As with any project, the amount of preparation one does will directly affect its outcome. Preparation is the key to a successful and unforgettable car wash fundraising event. This chapter will discuss the first steps you need to take to ensure your eventÕs success.

ORGANIZING YOUR CAR WASH

First, you need to meet with your members and gain their approval to hold a car wash fundraising event.

Chances are you already have synergy in your group. You need to harness this synergy to make an effective team. If you already have a support structure in place, this will help tremendously.

The following pages include a number of assignments necessary to have a successful fundraiser.

CAR WASH FUNDRAISER COMMITTEE

Establishing a car wash fundraiser committee is your first step. Here are the committee member assignments:

• Event Supervisor
• Publicity Coordinator
• Event Location Coordinator

Life insurance agents are permitted to sell insurance products such as life insurance, accident and sickness insurance, individual variable insurance contracts (also called segregated funds), life annuities, disability insurance and critical illness insurance.

This licensing guide provides detailed information on the requirements for obtaining a life insurance agent licence.

Licensing Requirements

In order to obtain a licence as a life insurance agent, an applicant must:

• be sponsored by a licensed insurer throughout the first two years as an agent;
• complete the online Life Insurance Agent application accessible through Licensing Link and pay the required fee;
• hold himself/herself out publicly and carry on business in good faith as a life insurance agent only in the name in which he/she is licensed;
• not be engaged in any other business or occupation that would jeopardize the agent’s integrity, independence or competence;
• be of good character and reputation;

A guide for tracking and reporting unclaimed property specific to the insurance industry. For other types of unclaimed property that apply to your business, please refer to our Unpresented Checks Guide and our Stocks, Bonds and Employee Benefits Guide.

Property and Casualty Insurance Drafts

Drafts covered by the Unclaimed Property Law
According to the Uniform Unclaimed Property Act, drafts that are not offers to settle are considered abandoned after three years and need to be reported.

Drafts for goods and services are generally not offers to settle. Examples include:

• Drafts issued for furniture and supplies
• Drafts issued for copy machine repairs
• Drafts sent to an ambulance service for a third party

First party drafts (drafts representing policy obligations to the insured) are included in unclaimed property reporting. First party drafts which are not offers to settle include:

• Insured’s car repair bill

Introduction

If you are going to make a good choice when purchasing life insurance, you need to understand what type of policies are available. If one type of policy does not fit your needs, then ask and find out about other available policies, many of which are described in this brochure. You can research more information on life insurance policies by checking with a licensed life insurance agent or a licensed life insurance company. You can also consult life insurance books that are available in your public library, as well as life insurance information available on the Internet. The California Department of Insurance (CDI) has a toll-free Hotline and Web site that can provide further information and assistance on life insurance. Please see the many ways to contact the CDI on the last page of this brochure.

Defining Your Needs

The Corporations Tax Act

This guide is provided for convenience only. For legislative accuracy refer to the Corporations Tax Act, R.S.O. 1990, Chapter 40, as amended (“the Act”). Failure to comply with the provisions of the Act may result in loss of your Ontario Charter, dissolution and forfeiture of the corporation’s property to the Crown.

References to the Act are noted in this manner – s.5 (meaning refer to section 5).

References to the Ontario Ministry of Revenue Information or Interpretation Bulletins are noted – Inf.B.4003R1 or Int.B.3004.

Corporate Tax Harmonization and Simplifi cation

For taxation years ending after December 31, 2008, corporations have to fi le a harmonized T2 Corporation Income Tax Return with the Canada Revenue Agency. The harmonized return includes the following Ontario corporation taxes: corporate income tax (including tax credits) corporate minimum tax, capital tax, and special additional tax on life insurance corporations.

This information sheet provides general information on insolvency for directors whose companies are in financial difficulty, or are insolvent, and includes information on the most common forms of external administration.

An insolvent company is one that is unable to pay all its debts when they fall due for payment. There are serious penalties for allowing your company to trade while insolvent. If your company is in financial difficulty, you should seek independent advice on your duties and the options available.

Who is a director?
A director is not just a person appointed to that role. Under the Corporations Act 2001 (Corporations Act), a person may also be a director if they are not formally appointed but act in that role, or if the directors of the company act in accordance with their instructions or wishes.