Client Resources


We’ll Take Care of the Rest

Your focus is on growing your business. That’s why we handle the details and work on your behalf directly with the trusted advisors and accountants you already have relationships with. Together, we’ll coordinate to implement a plan that works for you, so you can stay focused on what matters – the success of your business.

Our Process

Armed with forward-thinking solutions and an unparalleled customer experience, our team can completely customize and execute a plan that is truly tailored to the clients’ needs, circumstances and goals. As planning is an area of great complexity, we work collaboratively with a client’s advisors, without being competitive, to garner the best result. We specialize in customizing plans according to the client’s objectives and based on the accountant’s recommendations. Once the design and implemented phases are complete, the client and their stakeholder team/advisors manage from that point onwards.

Identify Client Objectives

Through a series of ongoing meetings, including feedback from the accountants and stakeholders, we identify the client’s financial and lifestyle objectives.

and Design

Through a collaborative process, we recommend solutions and strategies that meet the clients’ objectives. We then design a custom plan with action steps for implementation.


Our team will work closely with the client’s accountants and advisors to coordinate communication, activation, and implementation of the custom designed plan.


Common Questions

A surety bond, also referred to as commercial indemnity, is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract.

Novation is the process of replacing one obligation to perform with another obligation or the replacement of a party to an agreement with a new party. Novation replaces the borrower with the surety provider in certain cases.

A collateral assignment is a method of securing a loan facility using an insurance policy as collateral, such as life insurance. If the insured person passes away before the loan is repaid, the lender can collect the outstanding loan balance from the death benefit of the life insurance policy.

Critical Illness (“CI”) insurance is an insurance product in which the insurer is contracted to make a payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy. CI can loosely be referred to as “life insurance if you live” and can be a very useful tool in planning for and ensuring the longevity of a corporation.

Non-Resident Insurance as it applies to Canadians is any insurance policy obtained from a licensed insurer anywhere outside of Canada.

Canadian residents have the option to purchase insurance either from Canadian (domestic) insurers, or international insurers. International insurers can typically offer greater flexibility on coverage, premiums and payments for Canadians. International insurers can also offer larger contracts and preferred premium payment and currency options. All insurance policies sold to Canadians follow the same standards and regulations, whether they are Canadian insurers, or international. Innovative Capital Protection has a large network of insurance companies and can arrange policies most suited to our clients’ needs and goals.

There is no difference in tax treatment based on the jurisdiction of the insurance provider, provided the currency used for the policy is the Canadian Dollar.

As with any domestic CI insurance policy issued within Canada, the insurance proceeds of a non-resident CI claim are a tax-free receipt to the CI policy owner.

Non-resident insurance is permissible under Canadian Insurance Regulations for all non-compulsory lines of insurance. Non-Resident insurance where a Canadian is the insured is treated the same as a domestically issued policy.

Capitalized and accrued interest is interest that is added to the total cost of a long-term asset or loan balance. This makes it so the interest is not recognized in the current period as an interest expense, but accrued until the time of total payment.

An insurance rider enhances coverage to the policy holder above the base plan option. Riders are often used as a financial cushion, to cover mortgage costs, or for a child’s needs and education.

A recourse loan is security for the lender based on the assets of the borrower. Recourse loans allow the borrower to go after additional assets, beyond the agreed-upon collateral, in the case of unpaid debts. With non-recourse loans, the borrower is restricted to the agreed upon collateral in the case of outstanding debts.


“I knew I had specific needs in order to secure the financial success and stability of my business. Innovative Capital Protection customized elegant solutions to get me to my goal.”

– Entrepreneurial Client, Alberta

“For over a decade I’ve trusted bringing my clients to the table with Innovative Capital Protection because they deliver results my clients can’t get from anyone else.”

– Financial Advisor, Ontario

“Speaking with Brad and his team about what they could do for me was an “a-ha moment”. The value from just our first one hour meeting with Innovative Capital Protection was incredibly significant.”

– Professional Client, British Columbia

Interested in working with us?

We work collaboratively with your own accounting and planning advisors to provide the tools to optimize the financial strength of your business.

If you’d like to learn more about what Innovative Capital Protection can do for you, talk to your advisor about us today.