This CALU Report is the second of our two-part series on post mortem tax planning for individuals who own private company shares at death and the benefits of corporate-owned life insurance. Written by Hemal Balsara and Jeannie Lim, the publication discusses the situation of an individual shareholder who owns fixed-value preferred shares of an operating company including the tax consequences arising from three planning scenarios.
Part I of this CALU deals with an individual who owns common shares of an investment corporation at death. It was originally published in March 2025 and updated in July 2025 to reflect the cancellation of the proposed increase in the capital gains inclusion rate from one-half to two-thirds proposed in Budget 2024.
We extend our thanks to CALU’s Tax Advisor, Kevin Wark and CALU members Florence Marino and Bryan McNulty for their review of CALU Report Part II.
