Claims

How your federal corporate tax reporting rules could change

Some brokerages might be at greater risk of being audited by Canada Revenue Agency or having to file more tax paperwork if measures proposed in Monday’s federal budget come to fruition. The federal government is proposing new requirements for corporations to notify Canada Revenue Agency if those corporations have what accountants call “uncertain tax positions.” […]

By Greg Meckbach | April 21, 2021

3 min read

What the court said when property owners refused to submit a Final Proof of Loss

Westland Insurance Company was within its rights to assume a contentious, two-year insurance claim had been resolved when two Victoria, B.C., property owners refused to submit a “Final Proof of Loss” form that had been filled out for them to sign, the B.C. Appeal Court has found. Westland paid the property owners $224,325 for a […]

By David Gambrill | April 20, 2021

4 min read

How the feds’ budget benefits the P&C industry

Insurers are hoping it will be easier for homeowners to borrow money to raise their structures in areas at risk of flood or to replace roofs in wildfire-prone regions as a result of the federal budget announced Monday. In her budget speech Monday, Deputy Prime Minister Chrystia Freeland said the government is proposing to spend […]

By Greg Meckbach | April 20, 2021

3 min read

Flames destroy unfinished condo in Langley, B.C., force nearby residents to evacuate

LANGLEY, B.C. – A huge fire has destroyed two six-storey condominium towers under construction in Langley, B.C. The fire broke out at around 9:30 p.m. Monday at the development in Langley’s Willoughby neighbourhood, about 45 kilometres east of Vancouver. The scorched remains of two elevator shafts were the only things left standing and firefighters continued […]

By Jason Contant | April 20, 2021

1 min read