CALU Special Report: 2025 CLHIA – CRA Roundtable
This publication provides the full text of questions from CALU and written responses from the Canada Revenue Agency (CRA) addressed during the Canadian Life and Health Insurance Association (CLHIA) biennial CRA Roundtable on September 18, 2025. The CRA was represented by Bob Naufal, Manager, Financial Institutions Section, Income Tax Rulings Directorate, and the Roundtable moderated by Patrick Uzan, BA, CPA, CA, TEP, CLU, Vice-President, Professional Services at PPI. Additional CALU commentary follows each answer from the CRA. Topics covered in this report include: Deemed value rules for life insurance and qualified small business corporation (QSBC) shares Capital Dividend Account ...
Budget Implementation Bill introduced
This Tax Byte provides a summary of tax measures that are – and are not – included in the federal government’s Budget 2025 Implementation Act, No. 1 introduced on November 18, 2025. Download now
CALU Special Report: Federal Budget 2025
This CALU Special Report discusses measures of greatest interest to our members and their clients from the tabling of the federal Budget 2025, Canada Strong, 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 2025
CALU’s reaction to Budget 2025 including highlights of particular interest to leaders in the life insurance and financial advisory industry. Download now
Group benefit plans and shareholder benefits
This “Tax Byte” discusses a recent Canada Revenue Agency (CRA) technical interpretation on the taxable benefit issues that can arise where supplemental health benefits are offered to a limited group of senior employees/shareholders. Download now
Letter to Department of Finance on Employee Life and Health Trusts (ELHTs)
This letter to the Department of Finance provides additional recommendations on certain Employee Life and Health Trust (ELHT) rules that were proposed in their August 15, 2025, legislative package. It supplements our September 12, 2025, submission on the same matter. The letter also reiterates and explains our past recommendation for increasing the limits for Private Health Services Plans (PHSPs) and ELHTs as provided in a letter to the Department on March 31, 2022. Download Now
INFOexchange 2025 vol. 3 is now available!
In this year's third edition of INFOexchange, you’ll read: ✔️ Message from CALU’s Chair of the Board of Directors for 2025-2026, Sterling Rempel ✔️ Advocacy update from the Chair of the Tax Policy and Advocacy Committee, Melanie Weinberg ✔️ Expert article on “Unlocking probate efficiency: Life insurance and the multiple will strategy” by Lucas Gareri ✔️ Expert article on “Joint second-to-die insurance with fund value benefit on first death” by Kevin Wark (Members only) Download the report
CALU submission to Finance Canada in response to draft legislative proposals
CALU’s submission to Finance Canada in response to draft legislative proposals released on August 15, 2025 including in relation to: Capital Gains Rollover Employee Ownership Trust Capital Gains Exemption Trust Reporting Rules Employee Life and Health Trusts Outstanding Legislation Download Now
CALU 2025 pre-budget submission to the Standing Committee on Finance (FINA)
CALU’s pre-budget submission to the Standing Committee on Finance (FINA) in advance of Budget 2025. It recommends that the federal government: Promptly begin its promised review of the corporate tax system, including a focus on small business taxation. Promptly update RRSP and RRIF rules to better support the financial needs of those saving for retirement and retirees. Provide a temporary 35 percent refundable tax credit relating to the cost of dental care programs for employees of small businesses to be reviewed for effectiveness after three years. Develop pharmacare using the same general approach as the federal dental plan: supporting ...
Dealing with Private Company Shares at Death; Post-mortem and Insurance Planning (Part I – revised)
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 ...
