Dealing with Private Company Shares at Death; Post-mortem and Insurance Planning (Part II)
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 Report published in March 2025 dealt with an individual who owns common shares of an investment corporation at death. We extend our thanks to CALU’s Tax Advisor, Kevin Wark ...
Policy Loans and the Capital Dividend Account
Our latest Tax Byte focusses on some of the tax issues and conclusions arising from an inquiry relating to the impact of policy loans on the calculation of the capital dividend account (CDA) of a corporation. We extend our thanks to Patrick Uzan for his review of the publication. Download now
2025 federal election platform tracker
A summary of commitments by four major political parties on key tax and related issues in advance of the April 28, 2025 federal election. Read more
Leveraging Life Insurance Policies Checklist
This insurance leveraging checklist is intended for advisor use with clients who are approached on more aggressive or complex leveraging structures. The comprehensive checklist identifies questions advisors and clients should consider before proceeding with a leveraged insurance transaction, including the evaluation of potential issues or risks. The checklist provides links to related Practice Notes and other CALU publications as background information. (Members only) download now
INFOexchange 2025 vol. 1 is now available!
In our first INFOexchange of 2025, you’ll read: Final message from CALU’s Chair of the Board of Directors, Jeff Wilson Government Relations column Expert article on “A gift is a gift … Until it’s not: gifted survivorship interests in land” by Suzana Popovic-Montag, Hull & Hull LLP Expert article on “Widowed spouse not liable for deceased spouse’s tax debt” by Sanjana Bhatia, Scotia Wealth Management. We extend our thanks to Daniel Balofsky from BMO Insurance and Lucas Gareri from Manulife for their review of this article. (Members only) Download the report
Dealing with Private Company Shares at Death; Post-mortem and Insurance Planning (Part I)
This CALU Report by Jeannie Lim and Hemal Balsara is the first of a two-part series dealing with post-mortem tax planning for an individual who owns private company shares at death. This publication deals with an individual who owns common shares of an investment company at death while Part II will address the ownership of fixed-value preferred shares of an operating company. It updates a 2009 CALU Report on the same subject considering several significant tax changes since that time. We extend our thanks to CALU’s Tax Advisor, Kevin Wark and CALU Members and Associate Members Stuart Dollar, Florence ...
A Fresh Look at the Capital Gains Rollover Provision
Read our latest “Tax Byte” which focusses on a lesser-known tax planning option – the capital gains roller provision of the Income Tax Act (ITA). This six-page article reviews the main elements of the provision, discusses current proposals to expand its scope and concludes with commentary on the urgent need to review and rationalize the various provisions of the ITA that apply to small businesses owners. Download now
Highlights from 2024 Fall Economic Statement
Read CALU’s summary of the 2024 Fall Economic Statement, including details on the following topics: Small Business Share Rollover, Implementing the Canadian Entrepreneurs’ Incentive, Cracking Down on Tax Evasion and Exempting the Canada Disability Benefit from Tax. Read more
AMT Update: Legislation Enacted and Proposed Amendments
In an update from our September 2023 CALU Report, this publication discusses recently enacted changes to the Alternative Minimum Tax (AMT) that will apply starting in the 2024 tax year and additional technical amendments proposed in August 2024 draft legislation. The CALU Report also addresses related planning implications for high-income Canadians. We extend our thanks to Will Anderson from PwC for his work on this publication. Download Now
