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# CALU

Conference for Advanced Life Underwriting

## Sitemaps

- [XML Sitemap](https://calu.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Akhavan v. The King: Taxation of return of premium benefits](https://calu.com/2026/08/13/akhavan-v-the-king-taxation-of-return-of-premium-benefits/) - This short publication discusses the tax treatment of a return of premium (ROP) benefit from the maturity of a term life insurance policy, based on a recent Tax Court of Canada case, Akhavan v. The King. It explains why the ROP in the Akhavan case was taxable, discusses the tax treatment for other types of
- [CALU Practice Note - Leveraged Insurance Arrangements: Golini v. The Queen](https://calu.com/2016/08/22/calu-practice-note-leveraged-insurance-arrangements-golini-v-the-queen/) - (Members only) Download now
- [CALU Practice Note - Corporate-owned Insurance](https://calu.com/2016/09/19/calu-practice-note-corporate-owned-insurance/) - (Members only) Download now
- [CALU Special Report - Demutualization: What Happens Now?](https://calu.com/1998/12/01/calu-special-report-demutualization-what-happens-now/) - (Members only) Download the report
- [CALU Special Report - Demutualization: Income Tax Concepts and Planning](https://calu.com/1999/04/01/calu-special-report-demutualization-income-tax-concepts-and-planning/) - (Members only) Download the report
- [CALU Special Report - 2000 Federal Budget: Focus on the Future](https://calu.com/2000/02/01/calu-special-report-2000-federal-budget-focus-on-the-future/) - (Members only) Download the report
- [CALU Special Report - Demutualization Update: The “Flow Through Rules”](https://calu.com/2000/04/03/calu-special-report-demutualization-update-the-flow-through-rules/) - (Members only) Download the report
- [CALU Special Report - Economic Statement and Budget Update: The Future is Now](https://calu.com/2000/10/02/calu-special-report-economic-statement-and-budget-update-the-future-is-now/) - (Members only) Download the report
- [CALU Special Report - Federal Budget 2001: Weathering the Storm](https://calu.com/2001/12/03/calu-special-report-federal-budget-2001-weathering-the-storm/) - (Members only) Download the report
- [CALU Special Report - Romanow Report: Future of Health Care in Canada](https://calu.com/2002/11/01/calu-special-report-romanow-report-future-of-health-care-in-canada/) - (Members only) Download the report
- [CALU Special Report - Draft Amendments to the Income Tax Act](https://calu.com/2003/01/01/calu-special-report-draft-amendments-to-the-income-tax-act/) - (Members only) Download the report
- [CALU Special Report - Federal Budget 2004: Continued Fiscal Prudence](https://calu.com/2004/03/01/calu-special-report-federal-budget-2004-continued-fiscal-prudence/) - (Members only) Download the report
- [CALU Special Report - Federal Budget 2005: Keeping Commitments / Delivering Surprises](https://calu.com/2005/02/04/calu-special-report-federal-budget-2005-keeping-commitments-delivering-surprises/) - (Members only) Download the report
- [CALU Special Report - Economic and Fiscal Update 2005 – A New Plan to Promote Long-Term Prosperity](https://calu.com/2005/11/18/calu-special-report-economic-and-fiscal-update-2005-a-new-plan-to-promote-long-term-prosperity/) - (Members only) Download the report
- [CALU Special Report - Federal Budget 2006: Something for Everyone](https://calu.com/2006/05/02/calu-special-report-federal-budget-2006-something-for-everyone/) - (Members only) Download the report
- [CALU Special Report - Levelling the Playing Field: Is this the death of income trusts?](https://calu.com/2006/11/01/calu-special-report-levelling-the-playing-field-is-this-the-death-of-income-trusts/) - (Members only) Download the report
- [CALU Special Report - Federal Budget 2007: A Potpourri of Goodies](https://calu.com/2007/03/23/calu-special-report-federal-budget-2007-a-potpourri-of-goodies/) - (Members only) Download the report
- [CALU Special Report - Finance Minister’s Economic Statement: More tax reductions](https://calu.com/2007/10/30/calu-special-report-finance-ministers-economic-statement-more-tax-reductions/) - (Members only) Download the report
- [CALU Special Report - Budget 2008: New savings incentives for Canadians](https://calu.com/2008/02/01/calu-special-report-budget-2008-new-savings-incentives-for-canadians/) - (Members only) Download the report
- [CALU Special Report - Budget 2009 Tax Highlights](https://calu.com/2009/01/01/calu-special-report-budget-2009-tax-highlights/) - (Members only) Download the report
- [CALU Special Report - Budget 2010: Going for the Gold Owning the Political Podium](https://calu.com/2010/03/01/calu-special-report-budget-2010-going-for-the-gold-owning-the-political-podium/) - (Members only) Download the report
- [CALU Special Report - Budget 2011: The “Next Phase” or Election Platform?](https://calu.com/2011/03/01/calu-special-report-budget-2011-the-next-phase-or-election-platform/) - (Members only) Download the report
- [CALU Special Report - Budget 2012: Conservatives Deliver a Conservative Budget](https://calu.com/2012/03/01/calu-special-report-budget-2012-conservatives-deliver-a-conservative-budget/) - (Members only) Download the report
- [CALU Special Report - Update on 2012 Federal Budget Proposals](https://calu.com/2012/09/01/calu-special-report-update-on-2012-federal-budget-proposals/) - (Members only) Download the report
- [CALU Special Report - Budget 2013: Leveraged Insurance Strategies take a Hit!](https://calu.com/2013/03/01/calu-special-report-budget-2013-leveraged-insurance-strategies-take-a-hit/) - (Members only) Download the report
- [CALU Special Report - Budget 2014: Balanced Budgets – At the Tipping Point](https://calu.com/2014/02/01/calu-special-report-budget-2014-balanced-budgets-at-the-tipping-point/) - (Members only) Download the report
- [CALU Special Report - Rethinking RRIF Withdrawals: New Rates and Methodologies for New Realities](https://calu.com/2014/08/01/calu-special-report-rethinking-rrif-withdrawals-new-rates-and-methodologies-for-new-realities/) - On July 18, 2017, the Department of Finance released a consultation paper and draft legislation that will significantly and negatively impact the tax and succession planning arrangements of many shareholders of private corporations. CALU is very concerned with this legislation, and believes that if these proposals are enacted as described in the consultation paper it will send a very negative message that will stunt the growth of the small business sector.
- [CALU Special Report - Budget 2015: Positioning for the Fall Election](https://calu.com/2015/04/01/calu-special-report-budget-2015-positioning-for-the-fall-election/) - (Members only) Download the report
- [CALU Report - Sept/Oct 1992](https://calu.com/1992/09/01/calu-report-sept-oct-1992/) - (Members only) Download the report
- [CALU Report - Nov/Dec 1992](https://calu.com/1992/11/01/calu-report-nov-dec-1992/) - (Members only) Download the report
- [CALU Report - Working to establish commitment](https://calu.com/1993/05/01/calu-report-working-to-establish-commitment/) - (Members only) Download the report
- [CALU Report - The New Canada–U.S. Treaty Protocol Some relief – but not a cure all](https://calu.com/1994/09/01/calu-report-the-new-canada-u-s-treaty-protocol-some-relief-but-not-a-cure-all/) - (Members only) Download the report
- [CALU Report - Annual Meeting and Taxation Issues Update](https://calu.com/1995/03/01/calu-report-annual-meeting-and-taxation-issues-update/) - (Members only) Download the report
- [CALU Report - Stop-loss proposal Disintegration of Tax Structure for Private Corporations and their Shareholders](https://calu.com/1995/07/01/calu-report-stop-loss-proposal-disintegration-of-tax-structure-for-private-corporations-and-their-shareholders/) - (Members only) Download the report
- [CALU Report - Shared Ownership – The Evolution of the Split-Dollar Concept](https://calu.com/1995/10/01/calu-report-shared-ownership-the-evolution-of-the-split-dollar-concept/) - (Members only) Download the report
- [CALU Report - Are life insurance policies creditor proof? A review and update](https://calu.com/1995/12/01/calu-report-are-life-insurance-policies-creditor-proof-a-review-and-update/) - (Members only) Download the report
- [CALU Report - Income splitting: The rationale and impact of The Neuman Case](https://calu.com/1996/10/01/calu-report-income-splitting-the-rationale-and-impact-of-the-neuman-case/) - (Members only) Download the report
- [CALU Report - Taxpayer Migration Rules: Impact of proposed legislation](https://calu.com/1996/11/01/calu-report-taxpayer-migration-rules-impact-of-proposed-legislation/) - (Members only) Download the report
- [CALU Report - Stop-loss proposals: Time marches on](https://calu.com/1997/02/01/calu-report-stop-loss-proposals-time-marches-on/) - (Members only) Download the report
- [CALU Report - Applications of RCAs](https://calu.com/1997/09/01/calu-report-applications-of-rcas/) - (Members only) Download the report
- [CALU Report - The Need for Due Diligence in a Post Stop-Loss World](https://calu.com/1997/12/01/calu-report-the-need-for-due-diligence-in-a-post-stop-loss-world/) - (Members only) Download the report
- [CALU Report - Update on Creditor Protection](https://calu.com/1998/09/01/calu-report-update-on-creditor-protection/) - (Members only) Download the report
- [CALU Report - Charitable Update: A Deluge of Changes](https://calu.com/1998/12/01/calu-report-charitable-update-a-deluge-of-changes/) - (Members only) Download the report
- [CALU Report - In-Trust-For Accounts: The benefits and limitations](https://calu.com/1999/02/01/calu-report-in-trust-for-accounts-the-benefits-and-limitations/) - (Members only) Download the report
- [CALU Report - Canada’s Tax System: Is it a Contributing Factor to the Loss of Canada’s Intellectual Capital?](https://calu.com/1999/08/01/calu-report-canadas-tax-system-is-it-a-contributing-factor-to-the-loss-of-canadas-intellectual-capital/) - (Members only) Download the report
- [CALU Report - Authorized Investments for Trustees – A Changing Landscape](https://calu.com/1999/10/01/calu-report-authorized-investments-for-trustees-a-changing-landscape/) - (Members only) Download the report
- [CALU Report - The Charitable Bequest Matrix](https://calu.com/1999/12/01/calu-report-the-charitable-bequest-matrix/) - (Members only) Download the report
- [CALU Report - Probate Minimization Strategies: Tips and Traps](https://calu.com/2000/02/01/calu-report-probate-minimization-strategies-tips-and-traps/) - (Members only) Download the report
- [CALU Report - Draft Trust Tax Legislation: Planning, Opportunities and Pitfalls](https://calu.com/2000/07/01/calu-report-the-ccra-responds-tax-policy-roundtable-calu-2000/) - (Members only) Download the report
- [CALU Report - Income Tax Aspects of Employee Stock Options and Cash-Based Equity Plans](https://calu.com/2000/10/01/calu-report-income-tax-aspects-of-employee-stock-options-and-cash-based-equity-plans/) - (Members only) Download the report
- [CALU Report - Corporate Redemption Buy-Sell Arrangements and the “50% Solution” — Does it Make Sense?](https://calu.com/2000/12/01/calu-report-corporate-redemption-buy-sell-arrangements-and-the-50-solution-does-it-make-sense/) - (Members only) Download the report
- [CALU Report - A Practitioner’s Guide to Life Insurance Trust Declarations](https://calu.com/2001/02/01/calu-report-a-practitioners-guide-to-life-insurance-trust-declarations/) - (Members only) Download the report
- [CALU Report - New Tax Rules for Public Company Employee Stock Options](https://calu.com/2001/08/01/calu-report-new-tax-rules-for-public-company-employee-stock-options/) - (Members only) Download the report
- [CALU Report - Supreme Court of Canada Upholds Accepted Tax Planning Strategies](https://calu.com/2001/12/01/calu-report-supreme-court-of-canada-upholds-accepted-tax-planning-strategies/) - (Members only) Download the report
- [CALU Report - Recent U.S. Tax Changes: Impact on Cross-Border Tax Planning](https://calu.com/2002/02/01/calu-report-recent-u-s-tax-changes-impact-on-cross-border-tax-planning/) - (Members only) Download the report
- [CALU Report - From Parent to Child...Succession Readiness in Canadian Family Businesses](https://calu.com/2002/04/01/calu-report-from-parent-to-child-succession-readiness-in-canadian-family-businesses/) - (Members only) Download the report
- [CALU Report - Direct Charitable Beneficiary Designations: Planning Issues and Considerations](https://calu.com/2002/08/01/calu-report-direct-charitable-beneficiary-designations-planning-issues-and-considerations/) - (Members only) Download the report
- [CALU Report - Pension Legislation: Changes and Trends Across Canada Since 2000](https://calu.com/2002/10/01/calu-report-pension-legislation-changes-and-trends-across-canada-since-2000/) - (Members only) Download the report
- [CALU Report - Taxing Issues Surrounding Critical Illness Insurance](https://calu.com/2002/12/01/calu-report-taxing-issues-surrounding-critical-illness-insurance/) - (Members only) Download the report
- [CALU Report - Federal Budget 2003: Focus on Health Care](https://calu.com/2003/02/01/calu-report-federal-budget-2003-focus-on-health-care/) - (Members only) Download the report
- [CALU Report - Alberta Trusts: Consider Services Trusts](https://calu.com/2003/04/01/calu-report-alberta-trusts-consider-services-trusts/) - (Members only) Download the report
- [CALU Report - Canada’s New Private Sector Privacy Laws: What You Need to Know](https://calu.com/2003/08/01/calu-report-canadas-new-private-sector-privacy-laws-what-you-need-to-know/) - (Members only) Download the report
- [CALU Report - When an Estate Freeze Goes Awry](https://calu.com/2003/10/01/calu-report-when-an-estate-freeze-goes-awry/) - (Members only) Download the report
- [CALU Report - Deductibility of Interest and Other Expenses: New Developments](https://calu.com/2003/12/01/calu-report-deductibility-of-interest-and-other-expenses-new-developments/) - (Members only) Download the report
- [CALU Report - Disclosure of After-Tax Returns of Mutual Funds](https://calu.com/2004/02/01/calu-report-disclosure-of-after-tax-returns-of-mutual-funds/) - (Members only) Download the report
- [CALU Report - Corporate-owned Insurance: Revisiting Share Redemption Arrangements](https://calu.com/2004/08/01/calu-report-corporate-owned-insurance-revisiting-share-redemption-arrangements/) - (Members only) Download the report
- [CALU Report - Life Insurance on the Move: Cross-Border Tax Implications & Opportunities for Canadian and U.S. Policyholders](https://calu.com/2004/10/01/calu-report-life-insurance-on-the-move-cross-border-tax-implications-opportunities-for-canadian-and-u-s-policyholders/) - (Members only) Download the report
- [CALU Report - A Tale of REITS, Royalties and Restaurants: Income Trusts – A Primer](https://calu.com/2004/12/01/calu-report-a-tale-of-reits-royalties-and-restaurants-income-trusts-a-primer/) - (Members only) Download the report
- [CALU Report - Income Tax and Creditor Problems Concerning Corporate-owned Life Insurance: Dealing With, and Planning to Avoid, Problem Cases](https://calu.com/2005/02/01/calu-report-income-tax-and-creditor-problems-concerning-corporate-owned-life-insurance-dealing-with-and-planning-to-avoid-problem-cases/) - (Members only) Download the report
- [CALU Report - Are Partnerships Disadvantaged in Providing Group Benefits When Compared to Private Corporations?](https://calu.com/2005/04/01/calu-report-are-partnerships-disadvantaged-in-providing-group-benefits-when-compared-to-private-corporations/) - (Members only) Download the report
- [CALU Report - Viatical and Life Settlements: Investing Without a Safety Net](https://calu.com/2005/08/01/calu-report-viatical-and-life-settlements-investing-without-a-safety-net/) - (Members only) Download the report
- [CALU Report - IPPs versus RRSPs: The AIW Index Argument](https://calu.com/2005/10/01/calu-report-ipps-versus-rrsps-the-aiw-index-argument/) - (Members only) Download the report
- [CALU Report - Employees Profit-Sharing Plans](https://calu.com/2005/12/01/calu-report-employees-profit-sharing-plans/) - (Members only) Download the report
- [CALU Report - Split-Dollar Life Insurance: A Canadian/US Comparison](https://calu.com/2006/02/01/calu-report-split-dollar-life-insurance-a-canadian-us-comparison/) - (Members only) Download the report
- [CALU Report - The Capital Dividend Account & Life Insurance: Tips & Traps](https://calu.com/2006/04/01/calu-report-the-capital-dividend-account-life-insurance-tips-traps/) - (Members only) Download the report
- [CALU Report - Life Settlements: A Comparative Analysis – Canada vs. the United States](https://calu.com/2006/08/01/calu-report-life-settlements-a-comparative-analysis-canada-vs-the-united-states/) - (Members only) Download the report
- [CALU Report - The New Dividend Tax Regime](https://calu.com/2006/10/01/calu-report-the-new-dividend-tax-regime/) - (Members only) Download the report
- [CALU Report - Leveraging Life Insurance to Supplement Retirement Income](https://calu.com/2006/12/01/calu-report-leveraging-life-insurance-to-supplement-retirement-income/) - (Members only) Download the report
- [CALU Report - Post Mortem Planning Update](https://calu.com/2007/02/01/calu-report-post-mortem-planning-update/) - (Members only) Download the report
- [CALU Report - Charitable Gifting and Life Insurance: From Evolution to Revolution](https://calu.com/2007/06/01/calu-report-charitable-gifting-and-life-insurance-from-evolution-to-revolution/) - (Members only) Download the report
- [CALU Report - Potential Civil and Criminal Liability of Promoting Tax Avoidance Products](https://calu.com/2007/08/01/calu-report-potential-civil-and-criminal-liability-of-promoting-tax-avoidance-products/) - (Members only) Download the report
- [CALU Report - Changes to Dividend Taxation – Coming to GRIPs with the Impacts on Life Insurance Planning](https://calu.com/2007/11/01/calu-report-changes-to-dividend-taxation-coming-to-grips-with-the-impacts-on-life-insurance-planning/) - (Members only) Download the report
- [CALU Report - Disability Claims: Managing Expectations](https://calu.com/2008/02/01/calu-report-disability-claims-managing-expectations/) - (Members only) Download the report
- [CALU Report - Safe Harbours: Providing Protection for Canada’s Money-Purchase Plan Sponsors](https://calu.com/2008/04/01/calu-report-safe-harbours-providing-protection-for-canadas-money-purchase-plan-sponsors/) - (Members only) Download the report
- [CALU Report - Allocating Distributions from Mutual Fund Investments to the Income and Capital Beneficiaries of a Personal Trust: The Perplexing World of Who Gets What and Who Gets Taxed](https://calu.com/2008/08/01/calu-report-allocating-distributions-from-mutual-fund-investments-to-the-income-and-capital-beneficiaries-of-a-personal-trust-the-perplexing-world-of-who-gets-what-and-who-gets-taxed/) - (Members only) Download the report
