Maximize your client’s tax benefits before the January 1, 2017 life insurance tax changes. It has been a long time since there have been major life insurance tax changes in Canada. That’s all about to change with the introduction of new exempt test rules for life insurance policies. The new legislation reflects current mortality rates, new insurance […]
Monthly Archives: January 2016
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Changes to cash reserve tax rules will increase permanent life insurance premiums. There are multiple changes to the income tax legislation resulting in an increase in Term 100 or Level Cost of Insurance Policy (LCOI) premiums. This change impacts those who want permanent life insurance at a minimum lifetime premium. While the legislation changes are […]