SPECIAL ARTICLES & BULLETINS
MAY 12, 2009
Transfer of a Life Policy and Capital Dividend Account: CALU recommendations to Finance 2009
CALU has written to the Department of Finance to recommend changes to the Income Tax Act which would accommodate the transfer of a life insurance policy from a shareholder to a corporation under the relevant section of the Act, as well as to allow a private corporation which was the beneficiary of a life insurance policy owned by a trust to have the death benefit credited to its capital dividend account.
Table Of Contents
CDA on Trust Distributions
Click on the link below to view CALU's letter to Finance re "Capital Dividend Account on Trust Distributions of Life Insurance to a Corporate Beneficiary."
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Section 85
Click on the link below to view CALU's letter to Finance re "Section 85 – Including Life Insurance in the Definition of Eligible Property."
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