- [CALU Report - Dispositions of Life Insurance Policies](https://calu.com/2008/10/01/calu-report-dispositions-of-life-insurance-policies/) - (Members only) Download the report
- [CALU Report - The “Spousal Roll and Redeem” Strategy](https://calu.com/2008/12/01/calu-report-the-spousal-roll-and-redeem-strategy/) - (Members only) Download the report
- [CALU Report - Estate Planning With Dynasty Trusts for American Beneficiaries](https://calu.com/2009/04/01/calu-report-estate-planning-with-dynasty-trusts-for-american-beneficiaries/) - (Members only) Download the report
- [CALU Report - Planning for Success: Coping with Adversity](https://calu.com/2009/06/01/calu-report-planning-for-success-coping-with-adversity/) - (Members only) Download the report
- [CALU Report - Dealing With Private Company Shares at Death: Post-Mortem and Insurance Planning (Part I)](https://calu.com/2009/08/01/calu-report-dealing-with-private-company-shares-at-death-post-mortem-and-insurance-planning-part-i/) - (Members only) Download the report
- [CALU Report - Dealing With Private Company Shares at Death: Post-Mortem and Insurance Planning (Part II)](https://calu.com/2009/10/01/calu-report-dealing-with-private-company-shares-at-death-post-mortem-and-insurance-planning-part-ii/) - (Members only) Download the report
- [CALU Report - Life After Death: Modern Genetics and the Estate Claim](https://calu.com/2009/12/01/calu-report-life-after-death-modern-genetics-and-the-estate-claim/) - (Members only) Download the report
- [CALU Report - To Bonus, Or Not To Bonus, That Is Still the Question](https://calu.com/2010/02/01/calu-report-to-bonus-or-not-to-bonus-that-is-still-the-question/) - (Members only) Download the report
- [CALU Report - Ownership of U.S. Personal Use Real Estate by Canadian Residents](https://calu.com/2010/05/01/calu-report-ownership-of-u-s-personal-use-real-estate-by-canadian-residents/) - (Members only) Download the report
- [CALU Report - The Conundrum of Joint Ownership – Who Will Inherit Your Property?](https://calu.com/2010/11/01/calu-report-the-conundrum-of-joint-ownership-who-will-inherit-your-property/) - (Members only) Download the report
- [CALU Report - Employee Life and Heath Trusts - Where Do They Fit?](https://calu.com/2011/02/01/calu-report-employee-life-and-heath-trusts-where-do-they-fit/) - (Members only) Download the report
- [CALU Report - A Trust’s 21st Anniversary- A Costly Anniversary to Forget!](https://calu.com/2011/05/01/calu-report-a-trusts-21st-anniversary-a-costly-anniversary-to-forget/) - (Members only) Download the report
- [CALU Report - Tax and Legislative Update](https://calu.com/2011/07/01/calu-report-tax-and-legislative-update/) - (Members only) Download the report
- [CALU Report - The Use of Insurance as Security for Family Law Support Obligations](https://calu.com/2011/11/01/calu-report-the-use-of-insurance-as-security-for-family-law-support-obligations/) - (Members only) Download the report
- [CALU Report - Alter Ego and Joint Partner Trusts: Where do they fit?](https://calu.com/2012/02/01/calu-report-alter-ego-and-joint-partner-trusts-where-do-they-fit/) - (Members only) Download the report
- [CALU Report - Alter Ego and Joint Partner Trusts: Where do they fit? Part 2](https://calu.com/2012/11/01/calu-report-alter-ego-and-joint-partner-trusts-where-do-they-fit-part-2/) - (Members only) Download the report
- [CALU Report - Pooled Registered Pension Plans – A Primer](https://calu.com/2013/02/01/calu-report-pooled-registered-pension-plans-a-primer/) - (Members only) Download the report
- [CALU Report - Budget 2013 – CALU Submissions to Finance re 10-8s and LIAs](https://calu.com/2013/06/01/calu-report-budget-2013-calu-submissions-to-finance-re-10-8s-and-lias/) - (Members only) Download the report
- [CALU Report - Draft Legislation Released on the Exempt Test: The Next Evolution of the Policyholder Taxation Rules](https://calu.com/2013/09/01/calu-report-draft-legislation-released-on-the-exempt-test-the-next-evolution-of-the-policyholder-taxation-rules/) - (Members only) Download the report
- [CALU Report - Cross-Border Life Insurance Planning](https://calu.com/2013/11/01/calu-report-cross-border-life-insurance-planning/) - (Members only) Download the report
- [CALU Report - Post-Mortem Planning for Small Business Owners](https://calu.com/2014/02/01/calu-report-post-mortem-planning-for-small-business-owners/) - (Members only) Download the report
- [CALU Report - Joint Tenants with Rights of Survivorship – An Appropriate Strategy?](https://calu.com/2014/06/01/calu-report-joint-tenants-with-rights-of-survivorship-an-appropriate-strategy/) - (Members only) Download the report
- [CALU Report - Section 84.1: A Trap for the Unwary](https://calu.com/2014/12/01/calu-report-section-84-1-a-trap-for-the-unwary/) - (Members only) Download the report
- [CALU Report - The Next Phase of Insurance Policyholder Taxation](https://calu.com/2015/02/20/calu-report-the-next-phase-of-insurance-policyholder-taxation/) - (Members only) Download the report
- [CALU Report - Update on the Canadian Life Settlements Market](https://calu.com/2015/05/01/calu-report-update-on-the-canadian-life-settlements-market/) - (Members only) Download the report
- [CALU Report - Tax-Efficient Compensation Strategies for Incorporated Professionals – Where do IPPs fit?](https://calu.com/2015/08/01/calu-report-tax-efficient-compensation-strategies-for-incorporated-professionals-where-do-ipps-fit/) - (Members only) Download the report
- [CALU Report - Taxable Benefits and Corporate-owned Life Insurance](https://calu.com/2015/10/01/calu-report-taxable-benefits-and-corporate-owned-life-insurance/) - (Members only) Download the report
- [CALU Report - Providing for the Disabled Beneficiary](https://calu.com/2016/02/01/calu-report-providing-for-the-disabled-beneficiary/) - (Members only) Download the report
- [CALU Report - Post-Mortem Strategies for Life Interest Trusts](https://calu.com/2016/05/01/calu-report-post-mortem-strategies-for-life-interest-trusts/) - (Members only) Download the report
- [CALU Report - RRSP Maturity Options - RRIFs vs. Registered Annuities](https://calu.com/2016/11/01/calu-report-rrsp-maturity-options-rrifs-vs-registered-annuities/) - (Members only) Download the report
- [CALU Report - Litigation Risks Associated with Life Insurance Proceeds](https://calu.com/2016/12/01/calu-report-litigation-risks-associated-with-life-insurance-proceeds/) - (Members only) Download the report
- [INFOexchange 1994 vol. 1 is now available!](https://calu.com/1994/09/12/infoexchange-1994-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “CALU active in Federal Policy Reviews” ✔️ “The Life Insurance Family Beneficiary” (Members only) Download now
- [INFOexchange 1994 vol. 2 is now available!](https://calu.com/1994/12/12/infoexchange-1994-vol-2-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Federal Policy Reviews and Pre-Budget Consultations” ✔️ “Capital Gains Exemption” ✔️ “Regulation & Consumer Protection – Financial Services” ✔️ “Life Insurance Solutions for Retirement Funding” (Members only) Download now
- [INFOexchange 1995 vol. 1 is now available!](https://calu.com/1995/09/11/infoexchange-1995-vol-1-is-now-available-2/) - In this issue of INFOexchange, you’ll read: ✔️ “Stop Loss Rules Update” ✔️ “Basic flaw in capital-dividend bill” ✔️ “Future generations face Future generations face Future generations face rising tax burden” ✔️ “Health Care Costs and Private Sector Competitiveness” (Members only) Download now
- [INFOexchange 1995 vol. 2 is now available!](https://calu.com/1995/11/13/infoexchange-1995-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Canadian Taxpayers and QDOTs: A Short Update on Qualified Domestic Trusts” ✔️ “Planning Giving in the New Paradigm” ✔️ “Canada Pension Plan: A Loss of Faith” ✔️ “Deficits and Debt: Deficits and Debt: Deficits and Debt: Understanding the Choices” (Members only) Download now
- [INFOexchange 1996 vol. 1 is now available!](https://calu.com/1996/02/12/infoexchange-1996-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Representing members’ interests” ✔️ “New Personal Trust Rules” ✔️ “Year End Tax Planning” ✔️ “Commons Finance Report” (Members only) Download now
- [INFOexchange 1996 vol. 2 is now available!](https://calu.com/1996/08/05/infoexchange-1996-vol-2-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Planning Strategies After Stop-Loss Rules” ✔️ “Leveraged Life Insurance” ✔️ “New Financial Reporting Rules Can Affect Estate Planning” ✔️ “Family Trusts: Alive and Well” by John Askin ✔️ “1997 Review of Financial Sector Legislation: White Paper released” ✔️ “The Auditor General’s Report: Advance Tax Rulings questioned” ✔️
- [INFOexchange 1996 vol. 3 is now available!](https://calu.com/1996/08/17/infoexchange-1996-vol-3-is-now-available-2/) - In this issue of INFOexchange, you’ll read: ✔️ “1997 Review of Financial Sector Legislation: White Paper released” ✔️ “The Auditor General’s Report: Advance Tax Rulings questioned” ✔️ “CPP: Consultations and Funding” ✔️ “Federal Government Proposals: Supervision of Private Pension Plans” (Members only) Download now
- [INFOexchange 1996 vol. 3 is now available!](https://calu.com/1998/08/19/infoexchange-1996-vol-3-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “1997 Review of Financial Sector Legislation: White Paper released” ✔️ “The Auditor General’s Report: Advance Tax Rulings questioned” ✔️ “CPP: Consultations and Funding” ✔️ “Federal Government Proposals: Supervision of Private Pension Plans” (Members only) Download now
- [INFOexchange 1996 vol. 4 is now available!](https://calu.com/1996/11/01/infoexchange-1996-vol-4-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Stop-Loss Rules: Legislative Update” ✔️ “Federal Pre-Budget Consultations” ✔️ “CALU Mailbag: Grandfathering and StopLoss Rules” ✔️ “Insurance-Financed Share Redemption” (Members only) Download now
- [INFOexchange 1997 vol. 1 is now available!](https://calu.com/1997/07/14/infoexchange-1997-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Future of Financial Services” ✔️ “Tax Assistance to Charitable Giving: Budget Resolution 21” ✔️ “Legislative Update” ✔️ “Charitable Giving: Special Tax Proposed” ✔️ “Pharmacare and Private Insurance” (Members only) Download now
- [INFOexchange 1998 vol. 1 is now available!](https://calu.com/1998/02/09/infoexchange-1998-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Pre-budget consultations” ✔️ “Legislative Update” by Ted Ballantyne ✔️ “Report on Tax Expenditures” (Members only) Download now
- [INFOexchange 1998 vol. 2 is now available!](https://calu.com/1998/08/17/infoexchange-1998-vol-2-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “1999 Pre-budget Consultations” ✔️ “Revenue Canada Opinions” by Ted Ballantyne ✔️ “Deadline for Family Trusts: Preparing for Jan. 1, 1999” by Robert Gould ✔️ “Retirement Income Coalition: Seniors’ Benefit Announcement” by Paul McKay (Members only) Download now
- [INFOexchange 1998 vol. 3 is now available!](https://calu.com/1998/10/12/infoexchange-1998-vol-3-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Leveraged Applications: Disclosure is Key” by Florence Marino ✔️ “Revenue Canada Opinions” by Ted Ballantyne ✔️ “Insurance Planning and Special Needs Individuals” by Kathryn Bennett ✔️ “Technology: Is There a Standard in the House?” by John Nicola (Members only) Download now
- [INFOexchange 1999 vol. 1 is now available!](https://calu.com/1999/01/11/infoexchange-1999-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “The Pros and Cons of Corporated Owned Insurance” by Jim Kraft and Kevin Wark ✔️ “Proposed Exempt Test Changes” ✔️ “Revenue Canada Opinions” by Ted Ballantyne ✔️ “Technology: Y2K — A Bug’s Life” by John Nicola (Members only) Download now
- [INFOexchange 1999 vol. 2 is now available!](https://calu.com/1999/03/15/infoexchange-1999-vol-2-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Registered Education Savings Plans Come of Age” by Susan M. Hudson ✔️ “U.S. Tax News: President Clinton’s Budget Proposals Target Life Insurance” ✔️ “Revenue Canada Opinions” by Ted Ballantyne ✔️ “Technology: Bubble.com” by John Nicola (Members only) Download now
- [INFOexchange 1999 vol. 3 is now available!](https://calu.com/1999/06/14/infoexchange-1999-vol-3-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Long-Term Care Insurance: An Integral Component of Future Retirement Plans” by Ted Ballantyne ✔️ “Revenue Canada Opinions” by Ted Ballantyne (Members only) Download now
- [INFOexchange 1999 vol. 4 is now available!](https://calu.com/1999/09/13/infoexchange-1999-vol-4-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Transfer of Ownership: The Tax Implications” by Ian Taylor ✔️ “Revenue Canada Opinions” by Ted Ballantyne ✔️ “From the courts: Singleton v the Queen” ✔️ “Technology: Accessing the Internet: Tomorrow’s Challenge for Financial Advisors” by John Nicola (Members only) Download now
- [INFOexchange 2000 vol. 1 is now available!](https://calu.com/2000/02/07/infoexchange-2000-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Family Trust IncomeSplitting Gets Harder” by Bruce Carbert ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “Mutual Fund Commissions: The Saga Continues” ✔️ “Life Insurance and Collateral Assignments in Québec” ✔️ “The Best Laid Schemes …” by Ted Ballantyne (Members only) Download now
- [INFOexchange 2000 vol. 2 is now available!](https://calu.com/2000/04/10/infoexchange-2000-vol-2-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Life Insurance as a Tax-Planning Tool” by Robin Goodman and Glenn Stephens ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “Technology: The Virtual Advisor” by John Nicola (Members only) Download now
- [INFOexchange 2000 vol. 3 is now available!](https://calu.com/2000/07/10/infoexchange-2000-vol-3-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “A New Policy Framework for Financial Services” by Ted Ballantyne ✔️ “Federal Legislation Update” ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “From the Courts: Singleton Update” (Members only) Download now
- [INFOexchange 2000 vol. 4 is now available!](https://calu.com/2000/11/20/infoexchange-2000-vol-4-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Charitable Gifting Strategies: Opportunities for CorporateOwned Life Insurance” by Glenn Stephens ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “Technology: From Bits to Wisdom” by John Nicola (Members only) Download now
- [INFOexchange 2001 vol. 1 is now available!](https://calu.com/2001/02/12/infoexchange-2001-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Civil Penalties: What is the Current Status?” by Ted Ballantyne ✔️ “From the Courts: Creditor-Proofing Update: Can an Insured RRSP be Garnished for Taxes?” ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “Technology: Phoenix Rising” by John Nicola (Members only) Download now
- [INFOexchange 2001 vol. 2 is now available!](https://calu.com/2001/05/14/infoexchange-2001-vol-2-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “SERP Update” ✔️ “From the Courts: Sale of Client Lists” ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “Commentary: Disintermediation” by David Chalmers (Members only) Download now
- [INFOexchange 2001 vol. 3 is now available!](https://calu.com/2001/09/10/infoexchange-2001-vol-3-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “CALU: Member driven” by Ron Hansell ✔️ “Tax Consequences of Transfers Between Trusts: The New Rules” by Simon Thompson ✔️ “CCRA Opinions” by Ted Ballantyne (Members only) Download now
- [INFOexchange 2002 vol. 1 is now available!](https://calu.com/2002/02/11/infoexchange-2002-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Pan-provincial Tax Update: Impact on Financial Planning” by Derek de Gannes ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “From the Courts: No Stone Unturned: The Troubling Case of Stone v. Stone” by Susan Hudson & Kathryn Bennett ✔️ “Practice Management” by Paul Tompkins (Members only) Download now
- [INFOexchange 2002 vol. 2 is now available!](https://calu.com/2002/05/13/infoexchange-2002-vol-2-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Securities Commissions Paid to an Unregistered Corporation: Regulatory Update” by Ed Rothberg ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “CALU Issue Group on Employee Benefits: The Future of Benefits . . .” ✔️ “Practice Management: An Ounce of Protection . . .” by Ted Polci (Members only)
- [INFOexchange 2002 vol. 3 is now available!](https://calu.com/2002/09/09/infoexchange-2002-vol-3-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “The Reasonable Expectation of Profit Test Becomes Reasonable” by John R. Mott ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “U.S. Tax News: New IRS Election Procedure to Defer Taxation of Canadian Retirement Benefits” by Leslie R. Kellogg ✔️ “Practice Management: .NET — The Empire Strikes Back” by
- [INFOexchange 2002 vol. 4 is now available!](https://calu.com/2002/12/16/infoexchange-2002-vol-4-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “All Employers Will Feel the Impact of Privacy Law” by Ron Hansell ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “From the Courts: Client Lists and Interest: The Queen v Gifford” by Susan Ellis & Ted Ballantyne ✔️ “Practice Management: Ideas for the Living Benefits Practitioner” by Terry
- [INFOexchange 2003 vol. 1 is now available!](https://calu.com/2003/01/13/infoexchange-2003-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “The IRS walks softly . . . but carries a big stick!” by Joan Young ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “U.S. Tax News: White House Proposes Major Changes in National Savings and Retirement Policies” ✔️ “Opinion: Illustrating Integrity” by Bob Gould (Members only) Download now
- [INFOexchange 2003 vol. 2 is now available!](https://calu.com/2003/05/12/infoexchange-2003-vol-2-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “In Response: Universal Life — How Does it Really Work?” by Susan St. Amand ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “The IRS Cracks Down on Foreign Trust Reporting on Canadian Retirement Plans” by Dean T. Smith (Members only) Download now
- [INFOexchange 2003 vol. 3 is now available!](https://calu.com/2003/09/15/infoexchange-2003-vol-3-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “The Future of Permanent Insurance” by Kevin Wark ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “Department of Finance Comfort Letter: Last survivor annuity contracts held by joint spousal or common-law partner trusts” ✔️ “The IRS and Canadian Retirement Plans – An Update” by Dean T. Smith ✔️
- [INFOexchange 2003 vol. 4 is now available!](https://calu.com/2003/12/08/infoexchange-2003-vol-4-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Charities Receiving Life Insurance Proceeds” by Wayne Stone ✔️ “CCRA Opinions” by Ted Ballantyne ✔️ “U.S. Tax News: Impact of Dividend and Capital Gains Tax Cuts in 2003 Tax Act” by Ted Ballantyne (Members only) Download now
