Hugh MacDonald CA, CLU, FEA


Hugh MacDonald is the President and founder of the Canadian Succession Protection Company. The company is a corporate life insurance agency that specializes in providing Liquidity and Harmony to the owners of family enterprises and their families on the death of the owner. Liquidity is achieved by designing customized tax-exempt life insurance strategies for the owner and Harmony is achieved by helping the owner and her family create a Family Agreement which is well communicated to the family prior to death.

Hugh grew up and worked in his Father’s 3rd generation family enterprise and has a keen understanding of the unique dynamics of a family owned business. Hugh pursued a career as a Chartered Accountant with Ernst & Young (formerly Clarkson Gordon) in Halifax, Nova Scotia. Hugh spent most of his career managing the financial affairs of companies, primarily as Chief Financial Officer. Prior to becoming CFO, Hugh worked as Treasurer responsible for managing the corporate investments, including management of the various Pension Funds. Hugh also acted as the personal financial advisor for family, friends and the senior executives of the corporations for which he worked. Hugh is a graduate of Saint Francis Xavier University and received his Chartered Accountant designation in 1979.

After the take over of the public company in which he was CFO in 1995, Hugh opened his own insurance and estate planning practice in 1995. As an independent financial advisor, Hugh is contracted to do business with several large highly-rated life insurance companies. He specializes in providing tax-effective life insurance solutions to business owners, top executives and professionals. In 2008, Hugh incorporated his agency to focus on helping business owner deal with their inevitable succession at death by designing insurance based solutions to protect the value and continuity of their business, and to create and communicate a family agreement.

Hugh works very closely with accountants and lawyers during the succession and estate planning process by acting as an independent life insurance resource professional. He adds value to their practices by designing innovative insurance strategies to minimize tax and to protect wealth for their clients.

Hugh is a member of the Institute of Chartered Accountants of Ontario, the Financial Planners Standards Council, Toronto Estate Planning Council, the Society for Trust and Estate Practitioners and the Institute of Family Enterprise Advisors.

Support Team

Hugh and his team of staff and strategic partners have worked for many years building up a client base of many of Canada's most successful family business owners, executives and professionals.

As a chartered accountant and former CFO Hugh positions himself and his company as a resource to provide complementary succession,estate and life insurance strategies to  professional tax and estate accountants and lawyers and their clients..