August 2016 - Dehoney Financial Group

Save Tax Before Life Insurance Tax Rules Change. Time is running out.

Take advantage of current CRA rules to save tax, and maximize wealth and cash flow.

It’s been a long time since major changes were made to life insurance legislation in Canada that negatively impact your ability to save tax. That’s all about to change with the introduction of new exempt test rules for life insurance policies. This new legislation has a negative impact on the tax benefits of certain insurance strategies. Your options? Plan now and take advantage of the current and more favourable Canada Revenue Agency (CRA) rules. Policies issued prior to January 1, 2017 […]