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
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
Finance Canada releases draft tax legislation
Read a brief overview of the draft legislation recently released by Finance Canada for consultation including the following measures: Capital gains rollover Employee Ownership Trusts Trust reporting The publication also provides an update on outstanding tax legislation. Download now
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 ...
Implications of proposed U.S. tax changes – section 899
Read about proposed Section 899 of the “One Big Beautiful Bill Act” that could significantly increase taxes on applicable U.S. income earned by residents of Canada. Update: Section 899 was deleted by the House of Representatives before passage of the final legislation which was signed into law by President Trump on July 4, 2025. As a result, Canadians will not be subject to proposed additional taxes of up to 20 percent on gains realized from the sale of U.S. real property; income connected with a U.S. business or on U.S. based interest, dividends and rents. Download now ...
INFOexchange 2025 vol. 2 is now available!
In our second INFOexchange of 2025, you’ll read: ✔️ First 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 “Options for insuring younger clients” by Michael Earle ✔️ Expert article on “Navigating the capital dividend account” by Kevin Wark (Members only) Download the report
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 deals with an individual who owns common shares of an investment corporation at death. It was originally published in March 2025 and updated in July 2025 to reflect the ...
A Fresh Look at the Capital Gains Rollover Provision – Updated
This “Tax Byte” updates a previous version published on February 13, 2025, to reflect the election of a new federal government. This article focusses on a lesser-known planning option, the capital gains rollover provision of the Income Tax Act (ITA), by reviewing the main elements of the measure and discussing proposals to expand its scope. It concludes with commentary on the urgent need for the new administration to review and rationalize provisions of the ITA that apply to small businesses owners considering the Liberal party’s promise to conduct an expert review of the corporate tax system. Download now ...