- [INFOexchange 2004 vol. 1 is now available!](https://calu.com/2004/02/09/infoexchange-2004-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “The Need for Integrated Health and Productivity Management” by Paula Allen ✔️ “CRA Opinions” by Ted Ballantyne (Members only) Download now
- [INFOexchange 2004 vol. 2 is now available!](https://calu.com/2004/05/10/infoexchange-2004-vol-2-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “The Need for Integrated Health and Productivity Management” by Paula Allen ✔️ “CRA Opinions” by Ted Ballantyne (Members only) Download now
- [INFOexchange 2004 vol. 3 is now available!](https://calu.com/2004/09/13/infoexchange-2004-vol-3-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “RRSP Update: Recent Developments in Creditor Protection” by Ted Ballantyne ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “From the Courts: Cost-Plus Plans for Shareholders” by Ted Ballantyne (Members only) Download now
- [INFOexchange 2004 vol. 4 is now available!](https://calu.com/2004/12/13/infoexchange-2004-vol-4-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Understanding “Net Cost of Pure Insurance”” by Florence Marino ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “From the Courts” by Ted Ballantyne ✔️ “Practice Management: The Impact of Longevity on the Mature Practice” by Joan Young (Members only) Download now
- [INFOexchange 2005 vol. 1 is now available!](https://calu.com/2005/02/07/infoexchange-2005-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Living Buyouts – Do They Work?” by Virginia Mawer ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “Québec News: Limitation on Deductibility of Investment Expenses” by Hélène Marquis (Members only) Download now
- [INFOexchange 2005 vol. 2 is now available!](https://calu.com/2005/05/16/infoexchange-2005-vol-2-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “2005 Budget Provides Some Relief for Disabled Canadians” by Rachel L. Blumenfeld & Amanda Stacey ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “Opinion: Permanent Disability: What Does it Mean?” by Peter Everett (Members only) Download now
- [INFOexchange 2005 vol. 3 is now available!](https://calu.com/2005/09/12/infoexchange-2005-vol-3-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “The CAP Guidelines Set to Enter Our Lives” by Paul J. Greene ✔️ “From the Courts: Disappointment is not a Reason to Sue: Graham v. Bonnycastle” by Dragana Sanchez Glowicki ✔️ “From the Courts: Canada’s Highest Court Interprets the General Anti-Avoidance Rule in Income Tax Appeals” by
- [INFOexchange 2005 vol. 4 is now available!](https://calu.com/2005/12/12/infoexchange-2005-vol-4-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Estate Planning Considerations from a Family Law Perspective” by Sanjana Bhatia ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “From the Courts: Canada’s Highest Court Interprets the General Anti-Avoidance Rule in Income Tax Appeals” by Hemant Tilak & Mária Tatarová ✔️ “U.S. News: Report of the President’s Tax
- [INFOexchange 2006 vol. 1 is now available!](https://calu.com/2006/02/13/infoexchange-2006-vol-1-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Hedge Fund Due Diligence for Retail Advisors & Brokers” by Ken Stern ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “U.S. News: Stranger Owned Life Insurance” ✔️ “Quebec Update: Bill 136 – Qualification as an Annuity” by Ted Ballantyne ✔️ “CCPC Bonus Down & Out?” (Members only) Download
- [INFOexchange 2006 vol. 2 is now available!](https://calu.com/2006/05/15/infoexchange-2006-vol-2-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “The CRA Looks at the Grandfathering Rules” by Glenn Stephens ✔️ “U.S. News: U.S. Insurance Industry Opposes Legislation Facilitating Speculative Uses of Life Insurance” ✔️ “From the Courts: Claude Desmarais: The Latest Float in the GAAR Parade” by Marek Jacina and Kevin Scott ✔️ “Practice Management: Managing
- [INFOexchange 2006 vol. 3 is now available!](https://calu.com/2006/09/11/infoexchange-2006-vol-3-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “Enhanced Tax Benefits on the Donation of Publicly Listed Securities to a Registered Charity” by Karen Yull ✔️ “Canadian News: CRA and IRS Unravel Cross-Border Tax Scheme” ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “Cross-Border Tax Planning: A Spouse is a Spouse is a Spouse…. Or not:
- [INFOexchange 2006 vol. 4 is now available!](https://calu.com/2006/12/11/infoexchange-2006-vol-4-is-now-available/) - In this issue of INFOexchange, you’ll read: ✔️ “The Tipping Point in Canada’s Retirement System” by Paul J. Greene ✔️ “Pension Corner” ✔️ “CRA Opinions” by Hélène Marquis ✔️ “Life Settlements – the Continuing Evolution” by Ted Ballantyne ✔️ “Ask CALU” ✔️ “Practice Management: Needs Analysis for Lifelong Income” by Jim C. Otar (Members only)
- [CALU Practice Note: Bare trusts and life insurance](https://calu.com/2026/07/22/calu-practice-note-bare-trusts-and-life-insurance/) - Bare trusts have long been used for personal and business planning purposes, and in recent years, have also been used to own life insurance policies. Read the public summary of our Practice Note for CALU members here. The Practice Note covers various related topics including recent changes to the tax treatment of bare trusts, and
- [INFOexchange 2026 vol. 2 is now available!](https://calu.com/2026/07/08/infoexchange-2026-vol-2-is-now-available/) - In our second INFOexchange of 2026, you’ll read: ✔️ First message from CALU’s Board Chair for 2026-2027, Laura Klaehn ✔️ Expert article on “Tips for estate planning with Letters of Wishes” by Suzana Popovic-Montag ✔️ Expert article on “Using a trust for corporate insurance purposes” by Kevin Wark We thank Associate Members Florence Marino and Patrick Uzan for
- [CALU Special Report: 2026 CRA-Finance Roundtable](https://calu.com/2026/06/18/calu-special-report-2026-cra-finance-roundtable/) - Following from the Canada Revenue Agency (CRA) and Finance Canada Roundtable held at our 2026 Conference & AGM, this CALU Special Report provides the full text of the written questions and responses from the CRA, as well as the written questions to Finance Canada and a summary of their verbal responses. CALU’s commentary on the
- [Look out for third-party civil penalties](https://calu.com/2026/06/11/look-out-for-third-party-civil-penalties/) - This publication examines a revised circular from the Canada Revenue Agency (CRA) that expands the circumstances in which it may apply third-party penalties, and the potential implications for those promoting tax planning strategies that appear to offer certain advantages to taxpayers. Download now
- [CALU 2026 pre-budget submission to Standing Committee on Finance](https://calu.com/2026/04/30/calu-2026-pre-budget-submission-to-standing-committee-on-finance/) - Our pre-budget submission to the Standing Committee on Finance in advance of Budget 2026 recommends that the federal government: Promptly begin its promised review of the corporate tax system, including a focus on small business taxation. Promptly update RRSP, RRIF and TFSA rules to better support the financial needs of those saving for retirement and
- [Calmusky revisited](https://calu.com/2026/05/20/calmusky-revisited/) - This Tax Byte discusses a recent Ontario Supreme Court decision – Kunka Estate v. Giasson – which confirmed that beneficiary designations on registered plans (such as TFSAs and RRIFs) are testamentary dispositions not subject to the presumption of a resulting trust. The Court rejected the controversial 2020 Calmusky v. Calmusky ruling which had sent tremors
- [Bill C-31 – Items of interest](https://calu.com/2026/05/13/bill-c-31-items-of-interest/) - This Tax Byte highlights items of interest to CALU members from Bill C-31, A second Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025, which was introduced in the House of Commons on May 6, 2026. The legislation implements measures announced in Budget 2025, as well as technical tax
- [INFOexchange 2026 vol. 1 is now available!](https://calu.com/2026/04/15/infoexchange-2026-vol-1-is-now-available/) - In our first INFOexchange of 2026, you’ll read: ✔️ Final 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 “The Capital Dividend Account – Avoiding Misconceptions” by Patrick Uzan ✔️ Expert article
- [Measuring the Benefits of an Estate Freeze](https://calu.com/2026/04/02/measuring-the-benefits-of-an-estate-freeze/) - This CALU Report by Jens Watson uses a case study involving a family-owned operating company to demonstrate the potential value of an estate freeze for both the founding business owners and their children. It concludes that it is often beneficial to implement an estate freeze before a business has experienced a substantial amount of growth
- [Advisor Checklist for leveraged life insurance arrangements](https://calu.com/2026/03/12/leveraging-checklist/) - The Conference for Advanced Life Underwriting (CALU) has developed the following checklist for use by life insurance advisors when working with clients who are considering a leveraged life insurance program, either personally or through their corporation. download now
- [CALU Practice Note: Individually owned joint life insurance policies – Tax treatment and best practices](https://calu.com/2026/02/25/calu-practice-note-individually-owned-joint-life-insurance-policies-tax-treatment-and-best-practices/) - This Practice Note provides guidance to CALU members on the matter of individually owned joint life insurance policies on the death of an owner. We thank CALU’s Tax Advisor, Kevin Wark, and to members Ladelle Baar, Florence Marino and Steve Meldrum for their contributions to this publication. (Members only) download now
- [CRA warns Canadians about tax scheme involving insurance](https://calu.com/2025/12/10/cra-warns-canadians-about-tax-scheme-involving-insurance/) - This publication focusses on a recent “Tax Tip” from the Canada Revenue Agency (CRA) on the use of certain financial arrangements involving critical illness insurance that may be designed to avoid paying taxes. It discusses CALU’s work on this issue and provides advice to those with clients who have participated in (or may be contemplating)
- [Keystone decision and the Capital Dividend Account (CDA)](https://calu.com/2026/01/15/keystone-decision-and-the-capital-dividend-account-cda/) - This Tax Byte discusses a recent court decision involving the Keystone corporation that paid an excess capital dividend to its individual shareholders. The decision reinforces the need for owners of private corporations (and their tax advisors) to properly determine their capital dividend account (CDA) balance before the payment of any capital dividends. Download now
- [Singleton planning lives on despite GAAR changes](https://calu.com/2026/01/28/singleton-planning-lives-on-despite-gaar-changes/) - This publication discusses the impact of recent changes to the general anti-avoidance rule (GAAR) on Singleton planning arrangements. While concerns have been raised in the tax community that Singleton arrangements might be challenged by the Canada Revenue Agency (CRA) in the future, a recent technical interpretation appears to deal with this concern. Download now
- [CALU Practice Note: Taxable benefit rules and Holdco-Opco insurance arrangements](https://calu.com/2026/01/20/calu-practice-note-taxable-benefit-rules-and-holdco-opco-insurance-arrangements/) - This Practice Note discusses taxable benefit issues arising from certain corporate-owned life insurance arrangements and outlines best practices for advisors to follow. We extend our thanks to CALU members Florence Marino, Bryan McNulty, David Stevens and Patrick Uzan for their contributions to this publication. (Members only) download now
- [INFOexchange 2025 vol. 4 is now available!](https://calu.com/2025/12/12/infoexchange-2025-vol-4-is-now-available/) - In this year’s final 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 “The impact of recent AMT changes on trusts” by Alex Kerslake and Lorenzo
- [CALU Special Report: 2025 CLHIA - CRA Roundtable](https://calu.com/2025/12/01/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
- [INFOexchange 2007 vol. 1 is now available!](https://calu.com/2007/02/12/infoexchange-2007-vol-1-is-now-available/) - In our first INFOexchange of 2007, you’ll read: ✔️ “Legislation to Limit Creditor Protection” by Paul Bourbonniere and Ted Ballantyne ✔️ “U.S. News Proposed Amendments to the NAIC Viatical Settlements Model Act” by Ted Ballantyne ✔️ “Opinion: It’s High Noon at the OK Corral” by Paul J. Greene ✔️ “CRA Opinions” by Ted Ballantyne ✔️
- [INFOexchange 2007 vol. 2 is now available!](https://calu.com/2007/05/14/infoexchange-2007-vol-2-is-now-available/) - In our second INFOexchange of 2007, you’ll read: ✔️ “Pension Splitting: A New Planning Paradigm” by Lea M. Koiv ✔️ “From the Courts Lipson: GAAR Overrides Deduction of Interest” by Bill Holmes ✔️ “Joint Accounts: The Supreme Court of Canada Speaks” by Barry Corbin ✔️ “Practice Management: Potential BCE Deal Illustrates Planning Opportunities” by Ted
- [INFOexchange 2007 vol. 3 is now available!](https://calu.com/2007/09/10/infoexchange-2007-vol-3-is-now-available/) - In our third INFOexchange of 2007, you’ll read: ✔️ “Underwriting: Expectations vs. Resources” by Leo J. Penney ✔️ “Creditor Protection Update” by Ted Ballantyne ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “From the Courts: Doctor is Liable if Medical Report Not Completed in a Timely Manner” by Ted Ballantyne ✔️ “Practice Management: Planning for the
- [INFOexchange 2007 vol. 4 is now available!](https://calu.com/2007/12/17/infoexchange-2007-vol-4-is-now-available/) - In our final INFOexchange of 2007, you’ll read: ✔️ “Principal Protected Notes The Good, The Bad and The Ugly: Understanding the Engineering and Architecture of a Very Complicated Product” by Andrew P. Greene and Paul J. Greene ✔️ “From the Courts: IPPs: When is a Pension Plan not a Pension Plan?” by Ted Ballantyne ✔️
- [INFOexchange 2008 vol. 1 is now available!](https://calu.com/2008/02/09/infoexchange-2008-vol-1-is-now-available/) - In our first INFOexchange of 2008, you’ll read: ✔️ “New Protocol to the Canada-U.S. Tax Treaty: Some Financial Planning Considerations” by Helen Ferrigan ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “From the Courts: IPP Update” by Ted Ballantyne ✔️ “U.S. News: Stranger-Owned Life Insurance in the Courts” ✔️ “The Creditor Protection File: An Example of
- [INFOexchange 2008 vol. 2 is now available!](https://calu.com/2008/06/06/infoexchange-2008-vol-2-is-now-available/) - In our second INFOexchange of 2008, you’ll read: ✔️ “Designating Beneficiaries in the Digital Age” by Barry Corbin ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “Practice Management: Protect Yourself: Smart Ideas for Group Administration” by Roger Thorpe (Members only) Download now
- [INFOexchange 2008 vol. 3 is now available!](https://calu.com/2008/09/07/infoexchange-2008-vol-3-is-now-available/) - In our third INFOexchange of 2008, you’ll read: ✔️ “Eligible Dividends – Another New Landscape” by Florence Marino ✔️ “From the Courts: Tax Treatment of ROP Rider on Life Policy at Maturity” by Ted Ballantyne ✔️ “Retirement Planning: Expectations and Reality” by Ted Ballantyne ✔️ “Tax Update: Personal Services Business: Be sure before concluding that
- [INFOexchange 2008 vol. 4 is now available!](https://calu.com/2008/12/09/infoexchange-2008-vol-4-is-now-available/) - In our final INFOexchange of 2008, you’ll read: ✔️ “The New RDSP: A Comparison to Henson Trusts” by Rachel Blumenfeld and Leela Hemmings ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “In the Courts: The Shadow of re Carlisle?” by Barry S. Corbin ✔️ “The 2009 CALU Annual General Meeting” by Susan Hudson (Members only) Download
- [INFOexchange 2009 vol. 1 is now available!](https://calu.com/2009/02/09/infoexchange-2009-vol-1-is-now-available/) - In our first INFOexchange of 2009, you’ll read: ✔️ “Lipson and Interest Deductibility: Two steps forward or one step back?” by Manjit Singh and Jillian Welch ✔️ “Comment: Tax and Estate Planning Involving Eligible Dividends” by Kim G. C. Moody ✔️ “Socially Responsible Investing in a Challenging Investment Landscape: An Opportunity for Success” by Michael
- [INFOexchange 2009 vol. 2 is now available!](https://calu.com/2009/06/08/infoexchange-2009-vol-2-is-now-available/) - In our second INFOexchange of 2009, you’ll read: ✔️ “The Profit Motive” by Paul McKay ✔️ “The Other Underwriting (There are more than medical risks!)” by Ross A. Morton ✔️ “CRA Opinions” by Ted Ballantyne (Members only) Download now
- [INFOexchange 2009 vol. 3 is now available!](https://calu.com/2009/09/07/infoexchange-2009-vol-3-is-now-available/) - In our third INFOexchange of 2009, you’ll read: ✔️ “The New RDSP: A Comparison to Henson Trusts” by Rachel Blumenfeld and Leela Hemmings ✔️ “CRA Opinions” by Ted Ballantyne ✔️ “In the Courts: The Shadow of re Carlisle?” by Barry Corbin ✔️ “The 2009 CALU Annual General Meeting” by Susan Hudson (Members only) Download now
- [INFOexchange 2009 vol. 4 is now available!](https://calu.com/2009/12/09/infoexchange-2009-vol-4-is-now-available/) - In our final INFOexchange of 2009, you’ll read: ✔️ “The Privilege of CALU Membership” by Monette Malewski ✔️ “Buyer’s Market for Level Cost Insurance Products” by John McKay ✔️ “The 2009 CALU Annual General Meeting” by Susan Hudson ✔️ “Moving Forward” by Paul McKay (Members only) Download now
- [INFOexchange 2010 vol. 1 is now available!](https://calu.com/2010/03/15/infoexchange-2010-vol-1-is-now-available/) - In our first INFOexchange of 2010, you’ll read: ✔️ “Adaptive, Innovative, Marketing: Taking AIM at a New Level of Success” by Simon Hiebert ✔️ “CRA Interpretations: U/L Insurance and Charitable Donations” by Jocelyne Gagnon ✔️ “Charitable Giving: Future Tax Policy Directions” by Kevin Wark ✔️ “Death of a TFSA Holder: Quebec and the Rest of
- [INFOexchange 2010 vol. 2 is now available!](https://calu.com/2010/05/10/infoexchange-2010-vol-2-is-now-available/) - In our second INFOexchange of 2010, you’ll read: ✔️Article on “CALU: Active on the Tax Front” by Kevin Wark ✔️ Expert article on “Canadian Resident/Citizen RRSP and U.S. Estate Tax” ✔️ Article on “Recent CRA Audit Activity Affecting Family Trusts” by Siân M. Matthews ✔️ Expert article on “Changes to the Disbursement Quota for Charities
- [INFOexchange 2010 vol. 3 is now available!](https://calu.com/2010/09/13/infoexchange-2010-vol-3-is-now-available/) - In our third INFOexchange of 2010, you’ll read: ✔️Article on “CALU 2010 AGM: Success Through Innovation” by Susan Hudson ✔️ Expert article on “Recent CRA Technical Interpretations” by Kevin Wark ✔️ Expert article on “Regulatory Accountability: The Case of the De-commissioned Advisor” by Paul McKay ✔️ Expert article on “Finance Proposals Relating to Information Reporting
