The Nuts and Bolts of Pensions: IPPs, Commuted Values, RSAs and More
The baby boom cohort of business owners has already or will soon attain age 65. Thus, IPPs (and RCAs) are of increasing interest to this group. These vehicles will attract considerably more attention, should Finance proceed with the July 18th proposals. The technical aspects of IPPs will be covered, including identifying appropriate situations and candidates for whom they should be implemented. RCAs and their appropriate use will be covered as well. Other retirement-related topics will be covered as well (planning opportunities as they relate to pension commutations, including use of section 147.4 annuities, missed opportunities with pension splitting, etc.)
9 Nov 2017, 7:00 PM
2 CPD hours
3.5 (4)Register Now
This session will cover everything you want to know but were afraid to ask about pensions. There will be three speakers covering this topic:
1. Lea Koiv, CPA, CMA, CA, CFP, TEP of Lea Koiv & Associates Inc.
2. William Kennedy, FSA, FCIA of Lesniewski Moore Consulting Group
3. Trevor Parry, M.A., LL.B., LL.M (Tax), TEP of TRP Consulting Group
The cost of the webinar is $59 (+tax), which you can pay by any credit card. You will earn two hours of PD credits when you register. We are pleased to offer an easy, inexpensive and enjoyable way to meet your PD requirements.
We look forward to seeing you at our upcoming events. Should you have any ideas for topics, speakers, or anything else, feel free to contact Melanie Russell, CPA, CA, CBV, CIM, CFE, CFF, ABV at 416-488-9590 x 225.
About the Instructor(s)
William Kennedy, FSA, FCIA
Lesniewski Moore Consulting Group
Bill Kennedy was the CEO and owner of W. C. Kennedy & Associates Inc. In 2017 he merged it into Lesnieski Moore Consulting Group (“The LMC Group”).
The LMC Group is an actuarial retirement consulting firm providing pension advisory and consulting services. We have 4 qualified actuaries within a staff of 18 spread amongst offices in Calgary, Toronto and Winnipeg.
Bill is a leading expert in retirement plan design, modeling and funding for executives and business owners. He has over 30 years experience as a consulting actuary; most of which was obtained with two of the largest worldwide actuarial consulting firms and one of the big "4" accounting firms. Bill has authored several articles and papers on business owner/executive retirement plan design and financing.
Bill has extensive pension consulting and actuarial expertise including:
- Retirement program design and implementation, including registration, communication, coordinating with the asset manager and administration, with particular expertise with:
- Establishing & registering Individual Pension Plans, and
- Establishing & registering Retirement Compensation Arrangements,
- Indepth knowledge of the pension accounting disclosure rules under US and Canadian GAP as well the International Financial Reporting Standards (IFRS) with particular expertise with:
- Coordinating /integrating the Canadian subsidiary retirement programs within the worldwide plans of the sponsor with a focus on design, cost and pension accounting disclosure,
- Evaluating retirement program’s impact on financial statements with regards to possible buy/sell circumstances, and
- Asset / liability forecasts to help clients develop financial management studies.
- All aspects of going concern funding and solvency valuations.
Bill received a BSc in Mathematics and Statistics from the University of Calgary. He is a Fellow of Canadian Institute of Actuaries and Fellow of the Society of Actuaries and spent 10 years as an examiner for the Society of Actuaries.
Lea Koiv, BComm, CPA, CMA, CA, CFP, TEP
Lea Koiv & Associates Inc.
Lea started in the insurance industry in 2001 at Standard Life. She was the National Director, Retail Tax
& Estate Planning, at the time its Canadian operations were acquired in 2015. While at Standard Life,
she provided advice for High Net Worth cases. Lea also assisted in positioning products to brokers and
advisors on a tax-advantaged basis, including participating in the development of sales concepts and
marketing materials. She also authored the company’s well-received Taxing Issues series.
In 2016 she set up her consulting practice, Lea Koiv & Associates Inc., and works with accountants,
lawyers, business valuators, actuaries and other professionals, as well as select high-net worth clients, in
tax, retirement and estate planning.
Lea previously spent a significant number of years in the tax practices of international accounting firms
(KPMG, Deloitte + Touche, and Arthur Andersen), as well as a pension and benefits consulting firm (A.
Foster Higgins & Co.), where she was responsible for the IPP practice. She was a member of the Pension
Review Committee, an industry committee that met regularly with CRA. She served as the Treasurer of
the Association of Canadian Pension Management for a number of years.
Her knowledge of insurance products, coupled with her tax knowledge, positions here to integrate the
use of these products with various retirement, estate planning and wealth strategies. She is especially
interested in retirement planning and has been engaged as an “expert witness” in this area.
Lea continues to participate in industry associations (CALU, Advocis, etc.). She is also a member of STEP,
IFB and the Estate Planning Council. She continues to be in demand as a speaker at industry and advisor
events. Her articles have also appeared in a number of publications.
Trevor is the President of the TRP Consulting Group based in Burlington, Ontario. He was formerly National Sales Director of a national actuarial consulting company specializing in creating retirement solutions for entrepreneurs and incorporated professionals. In that capacity he was involved directly or indirectly in establishing over 1500 Individual Pension Plans and 400 Retirement Compensation Arrangements, as well as a broad range of other structures and services.
Trevor contributed to the Essential IPP Guide, the Trusted Advisor Survival Kit and Advisors Seeking Knowledge. He has also written for CALU, including on the subject of Individual Pension Plans with Alexandra McQueen and JP Laporte.
Trevor was called to the Ontario Bar in 1996. He holds a Master Laws in Taxation from Osgoode Hall Law School, a Bachelor of Laws from Queen’s University, a Master of Arts in History from the University of Toronto and a Bachelor of Arts from Trinity College at the University of Toronto.
In addition to being an Associate Member of CALU, Trevor is also a member of Advocis holding the CLU designation, the Canadian Tax Foundation, Law Society of Upper Canada, Society of Trust and Estate Practioners, Hamilton Law Association, Royal Canadian Military Institute, and the Albany Club.