There is no tax-deferred rollover for the transfer of a life insurance policy from a partner to a partnership. The same disposition...

Advance planning is the best way to avoid what can be onerous tax consequences when transferring a life insurance policy from an...

The passive investment income rules were introduced in the 2018 federal budget. The rules result in a reduction in the small business...

Owning insurance in a corporation must be considered in valuing the shares of a company.     Here are two common examples:

The capital dividend account (“CDA”) is a notional account that exists to maintain a fundamental part of the tax system in Canada – that...

Despite the change to the CDA calculation to track the ACB to the beneficiary, there are still important reasons to have one corporation,...

Any gain arising when proceeds exceed the ACB is an income gain and is treated like interest income to the corporation If a shareholder...

When the FMV is greater than the CSV or ACB, there is no requirement for the shareholder to   receive FMV consideration on the transfer; ...

There are special provisions that will apply to the transfer of policies where corporations are amalgamated or wound up. For...

When a policy is transferred between two sister corporations that are not dealing at arm’s length, the proceeds...

A corporate rollover is not permitted: Unlike most kinds of other property, a life insurance policy cannot be transferred to a...

If a policyowner dies who is not the insured, there is a disposition of a life insurance policy when a policy is transferred unless an...

When there is a joint last to die policy and the spouses divorce, it is unlikely that the policy can be divided into two single policies...

A joint last-to-die policy is usually on the lives of two spouses. If one spouse owns the policy the other can be named...

A tax-deferred policy rollover is permitted, both inter-vivos and on death: If the transfer of the policy is to the policyholder’s spouse...

Where an individual gifts a life insurance policy to a trust, the proceeds would be the greater of CSV and ACB since no consideration...