- [INFOexchange 2010 vol. 4 is now available!](https://calu.com/2010/11/15/infoexchange-2010-vol-4-is-now-available/) - In our final INFOexchange of 2010, you’ll read: ✔️Expert article on “Tax and Estate Planning Update” by Kevin Wark ✔️ Expert article on “Beneficiary Designations … Straightforward or Problematic?” by Susan Hudson ✔️ Article on “Building Trust with Social Media: At CALU 2011” by Promod Sharma ✔️ Expert article on “Regulatory Accountability Revisited” by Jamie
- [INFOexchange 2011 vol. 1 is now available!](https://calu.com/2011/03/14/infoexchange-2011-vol-1-is-now-available/) - In our first INFOexchange of 2011, you’ll read: ✔️Expert article on “Singleton Revisited” by Kevin Wark ✔️ Expert article on “Litigation Involving Beneficiary Designations” by Daniel Dochylo ✔️ Expert article on “Income Tax Technical Bill Released” by Kevin Wark ✔️ Expert article on “U.S. Tax Update – 2010 Tax Relief Act” by Kristina Ash (Members
- [INFOexchange 2011 vol. 2 is now available!](https://calu.com/2011/06/12/infoexchange-2011-vol-2-is-now-available/) - In our second INFOexchange of 2011, you’ll read: ✔️ “Twenty Years After” message from Paul McKay ✔️ 2011 CLHIA Tax Officers Annual Conference: CRA Roundtable (Members only) Download now
- [INFOexchange 2011 vol. 3 is now available!](https://calu.com/2011/09/12/infoexchange-2011-vol-3-is-now-available/) - In our third INFOexchange of 2011, you’ll read: ✔️ Expert article on “A Novel Approach to Subsection 75(2)” by Marissa Halil ✔️ Expert article on “Systemic Failure of Disability Insurance in Health and Welfare Trusts” by Diane A. Urquhart ✔️ Expert article on “U.S. Citizen Purchasing Insurance in Canada” by Kevin Wark ✔️2011 Federal Budget
- [INFOexchange 2011 vol. 4 is now available!](https://calu.com/2011/12/13/infoexchange-2011-vol-4-is-now-available/) - In our final INFOexchange of 2011, you’ll read: ✔️ Expert article on “Should I Be Taking It Personally?” by Jesse S. Brodlieb ✔️ Message from CALU’s Chair of the Board of Directors, Susan St. Amand ✔️ Expert article on “FATCA – The United States Tries to Extend its Tax Arm” by Peggy McFarland ✔️President’s Message
- [Budget Implementation Bill introduced](https://calu.com/2025/11/26/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
- [INFOexchange 2012 vol. 1 is now available!](https://calu.com/2012/03/20/infoexchange-2012-vol-1-is-now-available/) - In our first INFOexchange of 2012, you’ll read: ✔️ Expert article on “Post-Mortem Planning: Update on Pipeline Planning” by Carol Brubacher ✔️ Message from CALU’s Chair of the Board of Directors, Susan St. Amand ✔️ Expert article on “Budget Proposals Targeting Planning Involving Minors is Now Law” by Michael Goldberg ✔️ Message from CALU’s Chair
- [INFOexchange 2012 vol. 2 is now available!](https://calu.com/2012/07/16/infoexchange-2012-vol-2-is-now-available/) - In our second INFOexchange of 2012, you’ll read: ✔️ Expert article on “Foreign Insurance: Advisor and Client Beware!” by Peter Everett ✔️ Message from CALU’s Chair of the Board of Directors, Simon Hiebert ✔️ Expert article on “IRS Offers Partial Tax Amnesty” by Roy Berg ✔️ “Government Relations in Action” by Terry Zive ✔️ Expert
- [INFOexchange 2012 vol. 3 is now available!](https://calu.com/2012/09/03/infoexchange-2012-vol-3-is-now-available/) - In our third INFOexchange of 2012, you’ll read: ✔️ Expert article on “Why Canadian Residents May Soon Owe Tax to the IRS” by James Gifford ✔️ Message from CALU’s Chair of the Board of Directors, Simon Hiebert ✔️ Expert article on “FATCA: Implications for Financial Advisors and Clients” by Peggy McFarland ✔️ Expert article on
- [INFOexchange 2012 vol. 4 is now available!](https://calu.com/2012/12/03/infoexchange-2012-vol-4-is-now-available/) - In our final INFOexchange of 2012, you’ll read: ✔️ Expert article on “An Update on the Aggressive Tax Planning Reporting Regime” by Gwendolyn Watson ✔️ Message from CALU’s Chair of the Board of Directors, Simon Hiebert ✔️ Expert article on “Understanding Individual Pension Plans” by Trevor Parry ✔️ Expert article on “Integration Update 2012 –
- [INFOexchange 2013 vol. 1 is now available!](https://calu.com/2013/03/18/infoexchange-2013-vol-1-is-now-available/) - In our first INFOexchange of 2013, you’ll read: ✔️ Expert article on “The Importance of Shareholder Agreements” by Glenn Stephens ✔️ Expert article on “Beware – CDA Anti-Avoidance Rule” by Florence Marino ✔️ Message from CALU’s Chair of the Board of Directors, Simon Hiebert ✔️ Expert article on “Considerations When Making a Beneficiary Designation on
- [INFOexchange 2015 vol. 4 is now available!](https://calu.com/2015/12/16/infoexchange-2015-vol-4-is-now-available/) - In our final INFOexchange of 2015, you’ll read: ✔️ Expert article on “Distributing an Interest in a Life Insurance Policy on a Corporate Wind-up” by Martin Rochwerg and Rahul Sharma ✔️ Message from CALU’s Chair of the Board of Directors, Roger Thorpe ✔️ CALU’s 2015 Year End Round-up, Kevin Wark ✔️ Expert article on “Update
- [INFOexchange 2013 vol. 2 is now available!](https://calu.com/2013/06/03/infoexchange-2013-vol-2-is-now-available/) - In our second INFOexchange of 2013, you’ll read: ✔️ Estate and Tax Planning Update by Kevin Wark ✔️ Message from CALU’s Chair of the Board of Directors, Don Smith ✔️ Expert article on “In the Courts: Two spouses too many?” by Ron Sanderson ✔️ Expert article on “FATCA Update” by Peggy McFarland ✔️ Expert article
- [INFOexchange 2013 vol. 3 is now available!](https://calu.com/2013/09/20/infoexchange-2013-vol-3-is-now-available-2/) - In our third INFOexchange of 2013, you’ll read: ✔️ Expert article on “Right Back Where We Started? MacDonald Case Reversed on Appeal” by Jillian Welch ✔️ Message from CALU’s Chair of the Board of Directors, Don Smith ✔️ Expert article on “Maximizing Credits When Gifting by Will and Trusts” by Sandra Enticknap ✔️ Expert article
- [INFOexchange 2013 vol. 4 is now available!](https://calu.com/2013/12/17/infoexchange-2013-vol-4-is-now-available/) - In our final INFOexchange of 2013, you’ll read: ✔️ Expert article on “Year-End Insurance Planning” by Kevin Wark ✔️ Message from CALU’s Chair of the Board of Directors, Don Smith ✔️ Expert article on “Renouncing U.S. Citizenship: Now May be the Time” by Alexander Marino ✔️ Expert article on “Building Foundations for Membership Value and
- [INFOexchange 2014 vol. 1 is now available!](https://calu.com/2014/02/04/infoexchange-2014-vol-1-is-now-available/) - In our first INFOexchange of 2014, you’ll read: ✔️ Expert article on “Happenings on the Hill” by Herb Metcalfe ✔️ Message from CALU’s Chair of the Board of Directors, Don Smith ✔️ Expert article on “Canada’s New Registration of Tax Preparers Program” by Kim G. C. Moody ✔️ Expert article on “All’s Well That Ends
- [INFOexchange 2014 vol. 2 is now available!](https://calu.com/2014/06/02/infoexchange-2014-vol-2-is-now-available/) - In our second INFOexchange of 2014, you’ll read: ✔️ Expert article on “Sell Now! (How The 2014 Budget May Impact On Small Business Owners’ Exit Strategies)” by Michael Goldberg ✔️ Message from CALU’s Chair of the Board of Directors, Garry Zlotnik ✔️ Expert article on “Transfers of Policies and Valuation Issues” by Trevor Parry ✔️
- [INFOexchange 2014 vol. 3 is now available!](https://calu.com/2014/08/26/infoexchange-2014-vol-3-is-now-available/) - In our third INFOexchange of 2014, you’ll read: ✔️ Expert article on “Acquiring Annuities with a Commuted Value from a Registered Pension Plan” by Lea Koiv ✔️ Message from CALU’s Chair of the Board of Directors, Garry Zlotnik ✔️ Expert article on “Tax Deduction and Reporting on Workplace Disability Income Plans – New Requirements” by
- [INFOexchange 2015 vol. 3 is now available!](https://calu.com/2015/09/16/infoexchange-2013-vol-3-is-now-available/) - In our third INFOexchange of 2015, you’ll read: ✔️ Expert article on “Happenings on the Hill” by Herb Metcalfe ✔️ Update on Market Conduct Standards by Garry Zlotnik ✔️ Message from CALU’s Chair of the Board of Directors, Roger Thorpe ✔️ Expert article on “New CRA Income Tax Folio on Health and Welfare Trusts” by Sona
- [INFOexchange 2014 vol. 4 is now available!](https://calu.com/2014/12/17/infoexchange-2014-vol-4-is-now-available/) - In our final INFOexchange of 2014, you’ll read: ✔️ Expert article on ““Residence of a Trust” Folio now Published by Sheila Matson ✔️ Message from CALU’s Chair of the Board of Directors, Garry Zlotnik ✔️ Expert article on “Breaking the 10-Year Cycle: Insuring Long-term Disability Benefits” by Stephen Frank ✔️ Expert article on “IRS’s New
- [CALU reacts to Budget 2025](https://calu.com/2025/11/04/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
- [CALU Special Report: Federal Budget 2025](https://calu.com/2025/11/04/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
- [INFOexchange 2015 vol. 2 is now available!](https://calu.com/2015/06/17/infoexchange-2015-vol-2-is-now-available/) - In our second INFOexchange of 2015, you’ll read: ✔️ Expert article on “Planning for the 21-Year Dance” by James W. Kraft ✔️ Message from CALU’s Chair of the Board of Directors, Roger Thorpe ✔️ Expert article on “Interest Deductibility Folio now Published” by Sheila Matson ✔️ Expert article on “Happenings on the Hill” by Herb
- [INFOexchange 2015 vol. 1 is now available!](https://calu.com/2015/03/18/infoexchange-2015-vol-1-is-now-available/) - In our first INFOexchange of 2015, you’ll read: ✔️ Expert article on “Happenings on the Hill” by Herb Metcalfe ✔️ Message from CALU’s Chair of the Board of Directors, Garry Zlotnik ✔️ Expert article on “New Accounting Proposals Affect Estate Freezes” by Kenneth Keung ✔️ Update on Tax Issues by Kevin Wark ✔️ Expert article on
- [INFOexchange 2016 vol. 4 is now available!](https://calu.com/2016/12/07/infoexchange-2016-vol-4-is-now-available/) - In our final INFOexchange of 2016, you’ll read: ✔️ Canadian Tax Foundation Round Table 2016 update by Kevin Wark ✔️ Message from CALU’s Chair of the Board of Directors, Clay Gillespie ✔️ Expert article on “Federal Politics: Key Moves by Team Trudeau in Q4” by Brett Aylward (Members only) Download the report
- [INFOexchange 2016 vol. 3 is now available!](https://calu.com/2016/09/07/infoexchange-2016-vol-3-is-now-available/) - In our third INFOexchange of 2016, you’ll read: ✔️ Expert article on “Tax Implications of “Splitting” a Multiple Life Policy” by Rahul Sharma ✔️ Message from CALU’s Chair of the Board of Directors, Clay Gillespie ✔️ Expert article on “Selected Issues in Planning Insurance Ownership Transfers” by Glenn Davis ✔️ Expert article on “Testamentary Spousal
- [INFOexchange 2016 vol. 2 is now available!](https://calu.com/2016/05/26/infoexchange-2016-vol-2-is-now-available/) - In our second INFOexchange of 2016, you’ll read: ✔️ Expert article on ““Clarifying” Coverage Limits for Private Health Services Plans” by Ron Sanderson ✔️ Message from CALU’s Chair of the Board of Directors, Clay Gillespie ✔️ Expert article on “Political Fundraising Events – Lobbying and Ethics Considerations” by Guy Giorno ✔️ Expert article on “Testamentary
- [INFOexchange 2016 vol. 1 is now available!](https://calu.com/2016/03/03/infoexchange-2016-vol1/) - In our first INFOexchange of 2016, you’ll read: ✔️ Expert article on “Trudeau 2016: Sunny Ways with a Growing Haze” by Ken Slemko ✔️ Message from CALU’s Chair of the Board of Directors, Roger Thorpe ✔️ Expert article on “Clarity of Intentions will Reduce Uncertainty” by James W. Kraft ✔️ Advocacy update from the Chair
- [Group benefit plans and shareholder benefits](https://calu.com/2025/10/03/group_benefit_plans/) - 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
- [Letter to Department of Finance on Employee Life and Health Trusts (ELHTs)](https://calu.com/2025/09/25/letter-to-department-of-finance-on-elhts/) - This letter to the Department of Finance provides additional recommendations on certain Employee Life and Health Trust (ELHT) rules that were proposed in their August 15, 2025, legislative package. It supplements our September 12, 2025, submission on the same matter. The letter also reiterates and explains our past recommendation for increasing the limits for Private
- [INFOexchange 2025 vol. 3 is now available!](https://calu.com/2025/09/24/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
- [Mentorship Program for 2025-2026](https://calu.com/2025/08/14/mentorship-program-for-2025-2026/) - CALU is delighted to offer a mentorship program as a member benefit through April 2026. The Mentorship program is intended to enable CALU members with many years of industry experience to share their wisdom and vast knowledge with other members who are interested in learning from them. Mentorship isn’t intended to only be beneficial for
- [CALU submission to Finance Canada in response to draft legislative proposals](https://calu.com/2025/09/12/calu-submission-to-finance-canada-in-response-to-draft-legislative-proposals/) - CALU’s submission to Finance Canada in response to draft legislative proposals released on August 15, 2025 including in relation to: Capital Gains Rollover Employee Ownership Trust Capital Gains Exemption Trust Reporting Rules Employee Life and Health Trusts Outstanding Legislation Download Now
- [Letter to federal government on recommended tax priorities](https://calu.com/2025/07/08/letter-to-federal-government-on-recommended-tax-priorities/) - Our letter to members of the federal Ministry provides recommendations on tax issues that should be prioritized over the coming months. Issues include a timely start to the tax reform commitment promised during the election campaign, with a particular focus on the rules governing small businesses. The letter also provides more immediate recommendations for action
- [Finance Canada releases draft tax legislation](https://calu.com/2025/08/20/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
- [CALU 2025 pre-budget submission to the Standing Committee on Finance (FINA)](https://calu.com/2025/07/21/calu-2025-pre-budget-submission-to-the-standing-committee-on-finance-fina/) - CALU’s pre-budget submission to the Standing Committee on Finance (FINA) in advance of Budget 2025. It recommends that the federal government: Promptly begin its promised review of the corporate tax system, including a focus on small business taxation. Promptly update RRSP and RRIF rules to better support the financial needs of those saving for retirement
- [CALU 2025 pre-budget submission to Finance Canada](https://calu.com/2025/08/18/calu-2025-pre-budget-submission-to-finance-canada/) - Our pre-budget submission to Finance Canada in advance of Budget 2025 recommends that the federal government: Promptly begin its promised review of the corporate tax system, including a focus on small business taxation. Promptly update RRSP and RRIF rules to better support the financial needs of those saving for retirement and retirees. Provide a temporary
- [Dealing with Private Company Shares at Death; Post-mortem and Insurance Planning (Part I - revised)](https://calu.com/2025/07/15/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
- [Dealing with Private Company Shares at Death; Post-mortem and Insurance Planning (Part I)](https://calu.com/2025/03/12/calu-report-dealing-with-private-company-shares-at-death/) - This CALU Report by Jeannie Lim and Hemal Balsara is the first of a two-part series dealing with post-mortem tax planning for an individual who owns private company shares at death. This publication deals with an individual who owns common shares of an investment company at death while Part II will address the ownership of
- [Dealing with Private Company Shares at Death; Post-mortem and Insurance Planning (Part II)](https://calu.com/2025/06/04/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
- [Implications of proposed U.S. tax changes – section 899](https://calu.com/2025/06/19/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
- [INFOexchange 2025 vol. 2 is now available!](https://calu.com/2025/06/18/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
- [A Fresh Look at the Capital Gains Rollover Provision - Updated](https://calu.com/2025/05/21/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.
- [2025 federal election platform tracker](https://calu.com/2025/04/23/2025-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
- [Policy Loans and the Capital Dividend Account](https://calu.com/2025/04/23/policy-loans-and-the-capital-dividend-account/) - Our latest Tax Byte focusses on some of the tax issues and conclusions arising from an inquiry relating to the impact of policy loans on the calculation of the capital dividend account (CDA) of a corporation. We extend our thanks to Patrick Uzan for his review of the publication. Download now
- [Leveraging Life Insurance Policies Checklist](https://calu.com/2025/04/16/leveraging-life-insurance-policies-checklist/) - This insurance leveraging checklist is intended for advisor use with clients who are approached on more aggressive or complex leveraging structures. The comprehensive checklist identifies questions advisors and clients should consider before proceeding with a leveraged insurance transaction, including the evaluation of potential issues or risks. The checklist provides links to related Practice Notes and
- [INFOexchange 2025 vol. 1 is now available!](https://calu.com/2025/03/31/infoexchange-2025-vol-1-is-now-available/) - In our first INFOexchange of 2025, you’ll read: Final message from CALU’s Chair of the Board of Directors, Jeff Wilson Government Relations column Expert article on “A gift is a gift … Until it’s not: gifted survivorship interests in land” by Suzana Popovic-Montag, Hull & Hull LLP Expert article on “Widowed spouse not liable for
- [CALU 2025 pre-budget submission to the Department of Finance](https://calu.com/2025/03/10/calu-2025-pre-budget-submission-to-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
- [Liberal Leadership Candidates - Positions on Key Issues](https://calu.com/2025/03/06/liberal-leadership-candidates-positions-on-key-issues/) - Read our latest “Tax Byte” which focusses on the positions of Liberal leadership candidates on key tax and policy issues. Download now
- [A Fresh Look at the Capital Gains Rollover Provision](https://calu.com/2025/02/19/a-fresh-look-at-the-capital-gains-rollover-provision/) - Read our latest “Tax Byte” which focusses on a lesser-known tax planning option – the capital gains roller provision of the Income Tax Act (ITA). This six-page article reviews the main elements of the provision, discusses current proposals to expand its scope and concludes with commentary on the urgent need to review and rationalize the
- [Capital Gains Inclusion Rate Increase Deferred to 2026](https://calu.com/2025/02/06/capital-gains-inclusion-rate-increase-deferred-to-2026/) - Last week Finance Canada announced it would defer to January 1, 2026, the implementation date of the increase in the capital gains inclusion rate announced in Budget 2024 for which legislation was not enacted. In parallel, the Canada Revenue Agency (CRA) announced it reverted to administering the currently enacted capital gains inclusion rate of one-half.
