This publication updates a CALU Report published in March 2025 to reflect the cancellation of the proposed increase in the capital gains inclusion rate from one-half to two-thirds provided in Budget 2024.
This CALU Report (as updated) is part of a series of two publications on post-mortem tax planning for individuals who own private company shares at death and the benefits of corporate-owned life insurance. It discusses the tax implications of an individual who owns common shares of an investment company, while Part II which was published in June 2025 discusses the situation of an individual who owns fixed-value preferred shares of an operating company.
Both CALU Reports were written by Hemal Balsara and Jeannie Lim from Manulife. They update CALU Reports from 2009 on the same subject considering several significant tax changes impacting post-mortem planning since that time.
