New taxation rules slow down life insurance product introductions in 2017. As the end of the year arrives and, with it, the new taxation rules for life insurance, we are starting to receive information on the new life insurance products. The reasons for the carriers’ slow introduction of new products: #1. New life insurance tax […]
Category Archives: Life Insurance
01
Sep
Sep
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 […]
Income Tax Rules, Life Insurance
Save Tax Before Life Insurance Tax Rules Change. Time is running out.
29
Aug
Aug
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. […]
Income Tax Rules, Life Insurance, Tax-Saving Solutions
Time Frame Shortens on Life Insurance Tax Saving Opportunity.
29
Jun
Jun
Get your application in before October 1, 2016 insurer warns. Last week, Industrial Alliance announced that any life insurance application submitted after October 1, 2016 would be based on their new 2017 product. This news is not unexpected. With the introduction of less favourable tax rules for certain life insurance products coming into effect January 1, 2017, […]