 | Webinar on the ins and outs of
Personal Borrowing Secured by Corporate Life Insurance
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| | Thursday, March 22
10am PT | 11am MT | 12pm CT | 1pm ET | 2pm AT
Featuring tax and finance experts from McCarthy Tetrault |
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| | Problem:
When a personal line of credit is secured by a corporate asset, Canada Revenue Agency could decide to treat the entire loan as income to the personal borrower.
Solution:
Manulife Bank has taken steps to enhance the design and process of its Cash Surrender Value (CSV) lines of credit to help address this problem. |
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| | As an advisor, are you aware of the various tax risks associated with this structure and how to navigate them?
To give you expert insight into this often-misunderstood lending structure, we invite you to register for our webinar on Thursday, March 22 (times specified above).
During this discussion with the financial and tax experts at McCarthy Tetrault, you will learn about the 3 key issues involving personal loans secured by corporate assets: - issue of Specified Right created by Bill C29
- depth of client understanding of the various tax issues
- process upon the death of the borrower
While Manulife Bank does not provide tax advice, when you and your clients wish to use our products for tax management purposes permitted by the Income Tax Act, we strive to raise the issues and help address them through the design of our products.
See the steps Manulife Bank has taken to help you and your clients navigate these issues. Register now!
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