- [Extension of Charitable Gifting Rules – More Certainty](https://calu.com/2025/01/30/extension-of-charitable-gifting-rules-more-certainty/) - The federal government recently provided additional information on its previous announcement it would extend the 2024 tax deadline for charitable donations to February 28, 2025. Draft legislation from Finance Canada now confirms the deadline extension will apply to gifts made by corporations and individual donors including trusts. The Canada Revenue Agency (CRA) also announced it
- [Extension of 2024 Charitable Donation Deadline](https://calu.com/2025/01/16/extension-of-2024-charitable-donation-deadline/) - The federal government recently announced it would amend the Income Tax Act to extend the deadline for claiming charitable donations in 2024 to include donations made up to February 28, 2025 to mitigate the impact of the recent postal strike on charities and their donors. The government indicated it would introduce the enacting legislation “once
- [Highlights from 2024 Fall Economic Statement](https://calu.com/2024/12/16/highlights-2024-fes/) - 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
- [INFOexchange 2024 vol. 4 is now available!](https://calu.com/2024/12/11/infoexchange-2024-vol-4-is-now-available/) - In our final INFOexchange of 2024 you’ll read: Message from CALU’s Chair of the Board of Directors, Jeff Wilson Government Relations column from the Chair of our Tax Policy and Advocacy Committee, Diane Everett Expert article on “Insurance Policy Trusts in a Will – Your Wish is Not My Command” from Sanjana Bhatia, Scotia Wealth
- [AMT Update: Legislation Enacted and Proposed Amendments](https://calu.com/2024/11/14/amt-update-legislation-enacted-and-proposed-amendments/) - In an update from our September 2023 CALU Report, this publication discusses recently enacted changes to the Alternative Minimum Tax (AMT) that will apply starting in the 2024 tax year and additional technical amendments proposed in August 2024 draft legislation. The CALU Report also addresses related planning implications for high-income Canadians. We extend our thanks
- [INFOexchange 2024 vol. 3 is now available!](https://calu.com/2024/10/15/infoexchange-2024-vol-3-is-now-available/) - In our third INFOexchange of 2024 you’ll read: Message from CALU’s Chair of the Board of Directors, Jeff Wilson Government Relations column from the Chair of our Tax Policy and Advocacy Committee, Diane Everett Expert article on “Proposed Relief for Trust Reporting Rules” from Alex Kerslake and Ravi Singh, both from PwC Canada Expert article
- [CALU Report: Exploring the Canadian Entrepreneurs’ Incentive](https://calu.com/2024/09/23/calu-report-exploring-the-canadian-entrepreneurs-incentive/) - Kenneth Keung and Kevin Wark explain that draft legislation on the Canadian Entrepreneurs’ Incentive released in August is improved from the original proposal in Budget 2024, but concerns remain that a significant number of small business owners will not be eligible for the deduction intended to help offset the impact of the increase in the
- [CALU Report: 2024 CRA-Finance roundtable – Update from CRA](https://calu.com/2024/06/26/calu-special-report-2024-cra-finance-roundtable-update-from-cra/) - This CALU Special Report provides the full text of the questions and written responses provided by the Canada Revenue Agency (CRA) as part of the CRA-Finance Canada roundtable at our 2024 Conference & AGM. This session which took place on May 7, 2024 allowed Conference registrants to hear from senior representatives from both organizations respond
- [CALU Report: 2024 CRA-Finance roundtable (revised)](https://calu.com/2024/07/08/calu-special-report-2024-cra-finance-roundtable-revised/) - This revised CALU Special Report provides the full text of the questions and written responses provided by the Canada Revenue Agency (CRA) and additionally Finance Canada as part of the CRA-Finance Canada roundtable at our 2024 Conference & AGM. This session which took place on May 7, 2024 allowed Conference registrants to hear from senior representatives
- [CALU Report - 2022 CRA‐Finance roundtable Q&A](https://calu.com/2022/06/28/calu-special-report-2022-cra‐finance-roundtable-qa/) - Our recent 2022 Conference & AGM featured a CRA-Finance Canada roundtable where senior representatives from those organizations responded to CALU’s questions on tax policy and legislation matters, technical interpretations and audit-related issues. This CALU Special Report provides the full text of both the CRA questions and written responses, as well as the Finance Canada written
- [CALU submission on changes to capital gains and corresponding measures announced in Budget 2024](https://calu.com/2024/09/13/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
- [CALU submission on technical tax bill: Trust reporting rules, graduated rate estates and more](https://calu.com/2024/09/11/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)](https://calu.com/2024/09/11/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 Practice Note: Leveraged Life Insurance and Banking Referrals](https://calu.com/2024/08/28/calu-practice-note-leveraged-life-insurance-and-banking-referrals/) - This Practice Note discusses, through a series of case studies, the federal Bank Act and provincial Insurance Act considerations relating to the referral of clients between banks (and other lending institutions) and insurance advisors. It also includes a discussion of the regulatory implications of “secondary loan” arrangements offered by certain lending institutions. (Members only) download
- [CALU Special Report: Update on Life Insurance in Life Insurance Trusts](https://calu.com/2024/08/27/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
- [CALU submission in advance of the 2025 federal budget](https://calu.com/2024/07/31/calu-submission-in-advance-of-the-2025-federal-budget/) - CALU’s pre-budget submission to the Standing Committee on Finance in advance of Budget 2025. It recommends that the federal government: Commission an expert panel to review the tax rules governing small businesses Study the decline in self-employment since 2019 Update RRSP and RRIF rules to enhance the retirement income system for younger and older Canadians
- [Letter to Finance Canada on capital gains exemption for Employee Ownership Trusts](https://calu.com/2024/07/23/letter-to-finance-canada-on-capital-gains-exemption-for-employee-ownership-trusts/) - In this letter to the Department of Finance, we recommend amendments to legislation providing a capital gains exemption of up to $10 million to individuals who sell shares of a corporation to an Employee Ownership Trust (EOT). Download now
- [Letter to Parliamentary Committees: Intergenerational Business Transfers](https://calu.com/2024/02/23/letter-to-parliamentary-committees-re-bill-c59/) - Letters to the Standing Senate Committee on National Finance and the Standing Committee on Finance of the House of Commons on the issue of intergenerational business transfers in the context of its study of the subject matter of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on
- [CALU Submission on the income tax mandatory disclosure rules](https://calu.com/2021/10/19/calu-submission-on-the-income-tax-mandatory-disclosure-rules/) - CALU Submission to Finance on the income tax mandatory disclosure rules. View the submission
- [INFOexchange 2024 vol. 2 is now available!](https://calu.com/2024/06/27/infoexchange-2024-vol-2-is-now-available/) - This year’s second edition of INFOexchange provides two expert articles: Kevin Wark discusses the new intergenerational transfer rules for family businesses in “Section 84.1 changes – Special considerations”; and Florence Marino and Kevin Wark address the Budget 2024 proposals to increase the capital gains inclusion rate in “Capital gains proposals – Impact on business succession
- [CALU Report - Employee Ownership Trusts](https://calu.com/2024/06/14/calu-report-employee-ownership-trusts/) - This CALU Report by Susan Johnson and Kevin Wark provides an overview of the legislative history for EOTs, the requirements for a trust to qualify as an EOT and the new “super exemption” that is now included in Bill C-69 currently before Parliament. Download the report
- [CALU Letter to Finance Canada re Capital Gains Inclusion](https://calu.com/2024/05/15/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 Special Report: Federal Budget 2024](https://calu.com/2024/04/16/calu-special-report-federal-budget-2024/) - Please find our latest CALU Special Report which discusses measures of greatest interest to our members and their clients from the tabling of the federal Budget 2024, Fairness for Every Generation, 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
- [CALU Reacts to Budget 2024](https://calu.com/2024/04/16/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 joins SHBC Coalition](https://calu.com/2024/04/11/calu-joins-shbc-coalition/) - CALU recently joined the Smart Health Benefits Coalition (SHBC), a new health benefits collective which will be actively engaged in the pharmacare legislation currently before Parliament. CALU is lending its voice to help provide prescription drug coverage to those who need, but cannot afford, essential medications. We believe this can best be done by preserving
- [Will Power campaign national launch](https://calu.com/2021/08/26/will-power-campaign-national-launch/) - The first national Will Power / Volonté de faire campaign, led by CAGP and sponsored by CALU, launches next week. The campaign encourages Canadians to support their favourite charities in their wills, with a goal of raising the level of charitable giving through wills to 8.5 per cent of all Canadians by 2030. Follow the
- [Coalition for a Better Future](https://calu.com/2021/09/23/coalition-for-a-better-future/) - CALU has recently joined over 100 other organizations as a member of the Coalition for a Better Future, which has its goal to create dialogue on the long-term economic well-being of Canada in a post-pandemic future. As outlined in this press release, former federal Cabinet ministers Hon. Anne McLellan and Hon. Lisa Raitt are leading
- [CALU Practice Note - Best practices for professional networking arrangements](https://calu.com/2023/10/19/calu-practice-note-best-practices-for-professional-networking-arrangements/) - The CALU Market Practice Committee (MPC) recently considered a client referral arrangement between an accounting firm and insurance advisors which raised potential market practice and regulatory compliance issues. CALU has now developed a Practice Note which discusses a number of legal, regulatory and tax issues relating to client referral arrangements between insurance advisors and accounting
- [INFOexchange 2024 vol. 1 is now available!](https://calu.com/2024/04/04/infoexchange-2024-vol-1-is-now-available/) - This year’s first edition of INFOexchange includes the final message from our Chair, Robert McCullagh. CALU thanks you for your term in this role – much has been accomplished under your leadership. Also included is an advocacy update from Board member and Chair of the Government Relations Committee, Diane Everett, LLB, CLU, TEP, FEA, CS, followed
- [CALU Report - The tax treatment of FHSAs on death](https://calu.com/2024/03/06/calu-report-the-tax-treatment-of-fhsas-on-death/) - This CALU Report summarizes the tax treatment of funds held in a First Home Savings Account (FHSA) on the death of the holder under various scenarios. Download now
- [CALU pre-budget submission to the Department of Finance for “Let’s Talk Budget 2024”.](https://calu.com/2024/02/07/calu-pre-budget-submission-to-the-department-of-finance-for-lets-talk-budget-2024/) - CALU’s pre-budget submission to the Department of Finance in advance of Budget 2024. It recommends that the federal government: Support the successful transition of small businesses to family members Ensure the self-employed remain an important pillar of employment and economic growth Enhance the retirement income system for younger and older Canadians Maintain and enhance the
- [CALU submission for the pre-budget consultations in advance of the 2024 federal budget](https://calu.com/2023/08/03/calu-submission-for-the-pre-budget-consultations-in-advance-of-the-2024-federal-budget/) - CALU pre-budget submission to the Standing Committee on Finance in advance of Budget 2024. The submission updates our recommendations from last year and adds a new one related to the recent decrease in the number of self-employed individuals in Canada. Specifically, we recommend that the federal government: Support small business owners on family business succession,
- [CALU submission to Finance on draft legislative proposals relating to short-term rentals](https://calu.com/2024/01/29/calu-submission-to-finance-on-draft-legislative-proposals-relating-to-short-term-rentals/) - CALU comments on draft legislative proposals relating to short-term rentals released by the Department of Finance on December 20, 2023. View the submission
- [CALU Report - The CRA Responds: Tax Roundtable 2008](https://calu.com/2008/06/01/calu-report-the-cra-responds-tax-roundtable-2008/) - (Members only) Download now
- [CALU 2023 Year in review](https://calu.com/2024/01/18/calu-2023-year-in-review/) - Here’s a recap of 2023 including everything you participated in, or may have missed out on in the past year including our year in numbers and in the areas of events and learning, public policy and advocacy and community and engagement. Download now
- [CALU Special Report - STEP 2016 CRA Roundtable](https://calu.com/2016/07/01/calu-special-report-step-2016-cra-roundtable/) - (Members only) Download now
- [CALU Report - The CRA Responds: Tax Roundtable CALU 2010](https://calu.com/2010/07/01/calu-report-the-cra-responds-tax-roundtable-calu-2010/) - (Members only) Download now
- [CALU Report - The CRA Responds: Tax Roundtable CALU 2012](https://calu.com/2012/06/01/calu-report-the-cra-responds-tax-roundtable-calu-2012/) - (Members only) Download now
- [CALU Report - CALU 2014 CRA Roundtable](https://calu.com/2014/09/01/calu-report-calu-2014-cra-roundtable/) - (Members only) Download now
- [CALU Special Report - STEP 2015 CRA Roundtable](https://calu.com/2015/07/23/calu-special-report-step-2015-cra-roundtable/) - (Members only) Download now
- [CALU Report - CALU 2016 CRA-Finance Roundtable](https://calu.com/2016/07/01/calu-report-calu-2016-cra-finance-roundtable/) - (Members only) Download now
- [CALU Report - CALU 2018 CRA Finance Roundtable](https://calu.com/2018/06/01/calu-report-calu-2018-cra-finance-roundtable/) - As part of its 2018 Annual General Meeting, CALU held a CRA-Finance Roundtable. Participants included: Stéphane Charette, CPA, MBA, Director, Financial Industries and Trusts Division, Canada Revenue Agency; Bob Naufal, CPA, Manager, Financial Institutions Section, Canada Revenue Agency; and; Trevor McGowan, Director General (Legislation), Tax Legislation Division, Tax Policy Branch, Department of Finance
- [CALU Report - APFF and CLHIA CRA Roundtable Round-Up](https://calu.com/2019/12/01/apff-and-clhia-cra-roundtable-round-up/) - Every year the Canada Revenue Agency participates in several Tax Roundtables where it responds to a variety of questions of interest to the insurance and estate planning community. This edition of CALU Report summarizes select questions and responses from the 2018 APFF Conference and 2019 CLHIA Tax Conference and provides additional CALU commentary.
- [CALU Report - 2020 CALU CRA Roundtable Questions](https://calu.com/2020/08/03/2020-calu-cra-roundtable-questions/) - On July 8, 2020 CALU held its first ever virtual CALU CRA Roundtable. CALU wishes to thank CRA representatives Stéphane Charette – Director, Financial Industries and Trust Division, CRA and Bob Naufal – Senior Manager, Income Tax Rulings Directorate, CRA...
- [CALU Report - 2020 Finance Roundtable Questions and Responses](https://calu.com/2020/12/03/2020-finance-roundtable-questions-and-responses/) - On November 18, 2020 CALU held its first ever virtual CALU Finance Roundtable.
- [General Anti-Avoidance Rule (GAAR) – New and unproved!](https://calu.com/2024/01/02/general-anti-avoidance-rule-gaar-new-and-unproved/) - This article highlights the main changes to the General Anti-Avoidance Rule (the GAAR) measures included in Bill C-59 and notes several important modifications from the draft form of the legislation released in August 2023. (Members only) Read more
- [CALU Submission to Finance on Underused Housing Tax (UHT)](https://calu.com/2023/12/21/calu-submission-to-finance-on-underused-housing-tax-uht/) - Read our response to the consultations by Finance on the Underused Housing Tax (UHT) including our recommendation that the exemption from filing requirements for exempt Canadian entities be made effective for 2022, and not 2023 as currently proposed. View the submission
- [CALU Letter to Finance Canada on DRD](https://calu.com/2023/11/30/calu-letter-to-dpm-on-drd/) - CALU writes a follow-up letter to Finance Canada to reiterate concerns about the dividend received deduction (DRD) measure that was first proposed in Budget 2023 and reaffirmed in last week’s Fall Economic Statement with only slight modifications. Download now
- [CALU Report - Business transfer rules changing in 2024](https://calu.com/2023/12/14/calu-report-business-transfer-rules-changing-in-2024/) - In this CALU report, Jason Lau and Kenneth Keung from Moodys Tax Law review the new intergenerational business transfer rules relating to section 84.1 of the Income Tax Act that are expected to take effect in 2024. (Members only) Download now
- [INFOexchange 2023 vol. 4 is now available!](https://calu.com/2023/12/13/infoexchange-2023-vol-4-is-now-available/) - The final issue of INFOexchange for 2023 includes a message from our Chair, Robert McCullagh, as well as an advocacy update from Board member and Chair of the Government Relations Committee, Diane Everett. Also included are two expert articles: “Disability insurance claims: Be involved” by Christopher Riddell, CLU, CHS, Partner, Wise Riddell Financial Group, Justine
- [INFOexchange vol. 3 is now available!](https://calu.com/2023/10/11/infoexchange-vol-3-is-now-available/) - This year’s third edition of INFOexchange includes a message from our Chair, Robert McCullagh, as well as an advocacy update from Board member and Chair of the Government Relations Committee, Diane Everett. Also included are two expert articles from Benoit Charest, Avocat, LL.M. Fisc., Wealth and Tax Planning Consultant, Canada Life and Steven McLeod, LL.B.,
- [CALU submission to Finance on the AMT](https://calu.com/2023/09/07/calu-submission-to-finance-on-the-amt/) - CALU submits letter to Finance relating to draft legislation released on August 4, 2023 as it pertains to the application of the Alternative Minimum Tax (AMT) rules. View the submission
- [CALU submission to Finance on intergenerational business transfers](https://calu.com/2023/09/07/calu-submission-to-finance-on-intergenerational-business-transfers/) - CALU letter to Finance relating to draft legislation released on August 4, 2023 as it pertains to intergenerational business transfer rules. View the submission
- [CALU's updated recommendations on section 84.1](https://calu.com/2021/10/01/calus-updated-recommendations-on-section-84-1/) - CALU members will remember the enactment of Bill C-208 back in June to amend section 84.1 in regards to fair taxation of family business succession, after which Finance Canada announced its intention to introduce further amendments to better accommodate genuine intergenerational business transfers while still protecting against potential tax abuse. CALU volunteers and staff have
- [CALU Practice Note – Best practices for insured leveraging programs – Part II](https://calu.com/2023/05/30/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
- [CALU Practice Note - Best practices for insured leveraging programs – Part I (revised)](https://calu.com/2023/02/06/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 Practice Note - Revisiting provincial rebating and inducement rules](https://calu.com/2021/11/18/calu-practice-note-revisiting-provincial-rebating/) - This new Practice Note revisits one of the marketing practices discussed in the March 2019 Practice Note, and also reviews another marketing practice which may raise concerns with provincial regulators as being a form of policyholder rebate or inducement.
- [CALU Practice Note - Advisor/client consideration in purchasing foreign life insurance policies](https://calu.com/2021/10/14/calu-practice-note-advisor-client-consideration-in-purchasing-foreign-life-insurance-policies/) - Canadian individuals and private corporations often acquire life insurance policies to meet liquidity needs on death, as well as accumulate capital on a tax-advantaged basis during the lifetime of the insured
- [CALU Practice Note - Offshore Shared Ownership DI/CI Programs with ROP Benefits](https://calu.com/2020/02/01/calu-practice-note-offshore-shared-ownership-di-ci-programs-with-rop-benefits/) - This Practice Note will review the tax treatment of an offshore corporate individual DI/CI policy with an ROP rider owned by and with benefits payable to the shareholder and/or executive combined with a leveraging program; and the tax treatment of offshore corporate grouped DI/CI policies with ROP riders owned by and with benefits payable to executives and/or shareholders combined with a leveraging program.
- [CALU Practice Note - Domestic Shared Ownership CI Programs with ROP Benefits](https://calu.com/2019/12/01/calu-practice-note-domestic-shared-ownership-ci-programs-with-rop-benefits/) - This Practice Note will discuss the tax treatment of domestic shared ownership arrangements involving a corporate owned individual CI policy with a ROP rider owned by and with benefits payable to the employee/shareholder of the corporation (with or without leverage).
- [CALU Practice Note - Life Settlements: Update on the Canadian Market](https://calu.com/2019/05/01/calu-practice-note-life-settlements-update-on-the-canadian-market/) - In the mid-2000’s CALU published two CALU Reports which detailed the growth of the life settlements market in the United States, the regulatory environment in Canada which generaly prohibits this type of activity, and the tax and other regulatory rules that apply to life settlements in the United States and Canada...
- [CALU Practice Note - Policyholder Inducements including Premium Rebating](https://calu.com/2019/03/01/calu-practice-note-policyholder-inducements-including-premium-rebating/) - This Practice Note reviews provincial restrictions relating to policyholder inducements and considers how these rules may apply to three situations which involve an advisor...
- [CALU Practice Note - Leveraged Insured Annuities: Following Best Practices](https://calu.com/2017/02/01/calu-practice-note-leveraged-insured-annuities-following-best-practices/) - This Practice Note provides background on various insured annuity arrangements, discusses the LIA policy rules introduced in 2013, and reviews newer arrangements that may be the subject of review by the Canada Revenue Agency or the Department of Finance. This Note also comments on best practices when putting in place investment loans which are collaterally secured by life insurance and/or annuity products.
- [CALU Practice Note – Term Riders and short-pay permanent policies](https://calu.com/2023/06/19/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
- [INFOexchange 2017 Vol.1](https://calu.com/2017/01/03/infoexchange-2017-vol-1/) - In the lead article Brett Aylward of FleishmanHillard, CALU’s government relations firm, provides insights on the development of Budget 2017 by looking at the federal government’s economic policy goals. Also in this issue CALU President Kevin Wark provides an update on the CRA review of capital dividend payments arising from the receipt of life insurance proceeds.
