<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[Insurance Compass]]></title><description><![CDATA[Insurance Compass]]></description><link>https://www.insurancecompass.ca/blog</link><generator>RSS for Node</generator><lastBuildDate>Sun, 09 Aug 2026 02:53:37 GMT</lastBuildDate><atom:link href="https://www.insurancecompass.ca/blog-feed.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[How is life insurance accounted for in the financial statements of a corporation?]]></title><description><![CDATA[Accounting standard AcG -21, Accounting for life insurance contracts with cash surrender value, was added for fiscal years beginning on or after January 1, 2026 for private corporations reporting under Canadian ASPE (not public companies).  The CSV of a life insurance policy is recognized as an asset on the balance sheet when the corporation is the owner and beneficiary under the contract.  CSV represents the amount the policyholder could receive if the policy is terminated.   At each...]]></description><link>https://www.insurancecompass.ca/post/how-is-life-insurance-accounted-for-in-the-financial-statements-of-a-corporation</link><guid isPermaLink="false">6a4d3ebb646539e1163522dc</guid><category><![CDATA[Ownership]]></category><pubDate>Tue, 07 Jul 2026 18:00:37 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Named Beneficiary on Segregated Funds Prevails in Court]]></title><description><![CDATA[By Laroux Peoples, JD (Vice-President Professional Services, PPI) Are segregated funds subject to the presumption of resulting trust? Not in Ontario according to RBC Life Insurance Company v. Masitch et al 2026 ONSC 2277. Great news for those in life insurance but recall from my last case comment, there is no Supreme Court of Canada decision and there is regional variation so check the law in your province. In this case released the day after Kunka Estate v. Giasson, a mother named one of her...]]></description><link>https://www.insurancecompass.ca/post/named-beneficiary-on-segregated-funds-prevails-in-court</link><guid isPermaLink="false">6a4cf7aa1855a907de5716f9</guid><category><![CDATA[My Business]]></category><category><![CDATA[Risk Bits]]></category><pubDate>Tue, 07 Jul 2026 12:57:55 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/fc2444_4f697edce948463cad0df89833ef56d1~mv2.png/v1/fit/w_1000,h_611,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Repayment on Death]]></title><description><![CDATA[If the life insurance proceeds are paid directly by the insurer to the lender, a shareholder benefit would arise since the corporation is paying the loan on behalf of the shareholder. The shareholder benefit issue can be avoided with the appropriate steps and documentation.   Each lender may have different requirements so there is a need to review the steps and documentation with the lender and independent tax and legal advisors. Where the corporation repays the outstanding loan balance as...]]></description><link>https://www.insurancecompass.ca/post/repayment-on-death</link><guid isPermaLink="false">6a3582982e4e04fc71b4cfab</guid><pubDate>Fri, 19 Jun 2026 17:55:58 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[What a Recent Court Ruling Means for TFSA, RRSP and RRIF Beneficiaries ]]></title><description><![CDATA[By Laroux Peoples, JD (Vice-President Professional Services, PPI) Beneficiary designations have been found not to be subject to the presumption of resulting trust - they are instead testamentary dispositions. Advisors and their clients now have one more court case to support the view that beneficiary designations are not the same as joint bank accounts or jointly owned real estate making the presumption of resulting trust that arose out of the Supreme Court of Canada’s Pecore decision and...]]></description><link>https://www.insurancecompass.ca/post/what-a-recent-court-ruling-means-for-tfsa-rrsp-and-rrif-beneficiaries-by-laroux-peoples-jd-vice-p</link><guid isPermaLink="false">69ea0f38a3f320e0758e43a3</guid><category><![CDATA[My Business]]></category><category><![CDATA[Risk Bits]]></category><pubDate>Thu, 23 Apr 2026 16:59:57 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/fc2444_79a0bd15dd4c4feda1b968fb6198d130~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Travel Risk in Life‑Insurance Underwriting]]></title><description><![CDATA[As global travel rebounds post-pandemic, it now reaches historic highs: 1.45 billion international tourist arrivals in 2024, representing...]]></description><link>https://www.insurancecompass.ca/post/travel-risk-in-life-insurance-underwriting</link><guid isPermaLink="false">68c8640ee1614c4b7ebe2250</guid><category><![CDATA[Risk Bits]]></category><pubDate>Mon, 15 Sep 2025 19:08:29 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/fc2444_9aea33ec9d2540da89824776641387a6~mv2.jpg/v1/fit/w_1000,h_611,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Health &#38; personal care directives]]></title><description><![CDATA[(a) What is the proper term for this type of document in Newfoundland and Labrador and what is the legislation that governs it? Summary...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-health-personal-care-direc</link><guid isPermaLink="false">6849a1f576f1453e1b364b22</guid><category><![CDATA[Wills & Estates - N&L]]></category><pubDate>Wed, 11 Jun 2025 15:34:28 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Health &#38; personal care directives]]></title><description><![CDATA[(a) What is the proper term for this type of document in Nova Scotia and what is the legislation that governs it? A personal directive...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-health-personal-care-directives</link><guid isPermaLink="false">6849a1dbeded2b58065eded9</guid><category><![CDATA[Wills & Estates - NS]]></category><pubDate>Wed, 11 Jun 2025 15:34:02 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Health &#38; personal care directives]]></title><description><![CDATA[(a) What is the proper term for this type of document in Prince Edward Island and what is the legislation that governs it? Summary In...