by Davlyn Financial | Jul 31, 2024 | Blog, business owners, estate planning, Family, life insurance
Succession Planning for Business OwnersBusiness owners deal with a unique set of challenges. One of these challenges includes succession planning. A succession plan is the process of the transfer of ownership, management and interest of a business. When should a...
by Davlyn Financial | Jun 14, 2023 | Blog, CLU Comment, life insurance
There may be times when there is a need to transfer a life insurance policy from a corporation to an individual shareholder or from one corporation to another. At a recent Canada Life and Health Insurance Association meeting, the Canada Revenue Agency (CRA) was asked...