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CSI will be performing system maintenance on Saturday May 11th from 5 a.m. until 1 p.m. ET. You will not have access to your “myCSI” student account, nor will you be able to book, cancel or reschedule exams during this time. You can still access your online course materials by visiting connect.csi.ca then connecting to “Blackboard Learn”.

What will you learn about?

Insurance Products

  • Property and Auto Insurance
  • Life Insurance
  • Disability, Health and Critical Illness Insurance
  • Tax Treatment of Life, Disability and Health Insurance

Insurance Needs and Business Considerations

  • Risk Management Over Time and Assessing Life Insurance Needs
  • Insurance Considerations for Small Businesses and the Self-employed

Personal Trusts and Estate Planning

  • Personal Trusts
  • Taxation of Trusts
  • Estate Freezes
  • Estate Administration
  • Estate Planning for Farmers and Owners of Small Businesses

What is the course syllabus?

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Chapter 1 - Property and Auto Insurance

Topics covered in this chapter are:

  • Scope of Coverage
  • Homeowner, Secondary or Seasonal Residence Insurance, Condominium, and Tenant’s Insurance
  • Loss Indemnification (Actual Cash Value versus Replacement Cost)
  • Illustration — The Scopes Case
  • Personal Automobile Insurance
  • Loss or Damage to Vehicle
  • Factors Impacting Automobile Insurance Premiums
  • Automobile Insurance Strategy
  • Automobile Third-Party Liability
  • Automobile Accident Benefits
  • Personal Umbrella

Chapter 2 - Life Insurance

Topics covered in this chapter are:

  • Insurance Strategy
  • Temporary (Term) Insurance
  • Permanent Insurance
  • Life Insurance Premiums and Pricing
  • Policy Provisions and Options
  • Child Rider
  • Mortgage Insurance

Chapter 3 - Disability, Health and Critical Illness Insurance

Topics covered in this chapter are:

  • Disability Insurance
  • Additional Definitions of “Disability”
  • Claim Costs
  • Group Disability Plans
  • Government “Insurance” Programs
  • Assessing the Need for Disability Coverage
  • Group Health Insurance
  • Critical Illness
  • Long-term Care
  • Travel Insurance
  • Other Types of Coverage
  • Illustration — The Carson’s Case

Chapter 4 - Tax Treatment of Life, Disability and Health Insurance

Topics covered in this chapter are:

  • Tax Treatment of Life Insurance
  • Tax Treatment of Disability and Health Insurance

Chapter 5 - Risk Management over Time and Assessing Life Insurance Needs

Topics covered in this chapter are:

  • Risk Management Over Time
  • Assessing Life Insurance Needs

Chapter 6 - Insurance Considerations for Small Businesses and the Self-employed

Topics covered in this chapter are:

  • Risk to Business Assets
  • Exposure to Business Income Interruption

Chapter 7 - Personal Trusts

Topics covered in this chapter are:

  • Definition and Characteristics of a Personal Trust
  • Parties to a Trust
  • Types of Personal Trusts
  • Revocable Trusts versus Irrevocable Trusts
  • Discretionary Trusts versus Non-discretionary Trusts
  • Spousal Trusts
  • Role of the Trustee
  • Purposes/Uses for Trusts

Chapter 8 - Taxation of Trusts

Topics covered in this chapter are:

  • Transfers of Assets to a Trust
  • Spousal Trust, Alter Ego Trust and Joint Spousal Trust
  • Taxation of Income Earned on Trust Assets
  • Attribution Rules
  • 21-year Deemed Disposition Rule
  • Tax Treatment of Income Retained by a Trust
  • Income Attributed to the Settlor of the Trust
  • Preferred Beneficiary Election
  • Earnings Distributed by a Trust
  • Trusts for Minors and Qualified Disability Trusts
  • Capital Property Disposed of by a Trust
  • Reporting for Trusts
  • Multi-jurisdictional Tax Considerations

Chapter 9 - Estate Freezes

Topics covered in this chapter are:

  • Rationale for an Estate Freeze
  • Favourable Environment for an Estate Freeze: Opportunities Warranting an Estate Freeze
  • Types of Estate Freeze
  • “Thawing” a Corporate Estate Freeze

Chapter 10 - Estate Administration

Topics covered in this chapter are:

  • Notification of Executorship (Liquidatorship)
  • First Steps in the Administration of an Estate
  • Communication to Interested Parties
  • Documentation
  • Administering Assets
  • Letters Probate in Common Law Provinces
  • Taxation of the Deceased and the Estate
  • Investment Powers and Decisions
  • Family Law, Matrimonial Law and Dependant Relief Claims
  • Settlement and Distribution of the Estate
  • Distribution of Assets Outside of the Will

Chapter 11 - Estate Planning for Farmers/Fishers and Owners of Small Businesses

Topics covered in this chapter are:

  • Succession Planning for Owners of Family Farms/Fishing Property
  • Succession Planning for Owners of Closely Held Small Business Corporations
  • Succession Planning Issues Common to Owners of Family Farms/Fishing Property and Closely Held Small Business Corporations
  • Buy/Sell Agreements

How will you learn?

CSI’s online learning system helps you meet your study goals. You’ll benefit from:

  • Textbook readings available in PDF and printed format
  • Learning objectives that keep you focused
  • End of chapter activities including review questions to help you reinforce your learning and identify topics that may need to be revisited during exam preparation
  • Two self-assessments and practice questions so that you can assess your progress
  • Online assistance from CSI’s academic support specialists