- [INFOexchange 2017 Vol.2](https://calu.com/2017/04/03/infoexchange-2017-vol-2/) - In the lead article CALU's Tax Consultant Kevin Wark discusses the scope of international and domestic developments that will result in enhanced tax compliance activity. This, in turn, will significantly increase the likelihood of audit activity for those taxpayers who are pursuing "overly" aggressive approaches to reduce their Canadian tax bill.
- [INFOexchange 2017 Vol.3](https://calu.com/2017/07/03/infoexchange-2017-vol-3/) - In the lead article “Joint Tenancy: A Primer” Margaret O’Sullivan re-examines the fundamentals of joint tenancy, its requirements and how it can be terminated. Also in this issue, CALU Tax Consultant Kevin Wark reports that the Department of Finance has released additional draft legislation arising from Budget 2017 and highlights several provisions that might be of interest to CALU members.
- [INFOexchange 2018 Vol.1](https://calu.com/2018/01/03/infoexchange-2018-vol-1/) - Articles in this edition include: a message from Chair Gilles Chevalier about CALU’s accomplishments over the past year (and a link to the President’s Report to Members), an update on recent tax Developments from CALU Tax Consultant Kevin Wark, and a blog from Government Relations Committee Chair Warren Blatt about why grassroot engagement is key to CALU’s success.
- [INFOexchange 2018 Vol.2](https://calu.com/2018/04/03/infoexchange-2018-vol-2/) - Articles in this edition include: a message from Chair Marty McConnell, the pros and cons of alter ego trusts from Maureen Berry, and an article “Team Trudeau: Where they’ve been and where they’re going?” from CALU’s Government Relations consulting firm FleishmanHillard Highroads...
- [INFOexchange 2018 Vol.3](https://calu.com/2018/07/03/infoexchange-2018-vol-3/) - Articles in this edition include: a message from Chair Marty McConnell about CALU’s strategic plan for 2018-2021; a summary of a consultation report on proposed beneficiary designation changes in Manitoba by Monica Carinci and Rachel Blumenfeld...
- [INFOexchange 2018 Vol.4](https://calu.com/2018/10/03/infoexchange-2018-vol-4/) - Articles in this edition include: a message from Chair Marty McConnell about the value of advice, an explanation of the mismatch in the federal and Ontario small business deduction rules by Thanusan Raveendran...
- [INFOexchange 2019 Vol.1](https://calu.com/2019/01/01/infoexchange-2019-vol-1/) - Articles in this edition include: a message from Chair Marty McConnell; an explanation of the significant impact of the new “look-through” rules in section 212.1 of the ITA that may disrupt the standard post-mortem “pipeline” plan for estates with non-resident beneficiaries by Anjali Navkar and Thanusan Raveendran...
- [INFOexchange 2019 Vol.2](https://calu.com/2019/04/01/infoexchange-2019-vol-2/) - Articles in this edition include: a message from Chair Roger Sinclair; a review by Jenny Du and John Grant regarding a key tax concern with actively trading investments within a TFSA and how Budget 2019 increases the associated tax risks to TFSA holders...
- [INFOexchange 2019 Vol.3](https://calu.com/2019/12/30/infoexchange-2019-vol-3/) - Articles in this edition include: Election results; 2020 AGM; Donations of life insurance policies in B.C.; Stock options; Recent CRA Announcements Regarding PHSPs and HCSAs; In-Trust Accounts: The good, the bad and the ugly
- [INFOexchange 2020 Vol.1](https://calu.com/2020/01/01/infoexchange-2020-vol-1/) - Content in this issue includes: Message from the Chair: 2019-2020 Year in Review; Be Greedy (In Tax) When Others Are Fearful; New C.D. Howe E-Brief –“The Power of Postponement”; Prescribed Rate Loan Planning and TOSI; The Challenges of Underwriting During a Pandemic
- [INFOexchange 2020 Vol.2](https://calu.com/2020/04/01/infoexchange-2020-vol-2/) - Content in this issue includes: Message from the Chair: Pivoting to the Opportunities; Taking a Stand on Long-Term Care; Pandemic highlights need for national standards for senior care...
- [INFOexchange 2020 Vol.4](https://calu.com/2020/10/01/infoexchange-2020-vol-4/) - Content in this issue includes: CEO Update; Tax Court of Canada Upholds CDA Credit for Insurance; Business-Use-of-Home Expenses of the Owner-Manager during COVID-191...
- [INFOexchange - 2021, Vol.1](https://calu.com/2021/04/29/infoexchange-2021-vol-1/) - In this issue: Finding the Opportunities in a Year of Challenges, by chair Cindy David; Budget 2021 highlights by GR Committee chair, Adrian George
- [INFOexchange 2020 Vol.3](https://calu.com/2020/07/01/infoexchange-2020-vol-3/) - Content in this issue includes: Message from the Chair: Planning Through Uncertainty; CRA provides new warnings on tax promoter schemes; Foreign Annuities – Different Countries, Different Landscape; Industry Voices Key as Government Pursues Revitalized Agenda
- [INFOexchange 2021 Vol.2 now available!](https://calu.com/2021/07/22/infoexchange-2021-vol-2-now-available/) - In this issue: Finding the Opportunities in a Year of Challenges, by chair Cindy David
- [INFOexchange 2021 vol. 3 is now available](https://calu.com/2021/10/01/infoexchange-2021-vol-3-is-now-available/) - INFOexchange 2021 vol. 3 is now available for members, with articles on Navigating the hurdles of real estate ownership by foreign persons by Scott Gorski and Understanding CALU’s Market Conduct Standards Committee by Roger Sinclair.
- [INFOexchange 2021 vol. 4 is now available](https://calu.com/2021/12/16/infoexchange-2021-vol-4-is-now-available/) - INFOexchange volume 4 is out as of today! Chair Barry Pascal reflects on the past year and looks forward to a bright year ahead.
- [INFOexchange 2022 vol. 1 is now available](https://calu.com/2022/03/31/infoexchange-2022-vol-1-is-now-available/) - INFOexchange volume 1 is now available for members! Chair Barry Pascal reflects on his time as CALU chair as it approaches its end. Followed is our GR Column covering the legislative agenda and governmental updates and two informative articles written by CALU Tax Advisor, Kevin Wark: Does Subsection 70(5.3) apply to corporations? The Underused Housing
- [INFOexchange 2022 vol. 2 is now available](https://calu.com/2022/07/07/infoexchange-2022-vol-2-is-now-available/) - INFOexchange 2022 volume 2 is now available! This issue includes Kelly Adams’ first message as CALU Chair and Kate Pal’s Government Relations update discussing Budget 2022, the CALU 2022 Conference & AGM and CALU’s advocacy plans for the summer. Finally, we have two expert articles authored by CALU Tax Advisor, Kevin Wark on Offshore LIA
- [INFOexchange 2022 vol. 3 is now available](https://calu.com/2022/10/05/infoexchange-2022-vol-3-is-now-available/) - INFOexchange 2022 volume 3 is now available. The issue includes a message from our Chair, Kelly Adams on the latest developments at CALU including preparations for our fall conference and a new mentorship program as well as an advocacy update from the Chair of the Government Relations Committee, Kate Pal. Also included are two expert
- [INFOexchange 2022 vol. 4 is now available](https://calu.com/2022/12/15/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
- [INFOexchange 2023 vol. 1](https://calu.com/2023/04/12/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
- [INFOexchange 2023 vol. 2 is now available!](https://calu.com/2023/07/06/infoexchange-2023-vol-2-is-now-available/) - This year’s second edition of INFOexchange includes the first message from our Chair, Robert McCullagh, as well as the first advocacy update from our new Board member and Chair of the Government Relations Committee, Diane Everett. Also included are two expert articles from Stuart Dollar, LLB, on “Non-resident tax on a disposition of a life
- [CALU Special Report - Genetic Testing Bill S-201](https://calu.com/2017/01/01/calu-special-report-genetic-testing-bill-s-201/) - Bill S-201 is a private members bill that will restrict employers and service/product providers from requiring an individual to either undergo a genetic test, or provide the results of genetic testing.
- [CALU Special Report - Detailed Analysis of Revised Income Sprinkling (TOSI) Rules](https://calu.com/2017/12/01/calu-special-report-detailed-analysis-of-revised-income-sprinkling-tosi-rules/) - This CALU Special Report provides a more detailed discussion on the application of the tax on split income (TOSI) rules and the most significant changes from the rules outlined in the July 2017 proposals.
- [CALU Special Report - Finance Consultation on the Taxation of Private Corporations](https://calu.com/2017/08/01/calu-special-report-finance-consultation-on-the-taxation-of-private-corporations/) - On July 18, 2017, the Department of Finance released a consultation paper and draft legislation that will significantly and negatively impact the tax and succession planning arrangements of many shareholders of private corporations. CALU is very concerned with this legislation, and believes that if these proposals are enacted as described in the consultation paper it will send a very negative message that will stunt the growth of the small business sector.
- [CALU Special Report - New Back-to-Back Shareholder Loan Rules - Impact on Collateral Insurance Arrangements](https://calu.com/2017/04/01/calu-special-report-new-back-to-back-shareholder-loan-rules-impact-on-collateral-insurance-arrangements/) - The rules in subsection 15(2) of the Income Tax Act operate to preclude the use of loans to shareholders to distribute corporate capital on a tax-free basis, by including the amount of the loan in the shareholder's income.
- [CALU Special Report - Budget 2021: Government moves forward with its post-pandemic vision for Canada](https://calu.com/2021/04/19/calu-special-report-budget-2021-government-moves-forward-with-its-post-pandemic-vision-for-canada/) - On April 19, 2021, Finance Minister Freeland tabled her first federal budget (“Budget 2021”), entitled “A Recovery Plan for Jobs, Growth, and Resilience.”
- [CALU Special Report – Valuing corporate owned life insurance: A new twist](https://calu.com/2022/01/27/calu-special-report-valuing-corporate-owned-life-insurance-a-new-twist/) - In this CALU Special Report, Valuing corporate owned life insurance – A new twist, Kevin Wark, LLB, CLU, TEP, Tax Advisor, CALU takes a look into the valuation of corporate-owned life insurance in determining Ontario estate administration taxes.
- [CALU Special Report: Federal Budget 2022](https://calu.com/2022/04/08/calu-special-report-federal-budget-2022/) - Finance Minister Chrystia Freeland tabled the Liberal government’s 2022 budget yesterday. Budget 2022, A Plan to Grow Our Economy and Make Life More Affordable, was a departure from the era of massive stimulus spending for COVID-19 measures, while attempting to maintain key Liberal tax and social policy themes and introducing several new initiatives to reflect
- [CALU Special Report: Federal budget 2023](https://calu.com/2023/03/29/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 - AMT update: New legislation released](https://calu.com/2023/09/14/calu-report-amt-update-new-legislation-released/) - This CALU Report on the Alternative Minimum Tax (AMT) updates a previous report and includes a review of the key rules as modified by the August 2023 draft legislation from the Department of Finance. (Members only) Download now
- [CALU Report – Insurance trusts](https://calu.com/2023/06/07/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
- [CALU Report - Are wealthy Canadians paying their fair share of tax?](https://calu.com/2023/03/15/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
- [CALU Report - Inflation and the impact on CPP and OAS](https://calu.com/2022/12/01/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
- [CALU Report - Update on post-mortem pipeline planning](https://calu.com/2022/09/07/calu-report-update-on-post-mortem-pipeline-planning/) - The Tax Court of Canada (TCC) decision in Robillard v. The Queen is a recent example of the tax uncertainty involving a post-mortem pipeline plan that was challenged by the Canada Revenue Agency (CRA). As discussed in this report by Sanjana Bhatia from Sun Life Financial, there continues to be two main uncertainties for those
- [CALU Report – Moving to Canada with a Foreign Insurance Policy: A Case Study (update)](https://calu.com/2022/08/10/calu-report-moving-to-canada-with-a-foreign-insurance-policy-a-case-study-update/) - In this February 2019 issue of the CALU Report, it was stated that subsection 70(5.3) provides that for purposes of section 128.1, the FMV of a foreign life insurance owned by a non-resident corporation on the life of shareholder, which corporation subsequently becomes resident in Canada as a consequence of the shareholder becoming a resident
- [CALU Report – Corporate-owned health insurance](https://calu.com/2022/06/02/calu-report-corporate-owned-health-insurance/) - In this brand new CALU Report now available for members, author Stuart Dollar of Sun Life Financial discusses the Income Tax Act and its flexibility for life insurance policies allowing them to better meet the business and personal needs of incorporated businesses and their shareholders than health insurance. However, health insurance can meet many business
- [CALU Report – Recent estate planning developments in Canada](https://calu.com/2022/03/03/calu-report-recent-estate-planning-developments-in-canada/) - In this expert CALU Report now available for members, authors Rachel Blumenfeld and Marni Pernica of Aird & Berlis LLP provide an overview of key legislative changes relating to estates and substitute decision-making laws in Canada and discuss recent case law on beneficiary designations and the presumption of resulting trust,
- [CALU Report - Private corporate tax accounts: Timing is everything](https://calu.com/2021/10/29/calu-report-private-corporate-tax-accounts-timing-is-everything/) - The Income Tax Act (ITA)1 establishes a number of different tax accounts for private corporations to ensure proper integration of taxes with shareholder distributions and to minimize tax avoidance transactions.
- [CALU Report - Life insurance shares – An overview](https://calu.com/2021/08/05/calu-report-tax-and-non-tax-considerations-for-corporate-owned-life-insurance/) - The latest CALU Report by Florence Marino is now available! Learn about tax (and non-tax) considerations for corporate-owned life insurance,
- [CALU Report - Donation of Private Corporation Shares](https://calu.com/2021/03/25/calu-report-donation-of-private-corporation-shares/) - Business owners with philanthropic intentions value tax-efficient charitable giving strategies. Read this CALU Report to understand how the use of corporate-owned life insurance to fund a charitable gift improves tax-efficiency and can lead to a legacy of gifting through generations.
- [CALU Report - The Principal Residence: Income Tax and Probate Considerations](https://calu.com/2021/02/18/calu-report-the-principal-residence-income-tax-and-probate-considerations/) - The principal residence is an important asset to consider in most Canadian estate plans. This is not surprising since, for couples who are home owners, their home is not only a place to build their lives together, but also often one of their key investments.
- [CALU Report - Shared Ownership Arrangements: New Planning/New Perspectives - Part 2](https://calu.com/2020/11/09/shared-ownership-arrangements-new-planning-new-perspectives-part-2/) - This CALU Report is the second in a two-part series entitled Shared Ownership Arrangements – New Planning/New Perspectives.
- [CALU Report - Shared Ownership Arrangements – New Planning/New Perspectives](https://calu.com/2020/07/21/shared-ownership-arrangements-new-planning-new-perspectives/) - This CALU Report provides a description of shared ownership arrange­ments, discusses new product applications and related premium sharing issues.
- [CALU Report - Can the CRA Pursue the Beneficiary of a Life Insurance Policy?](https://calu.com/2020/03/31/can-the-cra-pursue-the-beneficiary-of-a-life-insurance-policy/) - Section 160 of the Income Tax Act (the “Act”) broadens the power of the Canada Revenue Agency (CRA) to collect on income tax debts....
- [CALU Report - U.S. Reporting Obligations for the Life Insurance Settlement Industry](https://calu.com/2019/07/01/u-s-reporting-obligations-for-the-life-insurance-settlement-industry/) - Life insurance proceeds received on the death of a U.S. life insured are generally not taxable to beneficiaries under the U.S. Internal Revenue Code. Thus, similar to the situation in Canada, life insurance provides a tax-effective way to provide liquidity on the death of a U.S. person...
- [CALU Report - Common Law Will Revocation Clauses and RRSP/RRIF Beneficiary Designations](https://calu.com/2019/05/01/common-law-will-revocation-clauses-and-rrsp-rrif-beneficiary-designations/) - Provincial legislation and, to a greater extent, statutory interpretation dictates the effectiveness of RRSP and RRIF beneficiary designations. While common law provincial laws outline the legal requirements for making and revoking beneficiary designations under RRSP and RRIF plans, there are important variations.
- [CALU Report - Moving to Canada with a Foreign Insurance Policy: A Case Study](https://calu.com/2019/02/01/moving-to-canada-with-a-foreign-insurance-policy-a-case-study/) - This article will specifically address the income tax consequences of owning a life insurance policy acquired in a foreign jurisdiction, where such a policy is held directly by the individual or through a wholly-owned foreign corporation of the individual, and that individual becomes a Canadian resident.
- [CALU Report - Budget 2018: New Draft Legislation Released & Impact of U.S. Tax Reform on Cross-Border Planning](https://calu.com/2018/08/01/calu-report-budget-2018-new-draft-legislation-released-impact-of-u-s-tax-reform-on-cross-border-planning/) - There are two articles in this latest edition of CALU Report: "Budget 2018 – New Draft Legislation Released" and "Impact of U.S. Tax Reform on Cross-Border Planning"
- [CALU Report Feb 2018](https://calu.com/2018/02/03/calu-report-feb-2018/) - There are two articles in this latest edition of CALU Report: “Pre-separation Estate Planning – Asking for Trouble?” and “Changes to Voluntary Disclosure Program”
- [CALU Report - Comparison of Segregated Fund and Mutual Fund Taxation](https://calu.com/2017/11/01/comparison-of-segregated-fund-and-mutual-fund-taxation/) - In this latest edition of CALU Report, CALU members Russ Lavoie and Susan Ellis focus on the tax aspects of these funds, and review the differences between the products to explain why the tax results can sometimes differ significantly.
- [CALU Report - A Pensions Wish List](https://calu.com/2017/05/01/calu-report-a-pensions-wish-list/) - The state of retirement savings – and the retirement income security of Canadians – has been the subject of considerable public debate over the past decade. Several “fixes” have been proposed, based on various understandings of the “problem”.
- [CALU Report - Update on Interprovincial Tax Planning Using Trusts](https://calu.com/2017/03/01/calu-report-update-on-interprovincial-tax-planning-using-trusts/) - The Ontario provincial court issued a blow to interprovincial tax planning using trusts in the recently released decision The Herman Grad 2000 Family Trust v. The Minister of Revenue, (“Grad Trust”). The Grad Trust case is a recent addition to two similar cases released in 2015, the decisions Discovery Trust v. Canada (National Revenue) and Boettger, es qualites de fiduciaire du Nancy Smith c. L’agence du revenue du Quebec.
