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Canadian Taxation of Life
Insurance, Fifth Edition |
For those who practice in the field of
business or personal tax and estate planning, a clear understanding of current
rules for taxation of life insurance policies and annuity contracts is a vital
requirement for success.
Canadian Taxation of Life Insurance is a
comprehensive reference source that provides inestimable assistance to lawyers,
accountants and financial and insurance advisors in supplying clients with
business or personal tax and estate planning advice — and in evaluating,
planning and maximizing the potential product benefits that life insurance
products provide. The income tax rules applicable to life insurance policies
are discussed from a current and historical perspective. |
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The book discusses in detail the use of
life insurance in estate and business planning contexts and the resulting tax
consequences associated with these uses. In addition to the tax consequences of
life insurance in the corporate, partnership or personal contexts, this book
also discusses the accounting consequences associated with certain of these
contexts. The tax consequences associated with common transactions involving
life insurance policies, for example, transfers of ownership or other
dispositions of a policy, are also discussed in depth.
Current to
August 1, 2009, the fifth edition includes a new chapter on leveraged life
insurance, with detailed discussion on the Supreme Court of Canada decision in
"Lipson" and the application of the general anti-avoidance rule. It also
includes new commentary on: the use of life insurance in family business
succession planning, life insurance as a corporate investment, planning
opportunities and accounting for insured annuities, and Canada Revenue Agency's
comments on policy loans and features that give rise to dispositions of life
insurance policies.
Topics include:
- History of life insurance policy taxation
- Description of life insurance products
- Taxation of life insurance policies, and valuation
issues
- Personal life insurance needs and applications
- Business insurance needs
- Split-dollar insurance arrangements
- Trusts and life insurance
- International issues
- Life insurance and partnerships
- Insurance and charitable giving
- Annuities and segregated funds
- Annuities: contracts, deferred, insured and planned
giving
- Taxation of structured settlements
- Segregated funds.
This title is updated biennially. The fifth edition
was released March 2010. |
| DESCRIPTION |
| Authors |
Edited by Florence Marino, B.A., LL.B.,
and Gail Grobe, C.A., C.F.P., of the Tax and Estate Planning Group, Manulife
Financial |
| Publisher |
Carswell |
| Year of release |
2010 |
| Format |
Softcover |
| Pages |
598 pages |
| Catalogue No. |
978-0-7798-2327-7 |
| Price |
110.00$ |
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| Bilingual |
No |
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2000-2012
1185, rue University, Montréal, Québec, Canada, H3B
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Téléphone: (514) 954-1633 · Ligne sans frais:
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