Cindy David named as CALU’s third female chair

OTTAWA, ON, May 11, 2020 — Cindy David, CFP, CLU, FEA, TEP, has been elected Chair of the Board of the Conference for Advanced Life Underwriting (CALU) for the 2020-2021 term. As the third female chair in the board’s 29-year history and the second in eight years, Cindy’s appointment reflects CALU’s commitment to the advancement of women advisors in the industry.

Cindy brings over 25 years of experience in financial, retirement and succession planning and is a well-known voice across Canada’s business landscape. She is the President of Cindy David Financial Group Ltd., a boutique estate planning firm serving the financial, retirement and succession planning needs of families and businesses in British Columbia. An expert in helping Canadians navigate difficult times, Cindy co-authored Financial First Aid for Canadian Investors in response to the 2009 financial crisis.

Under Cindy’s leadership, one of the CALU board’s priorities is to help advance the organization’s call for a national seniors’ strategy.

“The pandemic has shone a spotlight on Canada’s looming crisis in long-term care and the financial insecurity faced by retirees,” Cindy says. “It’s time for governments at all levels to come together with industry and other stakeholders to examine the needs of seniors. We need to look at the impact of an aging population on government policies and funding and come up with sustainable solutions.”

She believes the solutions should include policies for pensions and retirement savings that are fair for all and better reflect the financial risks arising from the increased longevity of Canadians.

Supporting CALU to advocate for tax fairness for the hundreds of thousands of independent business owners who will help reinvigorate Canada’s economy in the coming year is another priority for the new CALU board and chair.

Cindy is committed to CALU’s objective of increasing the number of women advisors in the profession and has made it a priority to support new advisors through the challenges of the pandemic. She has been recognized as one of the “Women of Influence in Canada’s Life Insurance Industry” by The Insurance and Investment Journal and is a contributor to Business in Vancouver’s Retirement Ready magazine and BCBusiness. A believer in giving back, Cindy also sits on the boards of the Insurance Council of British Columbia and Junior Achievement Canada.


About the Conference for Advanced Life Underwriting (CALU)
CALU promotes a deeper understanding of complex financial and tax initiatives for members and clients and influences sound public policy. It represents the interests of 650 industry leading members including insurance and financial advisors as well as accounting, tax, legal and actuarial professionals. Through a synergistic relationship with Advocis, CALU speaks on behalf of a community of 13,000 financial advisors on advanced planning issues.

Click here to see the board of directors for the 2020-2021 term.


To arrange an interview with Cindy, or for more information on solutions CALU recommends to help address the crisis in long-term care, please contact:
Mary Ann Prychoda
Communications Advisor, CALU

How To Estate Plan the Family Cottage

With the value of some cottage properties likely decreasing sharply due to COVID-19, those who may be thinking about making a potentially taxable transfer with long-term goals in mind may want to do so now. In a new article based on many years’ experience, Tim Brown, Lawyer at Richards Buell Sutton LLP, provides sound advice on the problematic issue of passing the family cottage to the next generation.

Read the full article here.

About the Author
Tim Brown is the Leader of Richards Buell Sutton’s Wealth Preservation and Estate & Wealth Advisory Practice Groups. Tim’s preferred areas of practice are Business Succession and Estate Planning, Corporate law, and Private Business & Family Enterprise Planning. He has an astute ability to work in conjunction with US legal and tax specialists in assisting Canadians with US-based estate planning, and Americans with Canadian-based estate planning. While not an agent, Tim has a special skill set with life insurance-based planning.

COVID-19 Update

As COVID-19 transmissions increase, extraordinary and escalating measures (and unexpected impacts) are now rapidly coming into effect across all levels of society, business, industry, and leisure, in Canada and worldwide.

While the Public Health Agency of Canada is still assessing the public health risk associated with COVID-19 as low for Canada for now, new developments related to the spread of the coronavirus worldwide and in Canada, beyond the rapid increase in the number of infections, include:

  • additional restriction on all non-essential travel by many organizations (including Sun Life, Manulife, PwC)
  • the cancellation of numerous events in all sectors of the economy
  • the recommendation by the Canadian Public Health Agency, some provincial governments and health agencies/chief medical officers of health to:
  • restrict out-of-province and out-of-country travel
  • self-isolate for two weeks after out-of-country travel, and
  • cancel large indoor events over 250 people (Canada, Ontario, Quebec and Alberta to date)
  • Parliament has adjourned until April 20 and the federal Budget scheduled for March 30 has been postpone).

Almost all insurance companies have initiated changes to work practices – including remote work wherever appropriate, postponing conferences and educational events, restricting meetings or gatherings of more than 25 people, and encouraging the use of virtual technologies to ensure business is moving as usual.

As you may know, I am currently on the Board of Directors for CALU, the Conference for Advanced Life Underwriting, which represents the interests of the financial and insurance planning community to Members of Parliament and officials of key federal government departments, in particular, Canada Revenue Agency and the Department of Finance. We have decided  to cancel the 2020 Annual General Meeting planned for Ottawa May 3-6 in an effort to reduce the spread of COVID-19.

For more information about COVID-19 impacts in Canada, you are encouraged to visit the following sites: The Public Health Agency of Canada; Infection Prevention and Control Canada and the WHO. You may also find of interest this article by our 2020 CALU AGM speaker and health columnist with The Globe and Mail, André Picard.

Our office is well equipped to continue working on your behalf. My staff will be working remotely from home until further notice. We will also be postponing any face-to-face appointments for the next two weeks.

As a reminder, let’s stay healthy and do our part to limit the spread of COVID-19 by following the recommended precautions when out in public places. If you have travelled outside of Canada, please self-isolate for at least 14 days from the day you arrived back. If you feel sick, please stay home. If you have an underlying health condition or feel you are in an at risk population, please stay home. Here is an infographic to print and post in your offices as a visual prompt.

These are complicated times, things are changing quickly and we’re committed to keeping you informed.


Cindy David, CFP, CLU, FEA, TEP
President & Estate Planning Advisor
Cindy David Financial Group Ltd.

Global economy faces gravest threat since the crisis as coronavirus spreads

Read the full report here.

The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis, according to the OECD’s latest Interim Economic Outlook.

Covid-19 is spreading from China to other regions causing human suffering and economic disruption. It is raising health concerns and the risk of wider restrictions on the movement of people, goods and services, falls in business and consumer confidence and slowing production.

The Interim Outlook presents both a best-case scenario in which the extent of the coronavirus is broadly contained and a “domino” prospect of contagion that is more widespread.

In both cases, the OECD calls on governments to act immediately to limit the spread of the coronavirus, protect people and businesses from its effects and shore up demand in the economy.

Map created by John Hopkins University.

International Women's Day 2020

International Women’s Day 2020

An equal world is an enabled world.

With 30 years of experience, I’ve kept looking for ways to grow my voice and my platform so other women can join me in the world of entrepreneurship. The success of other women I mentor (two of whom have gone on to launch successful businesses here in Vancouver) inspires me to keep climbing higher.

My vision statement, that grounds me and reminds me what I’m aiming for, is:

My goal is to lead people who are passionate, skilled, and looking for more. Together, we will transform the landscape of finance. I want to show that people who work hard, and who are passionate and smart, are fit to be leaders, no matter what.