Technical planning support

More than one-third of independent business owners plan to exist their businesses within the next five years, according to a 2018 CFIB survey.

Read about general provisions of U.S. estate tax, relief provided by the Protocol, and – in light of the Protocol – specific life insurance planning opportunities.

Often a company may want to transfer corporate-owned life insurance to the insured.

Life insurance makes tax-efficient wealth transfer to the next gen during life – not simply after death – possible.

A policyholder may choose to transfer ownership of an interest in a life insurance policy to another person.

Individuals who own “prescribed annuity contracts” receive special tax treatment. Here’s more information about how and why.

Life insurance policies offer the attractive feature of creditor protection.

In divorce or separation, individuals often divide jointly held assets, and in some cases new support obligations start.

Many professionals now have the opportunity to run their business as a professional corporation.

Generally, all of an individual or entity’s assets are security for unpaid debts, whether there’s bankruptcy or not.

The legislative background and tax consequences of owning a non-registered deferred annuity.

Recent developments in the area of probate fees.

Deciding to purchase life insurance, and ensuring the intended beneficiaries receive the proceeds, are integral to any estate plan.

A technical resource article covering issues related to taxable income on gains upon policy disposition.

Before placing property in a joint ownership arrangement, consider these issues.

Employee group benefit plans may be used to provide select group(s) (e.g., an executive group) supplemental or replacement benefits above and beyond standard coverage.

A technical resource article covering details related to insured annuities.

Estate plans that include life insurance may be significantly impacted when a marriage ends.

A detailed exploration of the tax treatment on policy loans and policy dividend payments.

For many a Power of Attorney (POA) –utilized while a grantor is alive (and often incapacitated) – is essential to an estate plan.

The basic rules related to charitable giving through life insurance and charitable giving strategies involving life insurance.

How to determine if a life insurance policy qualifies as exempt, and the maximum deposit amounts allowed.

Ensure the tax implications of owning a life insurance policy corporately are understood and taken into consideration.

This Tax Topic will review valuation issues involving corporate-owned insurance, specifically, the valuation of shares held by a deceased shareholder for capital gains purposes. Certain other valuation issues are also mentioned.

This Tax Topics will review valuation issues involving corporate-owned insurance, specifically, the valuation of shares held by a deceased shareholder for capital gains purposes. Certain other valuation issues are also mentioned.

The taxation of private corporations in Canada is based upon the fundamental principle of tax integration.

Issues addressed by shareholder agreement when disability triggers a Buy-Sell event.

Where the Capital Dividend Amount is less than the full redemption amount.

Using corporate-owned insurance to fund the buy/sell commitment with the criss-cross method.

Using corporate-owned insurance to fund the buy/sell commitment with the corporate redemption method.

The criss-cross purchase method and the buy/sell commitment using personally-owned insurance.

Using corporate-owned insurance to fund the buy/sell commitment with the promissory note method.

For individuals, an estate plan is incomplete without a Will.

This tax topic will discuss the special tax issues relating to farming and fishing businesses.

Income tax and legal implications of the Split Dollar concept.

The tax consequences of stand-alone critical illness insurance in the corporate context.

A technical resource article covering issues related to the taxation of disability insurance.

Minimize tax burden on death and on distribution of assets.

What is a private health services plan and how are they taxed? Do living benefits products qualify as PHSP?

The nature of critical illness insurance and its taxation in the individually owned context.

Review this primer to help clients better manage taxes on death.

A summary of legislation passed in June 1998 and its effects on corporate-owned life insurance.

This Tax Topic discusses utilizing an over-funded life insurance policy as collateral for a bank loan.

As a general rule, premiums paid under a life insurance policy are not an allowable deduction for income tax purposes.

Corporations purchase life insurance for many reasons (e.g., fund a buy-sell agreement, use as collateral, cover loss of key employee).

The rules relating to the deduction of interest expense for tax purposes in general, and, in relation to leveraged life insurance

Consider these issues and tax implications where a client acquires an exempt life insurance policy but intends to access its cash value through collaterally assigning it in the future.

Consider these issues and tax implications where a corporation acquires an exempt life insurance policy but intends to access its cash value through collaterally assigning it to a bank in the future.

A hybrid method: Using corporate-owned insurance to fund the buy/sell commitment with the promissory note and corporate redemption methods in one agreement.

On emigration, Canada imposes a "departure tax" - a deemed disposition on departure. Similar rules apply on immigration to Canada

The use of a trust can be important for both tax and non-tax reasons.

Taxing disability benefits under a life insurance policy.

A review of the rules governing RCAs and some alternatives to funding them.

Avoid losing G2 status for life insurance policies under new tax rules.

How income tax rules that concern grandfathered policies differ from those for non-grandfathered policies.

Information on whether a policy should be personally- or corporately-owned.

For income tax purposes, a life insurance policy will either be considered exempt or non-exempt.

Estate planning goals often include tax effective wealth accumulation, preservation and estate value protection.

A triple back-to-backs entered into before March 21, 2013 is generally grandfathered from the LIA policy rules

Where a corporation and shareholder or employee buy CI insurance and make a Split Dollar agreement.

A chart to understand taxation of disability insurance (CS3045E).

Long-term care, long-term care taxation, and employee benefits.

Understanding taxation of personally-owned long-term care insurance.

Details of CI Insurance taxation

Many business owners don’t even know they have a problem – do you? Understanding the issues can mean financial health for you, your business and your family

A chart to understand taxation of disability insurance (CS3045E).

Details of CI Insurance taxation