CALU’s 2020 federal budget submission
In July, CALU submitted its annual pre-budget brief to the House of Commons Standing Committee on Finance. View the submission
CALU Report – U.S. Reporting Obligations for the Life Insurance Settlement Industry
Life insurance proceeds received on the death of a U.S. life insured are generally not taxable to beneficiaries under the U.S. Internal Revenue Code. Thus, similar to the situation in Canada, life insurance provides a tax-effective way to provide liquidity on the death of a U.S. person...