CALU in Insurance Journal re: Business tax and retirement fund changes
CALU quoted in Underwriters call for a thoughtful approach to business tax and retirement fund changes by Kate McCaffery on Insurance Portal. (Subscription required) Read the article
Pre-budget submission to the Department of Finance for “Let’s Talk Budget 2023”
CALU pre-budget submission to the Department of Finance for “Let’s Talk Budget 2023”. View the submission
CALU Practice Note – Best practices for insured leveraging programs – Part I (revised)
In November 2022, a Practice Note on insured leveraged programs (Part I) was released to members. Based on member feedback, this revision clarifies some of the discussion in the section entitled “What insurance products are suitable for leverage programs?”. Should you have any questions please contact Kevin Wark (kwark@calu.com). (Members only) Download now
CALU 2022 Year in review
Let's take a look back at CALU's achievements in the big year that was 2022. Check out our latest year in review document for a recap of everything you participated in, or may have missed out on in the past year. Read the document
CALU in Advocis Forum magazine
Read the latest article from CALU Tax Advisor, Kevin Wark in the Advocis Forum magazine on how separation or divorce can affect your client's estate planning. Read the article
INFOexchange 2022 vol. 4 is now available
INFOexchange 2022 volume 4 is now available. The issue includes a message from our Chair, Kelly Adams on our priorities, membership and preparations for the 2023 AGM, as well as an advocacy update from the Chair of the Government Relations Committee, Kate Pal. Also included are two expert articles authored by Wesley Novotny, Bennett Jones LLP and CALU Tax Advisor, Kevin Wark on "Employee ownership trusts: A new Canadian succession option on the horizon" and "Conflicts of interest". (Members only) Download now
CALU Report – Inflation and the impact on CPP and OAS
CALU is pleased to announce the release of the latest CALU Report entitled “Inflation and the impact on CPP and OAS” by CALU member Lea Koiv. This article discusses how the design of the CPP and OAS programs not only helps retirees manage inflation risks, but can also significantly influence when to elect to start benefit payments. It also discusses other important plan features that should be kept in mind when helping clients make the important decision on when to commence CPP and OAS benefit payments. (Members only) Download the report
CALU Practice Note – Best practices for insured leveraging programs – Part I
This Practice Note (Part I) will primarily focus on issues relating to marketing leveraged programs, client communications and disclosure, due diligence on lending arrangements and longer-term management issues. A following Practice Note (Part II) will build on previously issued Practice Notes and focus on the key tax issues pertaining to leveraged insurance strategies. The overall objective of this Practice Note (Parts I and II) is to provide guidance to CALU members on how to identify appropriate clients for insured leveraging programs and ensure they have the necessary information/advice so they can make an informed decision before implementation. Each client’s ...
CALU submission to Finance on LI in LI trusts
CALU submission to request an amendment to the Income Tax Act in response to Canada Revenue Agency (CRA) interpretations relating to the ownership of life insurance by a life interest trust. The CRA has taken the position that, where the terms of a trust permit the trustee to fund a life insurance policy, the trust will not meet the conditions set out in subparagraph 70(6)(b)(ii) or 73(1.01)(c)(i) to be a spousal or common-law partner trust. In particular, the CRA’s view is that if the terms of the trust permit the payment of premiums by the trust, this can result ...
New federal tax proposals and legislation – The top five
CALU has prepared a document listing the top five items you should know about from the federal government's Fall Economic Statement 2022 and new budget implemenation legislation (Bill C-32) tabled last week. Download now
