In this CALU Special Report, Valuing corporate owned life insurance – A new twist, Kevin Wark, LLB, CLU, TEP, Tax Advisor, CALU takes a look into the valuation of corporate-owned life insurance in determining Ontario estate administration taxes. The recent Crichton court case and a response from the Ministry of Finance to CALU’s request for interpretation have left the situation somewhat unclear for Ontario, and potentially for other high probate tax jurisdictions such as British Columbia and Nova Scotia.
(Members only)
