The Valuation of Corporate-owned Life Insurance on the Death of a Shareholder

By Glenn Stephens, LLP, TEP, FEA, The valuation of life insurance policies for the purposes of Canadian tax law is subject to a confusing set of rules and interpretations. In some instances, specific provisions in the Income Tax Act (the Act) apply, and in others, more general provisions may or may not apply. Regardless, these rules are subject to the interpretation of the Canada Revenue Agency (CRA), whose pronouncements can be inconsistent and difficult to reconcile.

By |2020-10-08T16:54:22-04:00October 8th, 2020|Personal Life Insurance|Comments Off on The Valuation of Corporate-owned Life Insurance on the Death of a Shareholder

What do Boomers and Gen Y have most in common?

Both generations are struggling with their next big step — one into retirement, the other into the workforce. The parallels are remarkable. The Canadians who make up the two largest, most influential demographic groups in the country are vulnerable to challenging identity issues, partly as a result of the weak global economy. That is the key [...]

By |2020-10-08T16:42:21-04:00October 7th, 2015|Financial Planning, Personal Life Insurance|0 Comments

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