SPECIAL ARTICLES & BULLETINS
MAY 12, 2009
Disability Benefits under UL policies: CALU submission to CRA 2009
On April 1, 2009, CALU wrote to the Canada Revenue Agency (CRA) about a December 2008 CRA Technical Letter which questioned whether the payment of disability benefits under a universal life policies from the accumulating fund was in fact a disability benefit for income tax purposes. Our arguments are similar to the arguments CALU made in 2000 with respect to payments made at the first death under a joint last-to-die policy.
Table Of Contents
Copy of CALU's Letter
Click on the link below to view a copy of CALU's letter to CRA re "Canada Revenue Agency Technical Interpretation Letter 2007-025759, dated Dec. 15, 2008."
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Joint Last-to-Die 2000 History
Click on the link below to view the arguments made in 2000 with respect to payments made at the first death under a joint last-to-die policy.
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