Archive for the ‘Insurance’ Category

ESTATE PLANNING REFRESHER: TRANSFER OF LIFE INSURANCE

Tuesday, May 31st, 2016

From time to time, we are asked about the tax consequences of transferring life insurance policies particularly in the context of some common (or not-so common) estate and trust planning scenarios involving transfers. As most people know, when a transfer of ownership of a life insurance policy occurs, the ...

Spousal trust and life insurance

Tuesday, January 19th, 2016

The Canada Revenue Agency (CRA) had an opportunity expand on their position as it applies to a trustee's duty to maintain certain income producing or capital appreciating properties which may potentially benefit a spouse during their lifetime. The CRA answer was delivered in a technical interpretation. The question posed to ...