutions
Now available as a rider, EquiLiving® added to a life insurance policy provides comprehensive coverage in one convenient package. Use these new sample scenarios to help increase your critical illness sales.
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.
Foresters Financial
Emergency Assistance – Flooding in Ottawa
Please be advised that as of Wednesday November 1, 2017, Emergency Assistance grants will be provided to Foresters Financial™ members affected by the recent flooding in Ottawa.
November is Financial Literacy Month
November is Financial Literacy Month in Canada. Individuals and organizations across the country are invited to participate in events aimed at improving the financial literacy of Canadians and empower them to achieve their financial goals.
Sales Promotion: Earn double credits (Sep 1 – Nov 30)
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 November 30, 2017.
ivari
End of year processing
We’d like to take this opportunity to thank you for your business and support throughout 2017, and to wish you and your team all the very best for the upcoming holiday season. We look forward to another rewarding year of doing business with you in 2018.
La Capitale
As of November 20, 2017: Exclusively electronic savings and investment transactions
All La Capitale investment transactions supported by Fundserv must be entered by the general agent without exception.
Sales Campaign: Invitation for the La Capitale Hockey event (Sep 11 – Nov 17)
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.
Manulife Financial
New disclosure form and guide for AML requirements
There is a new disclosure form required for your large case, personal clients – clients are making deposits of $100K+ in permanent insurance.
RBC Insurance
2017 Year-end
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.
SSQ Financial
End of year processing
You will find important information relating to year-end transactions processing for individual insurance and investment.
Five questions about Capital Dividend Accounts (CDA)
A CDA is an account that tracks tax-free amounts accumulated by a private company. The company can then distribute a tax-free dividend to its shareholders residing in Canada. A CDA is a notional account that only exists for taxation purposes, which means it doesn’t appear on a company’s balance sheets.
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.
Sun Life Financial
NewsFlash
Cure clients’ insomnia by curing yours first, Fillable PDFs now available for some underwriting forms, It’s now easier for PHI and HCC clients to submit paramedical and vision care claims.
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.