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
CALU 2025 pre-budget submission to the Department of Finance
CALU’s pre-budget submission to Finance Canada in advance of Budget 2025. It recommends that the federal government: Abandon its intention to implement an increase in the capital gains inclusion rate Commission an expert panel to review and report on the tax rules governing small businesses Update RRSP and RRIF rules to enhance the retirement income system for younger and older Canadians Provide a 35 percent refundable tax credit relating to the cost of dental care programs for employees of small businesses Develop pharmacare using the same general approach as the federal dental plan: supporting those without prescription drug coverage ...
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
CALU submission on changes to capital gains and corresponding measures announced in Budget 2024
Our submission to the Standing Committee on Finance (FINA) on its study of “Changes to Capital Gains and Corresponding Measures Announced in Budget 2024” explains that the true measure of their impact must consider other tax changes that have been implemented since 2018. We also note that the Budget 2024 capital gains proposals add to and exacerbate the already heavy burden of tax complexity and costs for small business owners. Ultimately, we recommend that the federal government commission an expert panel to review the tax rules governing small business taxation with a view to harmonizing the treatment of various types ...
CALU submission on technical tax bill: Trust reporting rules, graduated rate estates and more
CALU submission to Finance Canada on changes to various provisions of the Income Tax Act contained in technical amendments released on August 12, 2024 including trust reporting rules, graduated rate estates and more. download now
CALU submission on legislative proposals relating to Budget 2024: Employee ownership trusts (EOT)
CALU submission to Finance Canada on the capital gains exemption on qualifying sales to employee ownership trusts (EOT) provided in legislative proposals relating to Budget 2024 released on August 12, 2024. download now
CALU Special Report: Update on Life Insurance in Life Insurance Trusts
This CALU Special Report provides an update on CALU’s request for a legislative amendment to permit a life insurance trust to own and fund a life insurance policy and discusses options available to plan for the tax liability that can arise on the death of a life interest beneficiary. We extend our thanks to CALU’s tax advisor, Kevin Wark and Associate Members Florence Marino, Hemal Balsara, Stuart Dollar and Patrick Uzan for their work in preparing this publication. Download now
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 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 submission to Finance on DRD proposals
CALU writes Finance Canada to communicate our concerns with proposals contained in the 2023 federal budget (Budget 2023) that would deny the dividend received deduction (DRD) for dividends received by life insurance companies on shares that are mark-to-market property. View the submission View the attachment
