CANADIAN CAPTIVE INSURANCE ASSOCIATION
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BASIC MEMBERSHIP
Basic membership is free and includes access to online resources, newsletters and information on upcoming events.
EXISTING COMPANY MEMBERSHIP
Companies with at least one existing member can add additional members for $25 CAD each. Membership includes all of the features of New Company Membership.
NEW COMPANY MEMBERSHIP
New companies can join at a cost of $100 CAD per year. Membership includes discounted rates on events, invitations to regular meetings, access to online resources, newsletters and information on upcoming events.
BRITISH COLUMBIA LEADS THE WAY AS A DOMICILE FOR CAPTIVE INSURANCE
TAXATION
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Tax deferral for captive insurance premiums
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No federal excise tax
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No provincial income tax on foreign risks
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Tax rate of 19% on foreign risks; 30% on domestic risks
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Deductibility of loss reserves
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No "mind and management" issue
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Low tax risk
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Ability to utilize any captive losses against other Canadian income
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Reduced offshore tax rate may be offset by increased costs of operation
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Reduced offshore tax rate is not available for Canadian risks
A POSITIVE REGULATORY ENVIRONMENT
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Flexible captive insurance legislation
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No specific solvency ratios
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Easy access to reinsurance markets
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Considerable latitude in the scope of allowable investments
REASONABLE CAPITALIZATION REQUIREMENTS
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$200,000 CAN minimum share equity
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Availability of high quality professional services
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