- [Finance Canada report on RRIF and Minimum Withdrawal Requirements](https://calu.com/2023/06/29/finance-canada-report-on-rrif-and-minimum-withdrawal-requirements/) - A new report on rules governing registered retirement income funds (RRIFs) on which CALU provided input was recently tabled in the House of Commons. The report addresses several key issues for the program including the conversion age, minimum withdrawal rates and the underlying assumptions used to determine the withdrawal formula. While the report does not
- [Rapport spécial de CALU : Réponses de la table ronde ARC-Finances 2022](https://calu.com/2022/06/28/rapport-special-de-calu-reponses-de-la-table-ronde-arc-finances-2022/) - Télécharger le rapport
- [Rapport de CALU – Actions d’assurance vie – Un aperçu](https://calu.com/2021/08/05/rapport-de-calu-actions-dassurance-vie-un-apercu/) - Télécharger le rapport
- [Rapport de CALU – Don d’actions de sociétés privées](https://calu.com/2021/03/25/rapport-de-calu-don-dactions-de-societes-privees/) - Télécharger le rapport
- [Rapport de CALU – Convention de copropriété partie 2](https://calu.com/2020/11/09/rapport-de-calu-convention-de-copropriete-partie-2/) - Télécharger le rapport
- [Rapport de CALU – Questions de la Table ronde 2020 de CALU et de l’ARC](https://calu.com/2020/08/03/rapport-de-calu-questions-de-la-table-ronde-2020-de-calu-et-de-larc/) - Télécharger le rapport
- [Rapport de CALU – L’ARC peut-elle poursuivre le bénéficiaire](https://calu.com/2020/03/31/rapport-de-calu-larc-peut-elle-poursuivre-le-beneficiaire/) - Télécharger le rapport
- [Rapport de CALU – Convention de copropriété](https://calu.com/2020/07/21/rapport-de-calu-convention-de-copropriete/) - Télécharger le rapport
- [CALU submission to Finance on DRD proposals](https://calu.com/2023/07/06/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 submissionView the attachment
- [CALU Submission to Finance on AMT](https://calu.com/2023/06/08/calu-submission-to-finance-on-amt/) - CALU has made representations to the Department of Finance on modifications to the AMT proposed in Budget 2023. We expressed general support for the stated intent of narrowing the application of the AMT to high income Canadians but provided recommendations to address two potentially problematic areas. First to lessen the impact of the AMT on
- [Submission to the Department of Finance on Registered Retirement Income Funds (RRIFs) study](https://calu.com/2023/03/01/submission-to-the-department-of-finance-on-registered-retirement-income-funds-rrifs-study/) - CALU submission to the Department of Finance on Registered Retirement Income Funds (RRIFs) study, relating to Private Member’s Motion M-45, introduced by the Hon. Kirsty Duncan, M.P. and adopted by the House of Commons in June 2022. View the submission
- [Pre-budget submission to the Department of Finance for “Let’s Talk Budget 2023”](https://calu.com/2023/02/11/submission-to-the-department-of-finance-for-lets-talk-budget-2023/) - CALU pre-budget submission to the Department of Finance for “Let’s Talk Budget 2023”. View the submission
- [CALU submission to Finance on LI in LI trusts](https://calu.com/2022/11/17/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
- [CALU submission on Proposed Notifiable Transaction Rules](https://calu.com/2022/11/02/calu-submission-on-proposed-notifiable-transaction-rules/) - CALU submission on Proposed Notifiable Transaction Rules recommending that the exclusion provided to financial institutions under draft subsection 237.4(6) not be part of the final notifiable transaction legislation. This would ensure these financial institutions play a similar role in reporting to the CRA, as compared to other financial and advisory organizations, by ensuring that proper
- [CALU submission for the pre-budget consultations in advance of the 2023 federal budget](https://calu.com/2022/09/15/calu-submission-for-the-pre-budget-consultations-in-advance-of-the-2023-federal-budget/) - CALU submission to the House of Commons Standing Committee on Finance with recommendations regarding small businesses, retirement and health care. View the submissionMémoire en français
- [CALU request for technical interpretation from CRA on jointly owned policies](https://calu.com/2022/07/20/calu-request-for-technical-interpretation-from-cra-on-jointly-owned-policies/) - CALU submitted a request for interpretation to CRA relating to the application of subsection 148(7) of the Income Tax Act to the joint owners of a life insurance policy on the death of one of the joint owners. Provided at the end of the submission is more information on the legal and tax nature of
- [CALU submission to Finance on Bill C‐208 and section 84.1](https://calu.com/2022/06/15/calu-submission-to-finance-on-bill-c‐208-and-section-84-1/) - CALU submission in response to the consultation announced in Budget 2022 relating to how the existing rules in section 84.1 of the Income Tax Act could be strengthened to protect the integrity of the tax system while continuing to facilitate genuine intergenerational business transfers. View the submission
- [CALU submission to CCIR-CISRO on Incentive Management Guidance](https://calu.com/2022/04/04/calu-submission-to-ccir-cisro-on-incentive-management-guidance/) - CALU submission on the Guidance to fully endorse the Advocis commentary, while also highlighting issues of particular interest and concern for our members.
- [CALU request on PHSP Limits under Section 20.01 and 144.1 of the Income Tax Act](https://calu.com/2022/03/31/calu-request-on-phsp-limits-under-section-20-01-and-144-1-of-the-income-tax-act/) - CALU submission to the Department of Finance to consider an increase in the deduction permitted under section 20.01 of the Income Tax Act for sole proprietors and partners in respect of premiums or contributions to a private health services plan.
- [CALU submission to the Commissioner of Lobbying on the draft Code](https://calu.com/2022/02/16/calu-submission-to-the-commissioner-of-lobbying-on-the-draft-code/) - CALU submits recommendations to the Commissioner of Lobbying based on the opinion that the current draft version of the Code contains elements that are unworkable, unenforceable and present an overreach specifically with the definitions of close relationships, low-value gifts and political activities. View the submission
- [CALU submission to consultation on the Underused Housing Tax](https://calu.com/2021/10/21/calu-submission-to-consultation-on-the-underused-housing-tax/) - CALU comments to the Department of Finance on its consultation relating to the underused housing tax announced in Budget 2021. View the submission
- [CALU submission on Proposed Amendments to Section 84.1 to Permit Intergenerational Transfers](https://calu.com/2021/09/17/calu-submission-on-proposed-amendments-to-section-84-1-to-permit-intergenerational-transfers/) - CALU comments to the Department of Finance on recent developments, including the recent enactment of Bill C‐208 and the subsequent Finance Canada media releases, as well as the growing experience with the exception to the Quebec Taxation Act rules that are the equivalent to section 84.1.
- [CALU request for comfort letter relating to the definition of the capital dividend account](https://calu.com/2021/08/10/calu-request-for-comfort-letter-relating-to-the-definition-of-the-capital-dividend-account/) - CALU request for comfort letter with respect to amending the definition “capital dividend account” in subsection 89(1) of the Income Tax Act (Canada). View the submission
- [Submission on draft legislation governing ELHTs](https://calu.com/2021/05/20/submission-on-draft-legislation-governing-elhts/) - CALU provided further input to the Department of Finance, regarding draft legislation contained in the Budget Implementation Act 2021, governing Employee Life and Health Trusts (ELHTs). This submission, which was prepared by Kevin Wark, Tax Advisor, and Robert McCullagh, Secretary-Treasurer, on behalf of the Health and Welfare Trust (HWT) Task Force, seeks to clarify one
- [CALU submission on draft legislation governing ELHTs](https://calu.com/2021/05/14/calu-submission-on-draft-legislation-governing-elhts/) - In this submission CALU will comment specifically on modifications to the “25%/75%” test for key employees so it will be determined at the trust (plan) level; changes that permit up to $2,500 for funding the costs of private health services plans (PHSPs) for key employees and family members; and other matters relating to the provision of health and welfare benefits for employees of small businesses.
- [Response to Impact of Calmusky Decision on Estate Planning](https://calu.com/2020/09/16/response-to-impact-of-calmusky-decision-on-estate-planning/) - A joint submission from Advocis, The Financial Advisors Association of Canada, and CALU to the Ministry of Finance outlining concerns about the potential impact of the recent Ontario court decision in Calmusky v. Calmusky on the estate plans of many Ontarians. View the submission
- [Pre-budget consultations in advance of the 2021 federal budget](https://calu.com/2020/08/06/pre-budget-consultations-in-advance-of-the-2021-federal-budget/) - CALU recommendations on the measures the federal government could take to restart the Canadian economy as it recovers from the COVID-19 pandemic and to enhance the social safety net and tax equity among Canadians. View the submission
- [Response to COVID-19 pandemic minimum withdrawal rate for registered retirement income funds](https://calu.com/2020/03/20/response-to-covid-19-pandemic-minimum-withdrawal-rate-for-registered-retirement-income-funds/) - A joint submission from Advocis, The Financial Advisors Association of Canada, and CALU with feedback and recommendations to the Department of Finance Canada regarding the proposed reduction in the minimum withdrawal rate for RRIFs. View the submission
- [Advocis/CALU joint submission on B.C.’s consultation on insurance rebating](https://calu.com/2019/09/16/advocis-calu-joint-submission-on-b-c-s-consultation-on-insurance-rebating/) - Comments on behalf of Advocis, The Financial Advisors Association of Canada, and CALU, the Conference for Advanced Life Underwriting regarding the consultation on insurance rebating in the province of British Columbia. View the submission
- [Intergenerational Transfers of Family Business](https://calu.com/2019/01/15/pre-budget-consultations-in-advance-of-the-2019-federal-budget/) - On January 15, 2019, CALU sent a letter to Finance Minister Bill Morneau reminding him that the rules regarding intergenerational transfers of family business need to be revised, and recommended that he announce legislative changes in this area as part of the 2019 federal budget. View the submission
- [CALU's submission on draft legislation — conversion of health and welfare trusts](https://calu.com/2019/08/12/calus-submission-on-draft-legislation-conversion-of-health-and-welfare-trusts/) - CALU provides feedback to the Department of Finance on the draft legislative proposals released on May 27, 2019, that are designed to facilitate the conversion of Health and Welfare Trusts to Employee Life and Health Trusts. View the submission
- [CALU submission on Health and Welfare Trusts](https://calu.com/2018/06/29/calu-submission-on-health-and-welfare-trusts/) - On June 29, 2018, CALU made a submission to Finance Minister Bill Morneau relating to the 2018 Federal Budget proposals which will require Health and Welfare Trusts (HWTs) to be wound-up or converted to Employee Life and Health Trusts (ELHTs) by the end of 2020. CALU also sent a copy of its 2010 submission to Finance Canada relating to
- [Consultation paper on taxation of private corporations](https://calu.com/2018/05/17/consultation-paper-on-taxation-of-private-corporations/) - On May 17, 2018, CALU made a submission to the Senate Standing Committee on National Finance (“Senate Finance Committee”) commenting on certain legislative proposals contained in Bill C-74, Budget Implementation Act 2018, No. 1 (“Bill C-74”). In particular, CALU commented on the tax on split income (TOSI) rules and the legislation that will limit access to the
- [Submission to Finance Canada on the draft TOSI legislation](https://calu.com/2018/02/16/submission-to-finance-canada-on-the-draft-tosi-legislation/) - On February 16, 2018, CALU completed its submission to Finance Canada on the draft TOSI legislation, which outlines in more detail these concerns and issues. A copy of the CALU submission can be found here. We continue to support the activities of the Coalition for Small Business Tax Fairness and plan to engage in further dialogue
- [Consultation paper on taxation of private corporations (section 84.1) final](https://calu.com/2017/10/02/consultation-paper-on-taxation-of-private-corporations-section-84-1-final/) - CALU submits observations and recommendations touching upon the lack of proper consultation, the multi-layered and punitive tax results, the negative economic and social impact and resulting tax uncertainty. The submission also contains a more technical discussion of three different proposals and our recommendations. View the submission
- [Additional follow-up submission regarding March 2016 budget proposals](https://calu.com/2016/08/24/additional-follow-up-submission-regarding-march-2016-budget-proposals/) - CALU recently wrote to the Department of Finance (Finance) to comment on Finance’s draft legislation released on July 29, 2016 relating to the tax treatment of certain transactions involving insurance owned by partnerships and corporations, which proposals were originally announced in the March 22, 2016 federal budget. View the submission
- [Follow-up submission regarding March 22, 2016 budget proposals](https://calu.com/2016/07/19/follow-up-submission-regarding-march-22-2016-budget-proposals/) - CALU recently wrote to the Department of Finance to provide details on CALU’s recommendations for transitional rules relating to certain insurance arrangements in place prior to the March 22, 2016 federal budget. CALU also took the opportunity to summarize certain other issues relating to the federal budget that were identified in CALU’s submission of April
- [CALU submission to finance relating to the August 29, 2014 budget legislation](https://calu.com/2014/09/28/calu-submission-to-finance-relating-to-the-august-29-2014-budget-legislation/) - In June 2013 the Department of Finance (Finance) released a consultation document (the consultation document) relating to the elimination of graduated tax rates for testamentary trusts and grandfathered inter vivos trusts. The consultation document indicated that Finance was concerned with the ability of testamentary trusts to access marginal tax rates as it raised questions of tax fairness
- [Request for a technical interpretation relating to life insurance and retirement compensation arrangements](https://calu.com/2014/08/18/request-for-a-technical-interpretation-relating-to-life-insurance-and-retirement-compensation-arrangements/) - As part of the package of questions provided to the Canada Revenue Agency (CRA) in preparation for the 2014 CALU CRA and Finance Roundtable, CALU posed a question concerning life insurance held by a retirement compensation arrangement. CALU’s question set out a fact pattern involving a “top-up pension” retirement compensation arrangement (RCA) that held life
- [CALU's Submission to Finance on Eliminating Graduated Rate Taxation of Trusts and Certain Estates](https://calu.com/2013/12/02/calus-submission-to-finance-on-eliminating-graduated-rate-taxation-of-trusts-and-certain-estates/) - CALU has recently written to the Department of Finance (“Finance”) to comment on the proposed changes contained in the document entitled “Consultation on Eliminating Graduated Rate Taxation of Trusts and Certain Estates” released by Finance on June 3, 2013. CALU’s comments are limited primarily to those changes that affect testamentary trusts and estates. View the
- [CALU's Submission to Finance re the LIA Proposals](https://calu.com/2013/05/29/calus-submission-to-finance-re-the-lia-proposals/) - On March 21, 2013, the Minister of Finance released proposals relating to leveraged insured annuities (LIAs) as part of the 2013 Budget. CALU has now completed its submission to the Department of Finance and a copy is posted here for your information. However, given the importance of this issue, the content of the submission is
- [CALU's Submission to Finance re the 10-8 Proposals](https://calu.com/2013/05/27/calus-submission-to-finance-re-the-10-8-proposals/) - On March 21, 2013, the Minister of Finance released proposals relating to 10-8 arrangements (“10-8 programs”) as part of the 2013 Budget. CALU has now completed its submission to the Department of Finance and a copy is posted here for your information. However, given the importance of this issue, the content of the submission is
- [CALU's Submission on EPSPs](https://calu.com/2011/10/27/calus-submission-on-epsps/) - CALU recently made a submission to The Department of Finance on the Employee Profit Sharing Plan (EPSP) Consultation Paper, noting CALU’s views on a a number of questions posed in the Paper, including: Eligibility to participate in an EPSP. Role of Minor Children. Limitation on Contributions. Withholding Requirements. The CALU submission also suggested that as
- [CALU's Submission to Finance re IPPs](https://calu.com/2011/09/16/calus-submission-to-finance-re-ipps/) - CALU has recently made a submission to Finance regarding the proposals contained in the 2011 Federal Budget relating to Individual Pension Plans (IPPs). It is CALU’s belief that, if enacted, the proposals will unfairly impact small business owners and key employees, who are attempting to save for retirement through a defined benefit plan arrangement. In
- [CALU's Submission to Finance on Employee Life and Health Trusts](https://calu.com/2010/04/29/calus-submission-to-finance-on-employee-life-and-health-trusts/) - The Department of Finance Canada has released draft legislation amending the Income Tax Act to address Employee Life and Health Trusts. The legislation would give legislative effect to most of the CRA’s current administrative guidelines for Health and Welfare Trusts and clarify the tax treatment for trusteed benefit plans. However, the legislation also contains proposals
- [CALU letter to government Re: Design of Canadian Dental Care Plan (CDCP)](https://calu.com/2023/05/31/calu-letter-to-government-re-design-of-canadian-dental-care-plan-cdcp/) - In this letter, CALU provides recommendations to government to help inform the design of the Canadian Dental Care Plan (CDCP) which is currently under development, particularly as it relates to the dental plans offered by small businesses. View the letter
- [Budget 2023 - The top three things to know](https://calu.com/2023/03/28/budget-2023-the-top-three-things-to-know/) - Here are the top three items of interest to CALU members from the federal government’s Budget 2023 tabled earlier today. A more detailed report on the Budget 2023 measures will be provided tomorrow. Read the document
- [CALU in Insurance Journal re: Parliamentarians and Finance Canada](https://calu.com/2023/03/17/calu-in-insurance-journal-re-parliamentarians-and-finance-canada/) - CALU quoted in Work with parliamentarians and Finance Canada continues by Kate McCaffery on Insurance Portal. Read the article
- [CALU in Globe and Mail re: RRIF age threshold](https://calu.com/2023/03/17/calu-in-globe-and-mail-re-rrif-age-threshold/) - CALU quoted in Federal government urged to consider raising RRIF age threshold by Irene Galea in the Globe and Mail. (Subscription required) Read the article
- [CALU in Advisor's Edge re: Changes to RRIF rules](https://calu.com/2023/03/13/calu-in-advisors-edge-re-changes-to-rrif-rules/) - CALU quoted in Industry groups call for changes to RRIF rules by Rudy Mezzetta on Advisor’s Edge. Read the article
- [CALU in Insurance Journal re: Retirement fund formulas](https://calu.com/2023/03/03/calu-in-insurance-journal-re-retirement-fund-formulas/) - CALU quoted in Finance Canada asked to make retirement fund formulas more transparent by Kate McCaffery on Insurance Portal. (Subscription required) Read the article
- [CALU in Insurance Journal re: Business tax and retirement fund changes](https://calu.com/2023/02/14/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
- [CALU in Investment Executive article](https://calu.com/2023/02/23/calu-in-investment-executive-article/) - Investment Executive article “Budget 2023 could target wealthy Canadians, experts suggest” includes quotes from CALU Tax Advisor Kevin Wark on Budget 2023 and related topics. View the article
- [Rapport de CALU - Comparaison de l’imposition des fonds distincts et des fonds communs de placement](https://calu.com/2017/11/01/comparaison-de-limposition-des-fonds-distincts-et-des-fonds-communs-de-placement/) - Télécharger le rapport
- [Rapport de CALU - CALU Table ronde 2018 de l’ARC et du ministère des Finances](https://calu.com/2018/06/01/calu-table-ronde-2018-de-larc-et-du-ministere-des-finances/) - Télécharger le rapport
- [Avis de pratique de CALU - Incitations faites au titulaire de police, y compris les rabais de prime](https://calu.com/2019/03/01/incitations-faites-au-titulaire-de-police-y-compris-les-rabais-de-prime/) - Télécharger maintenant
- [Rapport de CALU - Le point sur la planification fiscale interprovinciale ayant recours à des fiducies](https://calu.com/2017/03/01/le-point-sur-la-planification-fiscale-interprovinciale-ayant-recours-a-des-fiducies/) - Télécharger le rapport
- [Rapport de CALU - Une liste de souhaits pour la retraite](https://calu.com/2017/05/01/une-liste-de-souhaits-pour-la-retraite/) - Télécharger le rapport
- [Rapport spécial de CALU - Consultation avec le ministère des Finances sur l’imposition des sociétés privées](https://calu.com/2017/08/01/consultation-avec-le-ministere-des-finances-sur-limposition-des-societes-privees/) - Télécharger le rapport
- [Rapport de CALU - Planification successorale pré-séparation - s’attire-t-on des problèmes?](https://calu.com/2018/02/03/planification-successorale-pre-separation-sattire-t-on-des-problemes/) - Télécharger le rapport
- [Rapport de CALU - Budget de 2018 — Publication du nouvel avantprojet de loi](https://calu.com/2018/08/01/budget-de-2018-publication-du-nouvel-avantprojet-de-loi/) - Télécharger le rapport
- [Rapport de CALU - Déménager au Canada avec une police d’assurance-vie détenue par une société étrangère Étude de cas](https://calu.com/2019/02/01/demenager-au-canada-avec-une-police-dassurance-vie-detenue-par-une-societe-etrangere-etude-de-cas/) - Télécharger le rapport
- [Rapport de CALU - Clauses de révocation par testament et désignations de bénéficiaire pour les REER/FERR dans les provinces de common law](https://calu.com/2019/05/01/clauses-de-revocation-par-testament-et-designations-de-beneficiaire-pour-les-reer-ferr-dans-les-provinces-de-common-law/) - Télécharger le rapport
- [Rapport de CALU - Résumé de la table ronde de l’ARC avec l’APFF et l’ACCAP](https://calu.com/2019/12/01/resume-de-la-table-ronde-de-larc-avec-lapff-et-laccap/) - Télécharger le rapport
- [Finance proposes to defer implementation date for Bill C-208](https://calu.com/2021/07/09/finance-proposes-to-defer-implementation-date-for-bill-c-208/) - Bill C-208 is the private member bill intended to facilitate the transfer of small businesses to family members that received Royal Assent June 29, 2021. The Department of Finance has now announced that the federal government plans to introduce legislation that will defer the implementation date of these amendments until January 1, 2022. The passing
- [CALU 2022 Year in review](https://calu.com/2023/01/19/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
- [CRA responds to April 2014 technical interpretation request](https://calu.com/2015/11/16/cra-responds-to-april-2014-technical-interpretation-request/) - The Canada Revenue Agency (CRA) has issued several interpretations indicating that the ownership and funding of life insurance within a spousal or alter ego/joint partner trust will “taint” the trust, resulting in certain negative tax consequences. In April 2014 CALU made a request to the CRA for a technical interpretation relating to a specific fact
- [CRA responds to CALU submission of August 2014](https://calu.com/2015/12/14/cra-responds-to-calu-submission-of-august-2014/) - On December 14, 2015 the CRA responded to the CALU submission of August 2014. In summary, it would appear that the CRA accepts that the advantage tax may not apply to life insurance within an RCA where it can be demonstrated that the insurance benefits provided on death are necessary to fund promised survivor benefits.
