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
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
