CALU Report – Employee Ownership Trusts
This CALU Report by Susan Johnson and Kevin Wark provides an overview of the legislative history for EOTs, the requirements for a trust to qualify as an EOT and the new “super exemption” that is now included in Bill C-69 currently before Parliament. Download the report
CALU Letter to Finance Canada re Capital Gains Inclusion
In this letter to the Department of Finance, we share our views and recommendations relating to the proposals in Budget 2024 to increase the inclusion rate for capital gains from one half to two thirds for all taxpayers, with an annual exemption of $250,000 for individuals other than trusts. Download now
CALU Special Report: Federal Budget 2024
Please find our latest CALU Special Report which discusses measures of greatest interest to our members and their clients from the tabling of the federal Budget 2024, Fairness for Every Generation, earlier today. We extend our thanks to Kevin Wark and Angela Ross, CALU's tax advisors, for their work in preparing this summary. Read the report
CALU Reacts to Budget 2024
CALU’s reaction to Budget 2024 including highlights of the top four measures of greatest interest to leaders in the life insurance and financial advisory industry. Read more
CALU joins SHBC Coalition
CALU recently joined the Smart Health Benefits Coalition (SHBC), a new health benefits collective which will be actively engaged in the pharmacare legislation currently before Parliament. CALU is lending its voice to help provide prescription drug coverage to those who need, but cannot afford, essential medications. We believe this can best be done by preserving the current system of group insurance that works well for millions of Canadians while addressing gaps in coverage in a fiscally responsible manner. Read more Lisez plus
INFOexchange 2024 vol. 1 is now available!
This year’s first edition of INFOexchange includes the final message from our Chair, Robert McCullagh. CALU thanks you for your term in this role - much has been accomplished under your leadership. Also included is an advocacy update from Board member and Chair of the Government Relations Committee, Diane Everett, LLB, CLU, TEP, FEA, CS, followed by two expert articles from Tracy To, B.Sc., CLU, CEA, on “Navigating critical illness insurance claims”, and Florence Marino, on “Canada Revenue Agency commentary involving life insurance and trusts.” Download the report
CALU Report – The tax treatment of FHSAs on death
This CALU Report summarizes the tax treatment of funds held in a First Home Savings Account (FHSA) on the death of the holder under various scenarios. Download now
Letter to Parliamentary Committees: Intergenerational Business Transfers
Letters to the Standing Senate Committee on National Finance and the Standing Committee on Finance of the House of Commons on the issue of intergenerational business transfers in the context of its study of the subject matter of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023. Lettres au Comité sénatorial permanent des finances nationales et au Comité permanent des finances (FINA) de la Chambre des communes sur la question des transferts intergénérationnels d'entreprises dans ...
CALU pre-budget submission to the Department of Finance for “Let’s Talk Budget 2024”.
CALU’s pre-budget submission to the Department of Finance in advance of Budget 2024. It recommends that the federal government:Support the successful transition of small businesses to family membersEnsure the self-employed remain an important pillar of employment and economic growthEnhance the retirement income system for younger and older CanadiansMaintain and enhance the availability of dental plans offered by small businesses View the submission
CALU submission to Finance on draft legislative proposals relating to short-term rentals
CALU comments on draft legislative proposals relating to short-term rentals released by the Department of Finance on December 20, 2023. View the submission
