CALU Practice Note – Term Riders and short-pay permanent policies
This Practice Note discusses potential concerns with using term riders for the primary purpose of creating short-pay (less than five years) permanent policies. It also shares the steps CALU has taken to develop an industry consensus on how to deal with these concerns, and guidance in terms of illustrating term riders on permanent policies. (Members only) Download the report
CALU Report – Insurance trusts
A life insurance trust is an effective vehicle for distributing life insurance proceeds in a way that meets the particular needs of both the insured and beneficiaries, with the proceeds benefiting from creditor protection and probate avoidance. In this CALU Report Dianna Flannery reviews the circumstances where a life insurance trust may be used, how to properly establish a life interest trust, as well as related tax and other planning considerations. (Members only) Download the report
CALU Practice Note – Best practices for insured leveraging programs – Part II
This Practice Note (Parts I and II) is designed to provide guidance to CALU members on how to identify appropriate clients for insured leveraging programs and ensure you have the necessary information to guide them and their other professional advisors in making an informed decision before implementation. Each client’s circumstances will of course influence the nature of the information that needs to be provided. Practice Note (Part I), published for CALU Members earlier this year, focused primarily on issues relating to marketing leveraged programs, client communications and disclosure, due diligence on lending arrangements and longer-term management issues. This Practice ...
INFOexchange 2023 vol. 1
INFOexchange 2023 volume 1 is now available. The issue includes a final message from our Chair, Kelly Adams, as well as an advocacy update from the Chair of the Government Relations Committee, Kate Pal. Also included are two expert articles authored by Demetre Vasilounis, Fasken and Florence Marino, B.A., LL.B., TEP, Head of Tax, Retirement & Estate Planning, Manulife on “Estate Planning for Millennials and Gen Z” and “Holdco owner/opco beneficiary – A real case with different facts”. (Members only) Download the report
CALU Special Report: Federal budget 2023
This Special Report highlights measures of greatest interest to our members and their clients from the tabling of the federal budget 2023 yesterday. We extend our thanks to Kevin Wark and Angela Ross, CALU's tax advisors, for their work in preparing this summary. (Members only) Download the report
CALU Report – Are wealthy Canadians paying their fair share of tax?
In Budget 2022, the federal government committed to examining a new minimum tax regime to ensure that all wealthy Canadians pay their fair share of tax. The 2022 Fall Economic Statement indicated that detailed proposal and path for implementation will be released in Budget 2023, which is now set for March 28th. This CALU Report will review the existing AMT rules and discuss what changes the government might consider in light of its concerns, and in turn helps position CALU to respond to any government proposals. (Members only) Download the report
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
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