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-health-personal-care-directives</link><guid isPermaLink="false">6849a1b8eded2b58065ede76</guid><category><![CDATA[Wills & Estates - PEI]]></category><pubDate>Wed, 11 Jun 2025 15:33:34 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Health &#38; personal care directives]]></title><description><![CDATA[(a) What is the proper term for this type of document in New Brunswick and what is the legislation that governs it? Summary An enduring...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-health-personal-care-directives</link><guid isPermaLink="false">6849a18527a8bd11cba57285</guid><category><![CDATA[Wills & Estates - NB]]></category><pubDate>Wed, 11 Jun 2025 15:33:01 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Health &#38; personal care directives]]></title><description><![CDATA[(a) What is the proper term for this type of document in Québec and what is the legislation that governs it? Summary In Québec, the...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-copy-of-health-personal-care-directives</link><guid isPermaLink="false">6849a165c56add09818d7f03</guid><category><![CDATA[Wills & Estates - QB]]></category><pubDate>Wed, 11 Jun 2025 15:32:09 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Health &#38; personal care directives]]></title><description><![CDATA[(a) What is the proper term for this type of document in Ontario and what is the legislation that governs it? The document is called a...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-health-personal-care-directives</link><guid isPermaLink="false">6849a1263f129b86dcb57a51</guid><category><![CDATA[Wills & Estates - ON]]></category><pubDate>Wed, 11 Jun 2025 15:31:38 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Health &#38; personal care directives]]></title><description><![CDATA[(a) What is the proper term for this type of document in Manitoba and what is the legislation that governs it? A health care directive...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-health-personal-care-directives</link><guid isPermaLink="false">6849a10b27a8bd11cba5712e</guid><category><![CDATA[Wills & Estates - MAN]]></category><pubDate>Wed, 11 Jun 2025 15:30:36 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Health &#38; personal care directives]]></title><description><![CDATA[(a) What is the proper term for this type of document in Saskatchewan and what is the legislation that governs it? Summary This document...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-health-personal-care-directives</link><guid isPermaLink="false">6849a0bc27a8bd11cba57051</guid><category><![CDATA[Wills & Estates - SAS]]></category><pubDate>Wed, 11 Jun 2025 15:30:00 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Health &#38; personal care directives]]></title><description><![CDATA[(a) What is the proper term for this type of document in Alberta and what is the legislation that governs it? Summary The Personal...]]></description><link>https://www.insurancecompass.ca/post/copy-of-health-personal-care-directives</link><guid isPermaLink="false">6849a099c56add09818d7ccc</guid><category><![CDATA[Wills & Estates - AL]]></category><pubDate>Wed, 11 Jun 2025 15:28:38 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Powers of attorney]]></title><description><![CDATA[(a) What is the legislation that governs powers of attorney in Newfoundland and Labrador? Summary The Enduring Powers of Attorney Act,...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-powers-of-attorney</link><guid isPermaLink="false">68499ac650c5855d019f2bbd</guid><category><![CDATA[Wills & Estates - N&L]]></category><pubDate>Wed, 11 Jun 2025 15:03:45 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Powers of attorney]]></title><description><![CDATA[(a) What is the legislation that governs powers of attorney in Nova Scotia? Powers of Attorney Act, RSNS 1989, c 352, as amended by 2022...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-powers-of-attorney</link><guid isPermaLink="false">68499aa0fe11ae096bce08cd</guid><category><![CDATA[Wills & Estates - NS]]></category><pubDate>Wed, 11 Jun 2025 15:03:13 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Powers of attorney]]></title><description><![CDATA[(a) What is the legislation that governs powers of attorney in Prince Edward Island? Summary The Powers of Attorney Act, R.S.P.E.I. 1988,...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-powers-of-attorney</link><guid isPermaLink="false">68499a8ceded2b58065eca87</guid><category><![CDATA[Wills & Estates - PEI]]></category><pubDate>Wed, 11 Jun 2025 15:02:46 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Powers of attorney]]></title><description><![CDATA[(a) What is the legislation that governs powers of attorney in New Brunswick? Summary The Enduring Powers of Attorney Act, SNB 2019, c 30...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-copy-of-copy-of-powers-of-attorney</link><guid isPermaLink="false">68499a6d50c5855d019f2ae0</guid><category><![CDATA[Wills & Estates - NB]]></category><pubDate>Wed, 11 Jun 2025 15:02:20 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Powers of attorney]]></title><description><![CDATA[(a) What is the legislation that governs powers of attorney in Québec? Summary The Civil Code of Québec¸ governs the ability to delegate...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-copy-of-powers-of-attorney</link><guid isPermaLink="false">684999f1bad5e41e3cf936da</guid><category><![CDATA[Wills & Estates - QB]]></category><pubDate>Wed, 11 Jun 2025 15:00:11 GMT</pubDate><dc:creator>PPI</dc:creator></item><item><title><![CDATA[Powers of attorney]]></title><description><![CDATA[(a) Are there probate fees in Ontario and if so, how are they determined? (a) What is the legislation that governs powers of attorney in...]]></description><link>https://www.insurancecompass.ca/post/copy-of-copy-of-copy-of-copy-of-powers-of-attorney</link><guid isPermaLink="false">684999da4473c4922c641830</guid><category><![CDATA[Wills & Estates - ON]]></category><pubDate>Wed, 11 Jun 2025 14:59:49 GMT</pubDate><dc:creator>PPI</dc:creator></item></channel></rss>