Take advantage of current and favourable CRA rules to fund capital gains tax liabilities. It has been a long time since major changes were made to life insurance legislation in Canada that negatively impact your ability to fund capital gains tax. That’s all about to change with the introduction of new exempt test rules for life insurance […]
Author Archives: DFG
11
Jan
Jan
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 […]