Over the course of one’s life, you will face many different compelling and important reasons for needing insurance products. You may wish to protect your family in the event that you are unable to work due to disability or death, have bank requirements to secure business financing or many other reasons for purchasing life or disability insurance. One confusing and often overlooked consideration when setting up a policy is the tax treatment of the premiums and the policy benefits and proceeds. Our article which is available here summarizes a number of planning considerations for small business owners when setting up their policy. Hendry Warren Chartered Professional Accountants can help you with planning when considering the implications for your business and your family. Call our office at 613-235-2000 and ask to speak to Blair Duffy.