- [Best Practice Guidelines for Life Insurance Donations](https://calu.com/2021/05/27/best-practice-guidelines-for-life-insurance-donations/) - CAGP’s Best Practice Guidelines for Life Insurance Donations: A new and exciting public resource for Charities, Advisors and Donors on Thursday, June 9, 2021, from 1 p.m. to 2 p.m. ET.
- [Economic and Fiscal Update 2021](https://calu.com/2021/12/16/economic-and-fiscal-update-2021/) - MPs in the House of Commons are in a FES-tive mood today – and the cedar garlands adorning the walls of Parliament Hill aren’t the only reason. The federal government’s long-awaited Fall Economic Statement was delivered by Finance Minister and Deputy Prime Minister Chrystia Freeland today.
- [Draft tax legislation released](https://calu.com/2022/02/10/draft-tax-legislation-released/) - On February 4, 2022, the federal government released a package of draft legislation relating to Budget 2021 tax measures, as well as previously announced tax proposals. Tax measures that are of particular interest to CALU members and their clients include: Interest deductibility rules – Budget 2021 proposed tax measures that are intended to limit the
- [Best practices for the use of life insurance in charitable giving](https://calu.com/2021/04/15/best-practices-for-the-use-of-life-insurance-in-charitable-giving/) - With input of CALU and other recognized experts in strategic philanthropy, financial planning and the insurance industry, the Canadian Association of Gift Planners (CAGP) has created a series of user-friendly information resources intended to provide straightforward guidance and direction to fundraisers, professional advisors, donors, and insurers when facilitating charitable donations using life insurance. The guidance
- [Do good and grow your business with Will Power](https://calu.com/2021/04/15/do-good-and-grow-your-business-with-will-power/) - Have you signed up to be part of the Will Power campaign? Will Power is the biggest effort in Canada’s history to make leaving an estate gift to charity the social norm. By inspiring Canadians to plan their estate and include a gift to charity, the campaign promises to open-up $40B for social good. CALU is proud
- [CLHIA's recommendations to Finance regarding modifications to exempt test and accumulating fund calculation for life insurance policies in Canada](https://calu.com/1998/08/01/clhias-recommendations-to-finance-regarding-modifications-to-exempt-test-and-accumulating-fund-calculation-for-life-insurance-policies-in-canada/) - The CLHIA made a submission to the Department of Finance containing recommendations regarding modifications to exempt test and accumulation fund calculation for life insurance policies in Canada. View the submission
- [CALU's and CLHIA's Submission on the Taxation of Long Term Care and Critical Illness Insurance](https://calu.com/2004/03/18/calus-and-clhias-submission-on-the-taxation-of-long-term-care-and-critical-illness-insurance/) - The CALU and CLHIA submission to Finance Canada analyzes and discusses such issues as product design, tax principles, markets and applications, legal considerations and the taxation of both stand-alone CI or LTC insurance and combination Life and CI/LTC policies. View cover letterView the submission
- [CALU's Submission to CRA on Disability Benefits Under UL Policies](https://calu.com/2009/04/01/calus-submission-to-cra-on-disability-benefits-under-ul-policies/) - CALU wrote to the Canada Revenue Agency (CRA) about a December 2008 CRA Technical Letter which questioned whether the payment of disability benefits under a universal life policies from the accumulating fund was in fact a disability benefit for income tax purposes. View the submission
- [CALU's Recommendations to Finance on the Transfer of a Life Policy and Capital Dividend Account](https://calu.com/2009/05/12/calus-recommendations-to-finance-on-the-transfer-of-a-life-policy-and-capital-dividend-account/) - CALU has written to the Department of Finance to recommend changes to the Income Tax Act which would accommodate the transfer of a life insurance policy from a shareholder to a corporation under the relevant section of the Act, as well as to allow a private corporation which was the beneficiary of a life insurance
- [CALU's Exempt Test Submission to Finance](https://calu.com/2009/11/10/calus-exempt-test-submission-to-finance/) - CALU has made a submission to the Department of Finance Canada relating to possible changes to the exempt test as a result of discussions that have taken place over the past two years or so. The submission essentially summarizes CALU´s position on various issues relating to the current exempt test rules and related topics. View
- [CALU's Submission to Finance on Avoidance Transactions](https://calu.com/2010/07/08/calus-submission-to-finance-on-avoidance-transactions/) - In the 2010 Federal Budget, the Department of Finance (“Finance”) announced that it would engage in public consultation on proposals concerning an information reporting regime for certain tax avoidance transactions. This information reporting regime would be in addition to other provisions of the Income Tax Act that are geared to preventing aggressive tax planning strategies
- [CALU's Submission to CRA on taxation of insurance commissions on personally owned life insurance](https://calu.com/2010/07/26/calus-submission-to-cra-on-taxation-of-insurance-commissions-on-personally-owned-life-insurance/) - Recently the Tax Court of Canada (TCC) in Bilodeau v. The Queen addressed the issue of whether commission income received by a life insurance agent on a life insurance policy on the agent’s liife was taxable. The TCC found that the commission income was fully taxable as business income in the hands of the agent, and that
- [CALU's Submission on Retirement Income](https://calu.com/2011/06/24/calus-submission-on-retirement-income/) - For most, if not all, Canadians, the challenge of saving for retirement, and ensuring an adequate income during their retirement years, is one of the most significant issues they face during their lifetime. In representing the interests of its members, and their clients, CALU has prepared observations and recommendations which reflect a realistic, and targeted,
- [CALU's Submission to Finance on the CDA Definition](https://calu.com/2013/05/02/calus-submission-to-finance-on-the-cda-definition/) - As CALU members are aware, the Canada Revenue Agency (CRA) has expressed concerns with arrangements where the corporate owner of a life insurance policy designates another corporation as beneficiary in order to maximize the CDA credit. This has resulted in several technical interpretations where the CRA has indicated it might apply GAAR or other sections
- [CALU's Submission to CRA re Ownership of Life Insurance in a Spousal Trust](https://calu.com/2013/08/30/calus-submission-to-cra-re-ownership-of-life-insurance-in-a-spousal-trust/) - CALU has recently written to the Canada Revenue Agency (CRA) asking for further clarification relating to the CRA’s responses to questions posed by CALU at the 2012 CALU AGM CRA Roundtable regarding ownership of life insurance in a spousal trust. We will keep members advised of the response we receive to this letter. View the
- [CALU Appears at House Finance Committee](https://calu.com/2015/05/28/calu-appears-at-house-finance-committee/) - CALU appeared before the House of Commons Standing Committee on Finance (FINA) to participate in the Committee`s study concerning Bill C-59, An Act to implement certain provisions of the budget tabled in Parliament on April 21, 2015 and other measures. On Thursday, May 28, 2015 in the time slot between 8:45 a.m.-10:15 a.m. EST, CALU
- [CALU's 2016 pre-budget submission](https://calu.com/2015/07/20/calus-2016-pre-budget-submission/) - On May 25, 2015 the House of Commons Standing Committee on Finance launched its pre-budget consultation process, and invited Canadians to participate. Suggestions made by Canadians and the pre-budget report compiled by the Committee will be considered by the Minister of Finance in the development of the 2016 federal budget. As part of that process,
- [CALU's 2015 pre-budget submission](https://calu.com/2015/08/01/calus-2015-pre-budget-submission/) - CALU participated in the House of Commons Finance Committee (Finance Committee) 2015 pre-budget consultation process and made two recommendations: that the Federal government provide a tax incentive for the purchase of long term care insurance; and that the RRIF minimum formula be adjusted to account for lower interest rates and increased longevity. The House of
- [Charitable Gifting legislation submission](https://calu.com/2015/09/16/charitable-gifting-legislation-submission/) - In late July, the Department of Finance (Finance) released draft legislation relating to charitable gifts arising from the sale of shares in a private corporation or real estate to an arm’s-length purchaser. CALU recently published a Special Report discussing these new rules. While CALU is supportive of the overall tax policy goals of the legislation, we do
- [CALU calls for level playing field](https://calu.com/2016/02/01/calu-calls-for-level-playing-field/) - CALU believes it is important that provincial and federal government policies not only encourage the ongoing growth of small businesses, but also support the successful transfer of those businesses to the next generation of owners with tax rules that establish a level playing field for all. View the submission
- [CALU submission regarding March 22, 2016 budget proposals](https://calu.com/2016/04/29/submission-regarding-march-22-2016-budget-proposals/) - CALU recently wrote to the Department of Finance to comment on proposed changes contained in the March 22, 2016 federal budget relating to the tax treatment of certain transactions involving life insurance owned by partnerships and corporations. In particular, CALU indicated that is it generally supportive of these proposals as they apply to transactions entered
- [CALU's 2017 pre-budget submission](https://calu.com/2016/07/01/calu-2017-pre-budget-submission/) - CALU has made a submission to the House Finance Committee renewing our recommendation that the existing federal tax rules in section 84.1 of the Income Tax Act be modified to support the transfer of incorporated small businesses to family members on a tax neutral basis. CALU is also recommending that a federal tax incentive be
- [The House of Commons Standing Committee on Finance (FINA) releases report](https://calu.com/2016/12/01/the-house-of-commons-standing-committee-on-finance-fina-releases-report/) - The House of Commons Standing Committee on Finance (FINA) has now released its report and recommendations arising from its 2017 Pre-budget Consultation Report. View the submission
- [CALU's 2018 pre-budget submission](https://calu.com/2017/07/01/2018-pre-budget-submission/) - CALU submission to the House Finance Committee renewing our recommendation that a federal tax incentive be implemented to encourage Canadians to become more self-sufficient with respect to their long-term health care needs through the purchase of long term care insurance. We have made a request to appear before the Committee to provide more details on our
- [CALU's 2019 pre-budget submission](https://calu.com/2018/08/01/2019-pre-budget-submission/) - As part of the consultations leading up to Budget 2019, CALU made a submission to the House of Commons Standing Committee on Finance. CALU’s recommendations focused on three main themes: long-term care support for Canadians, pharmacare and the taxation of private corporations. View the submission
- [CALU’s 2020 federal budget submission](https://calu.com/2019/07/01/calus-2020-federal-budget-submission/) - In July, CALU submitted its annual pre-budget brief to the House of Commons Standing Committee on Finance. View the submission
- [CALU joins forces with leaders in pharmacare advocacy](https://calu.com/2021/04/15/calu-joins-forces-with-leaders-in-pharmacare-advocacy/) - CALU has joined with other important players in the health and health insurance space as part of the Together for Better Health coalition. Together for Better Health is committed to informing Canadians about alternatives to a universal single-payer pharmacare system. It promotes the wisdom of ensuring coverage for all who need it by keeping and
- [CRA cautions against TFSA maximizer schemes](https://calu.com/2021/05/20/cra-cautions-against-tfsa-maximizer-schemes/) - The Canada Revenue Agency (CRA) is warning Canadians about participating in tax schemes where promoters are claiming that individuals can transfer funds out of their registered retirement savings plan (RRSP) or registered retirement income fund (RRIF) into a tax-free savings account (TFSA) without paying taxes and without regard to the annual TFSA contribution limit.
- [Canadian Business Resilience Network calls on the Prime Minister for national economic re-opening plan](https://calu.com/2021/05/20/canadian-business-resilience-network-calls-on-the-prime-minister-for-national-economic-re-opening-plan/) - CALU joined with the Canadian Business Resilience Network of the Canadian Chamber of Commerce to call on the Rt. Hon. Justin Trudeau, Prime Minister of Canada to take action. The group penned an an open letter asking the PM to work closely with all of the premiers in developing a pan-Canadian pandemic reopening plan. With
- [Good news for family business succession!](https://calu.com/2021/06/24/bill-c-208-progressing-through-senate/) - For years CALU has been advocating for a change to section 84.1 of the Income Tax Act, an anti-avoidance rule that applies where owners of a private corporation sell shares to another corporation controlled by family members. On June 22, 2021 that advocacy paid off when the Senate adopted Bill C-208. The final remaining step
- [Pre-budget consultations in advance of the 2022 federal budget](https://calu.com/2021/08/05/pre-budget-consultations-in-advance-of-the-2022-federal-budget-2/) - CALU submission to the House of Commons Standing Committee on Finance with recommendations based on our public policy priorities.
- [Canada’s healthcare system? Most say it’s working as well as can be expected](https://calu.com/2021/08/10/canadas-healthcare-system-most-say-its-working-as-well-as-can-be-expected/) - Source: Abacus Data Abacus Data released a report today relating to polling commissioned by CLHIA that says nearly three-quarters of Canadians support an approach to pharmacare that provides coverage for those who do not have it without impacting the coverage of those who do. This view is held consistently across geographic regions and also with
- [Government of Canada and Prince Edward Island accelerate work to implement pharmacare](https://calu.com/2021/08/11/government-of-canada-and-prince-edward-island-accelerate-work-to-implement-pharmacare/) - Source: Health Canada Federal Health Minister Patty Hajdu announced the Governments of Canada and Prince Edward Island have signed the first agreement towards a universal pharmacare program in Canada. Under this agreement, PEI will receive $35 million in federal funding over four years to add new drugs to the list of covered drugs and lower
- [Chamber of Commerce tax survey](https://calu.com/2021/10/01/chamber-of-commerce-tax-survey/) - Calling all tax experts! The Canadian Chamber of Commerce and EY are conducting a national survey to identify opportunities for modernizing and simplifying tax administrative processes for Canadian employers. Please take a few moments to share your insights on the topic and complete the survey. Complete the survey now!
- [Pre-budget consultations in advance of the 2022 federal budget (update)](https://calu.com/2022/02/08/pre-budget-consultations-in-advance-of-the-2022-federal-budget/) - CALU submission to the Department of Finance with recommendations to best support economic growth, make life more affordable and build an even stronger economy for the future. View the submission
- [CALU in Advocis newsletter](https://calu.com/2022/08/09/3762/) - CALU tax advisor, Kevin Wark was featured in a recent Advocis newsletter with his article A Loss of Trust. He unravels a case that serves as a warning to business owners who are engaging in succession and tax planning to be scrupulous when transferring business assets to adult children. View the article
- [CALU in Insurance Journal on 2023 pre-budget submission](https://calu.com/2022/09/26/calu-in-insurance-journal-on-2023-pre-budget-submission/) - CALU was featured in the Insurance Journal’s online portal regarding our 2023 pre-budget submission for House of Commons Standing Committee on Finance. Read the article
- [CALU in Advocis Forum magazine](https://calu.com/2022/12/20/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
- [New federal tax proposals and legislation - The top five](https://calu.com/2022/11/07/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
- [Elite Advisors Program – elevate your business](https://calu.com/2021/10/29/elite-advisors-program-elevate-your-business/) - Transform your professional online presence with the Elite Advisors Program for CALU members.
- [2021 Fall Conference – recap](https://calu.com/2021/12/02/2021-fall-conference-recap/) - Our virtual 2021 Fall conference was a success! We had a great turnout of attendees who had the opportunity to listen to many insightful presentations by a handful of industry experts. Thank you to all of those who participated and made this possible.
- [Roger Sinclair new Chair of the CALU board](https://calu.com/2019/05/07/roger-sinclair-new-chair-of-the-calu-board/) - May 7, 2019 – Roger Sinclair, CFP, has been elected Chair of the Board of the Conference for Advanced Life Underwriting (CALU) for the years 2019-2020. Based in Dartmouth, Nova Scotia, Roger is a Founder and Partner at SBW Wealth Management & Employee Benefits. He has spent 37 years providing practical financial advice to clients
- [CALU Welcomes BMO Insurance - Financial Hardship Life Advance Program](https://calu.com/2019/10/15/calu-welcomes-bmo-insurance-financial-hardship-life-advance-program/) - Ottawa, October 15, 2019 — The Conference for Advanced Life Underwriting (CALU) welcomed a new program launched by BMO Insurance earlier this week that will support life insureds who have a limited life expectancy and are in financial need. “CALU applauds BMO Insurance for their leadership with this industry leading program. We have been actively
- [Cindy David named as CALU’s third female chair](https://calu.com/2020/05/11/cindy-david-named-as-calus-third-female-chair/) - OTTAWA, ON, May 11, 2020 Cindy David, CFP, CLU, FEA, TEP, has been elected Chair of the Board of the Conference for Advanced Life Underwriting (CALU) for the 2020-2021 term. As the third female chair in the board’s 29-year history and the second in eight years, Cindy’s appointment reflects CALU’s commitment to the advancement of
- [Barry Pascal appointed CALU chair](https://calu.com/2021/05/05/barry-pascal-appointed-calu-chair/) - OTTAWA, ON, May 05, 2021 — Barry Pascal, MFA-P, TEP, has been elected chair of the board for the Conference for Advanced Life Underwriting (CALU) for the 2021-2022 term. Barry is a partner at Bell Pascal Insurance Services, a Montreal-area firm specializing in estate and succession planning and the funding of shareholder agreements for entrepreneurs
- [Nomination de Barry Pascal à titre de président de CALU](https://calu.com/2021/05/05/nomination-de-barry-pascal-a-titre-de-president-de-calu/) - OTTAWA (Ontario), le 5 mai 2021 — Barry Pascal, MFA-P, TEP, a été élu président du conseil d’administration de CALU pour le mandat de 2021 à 2022. Barry est un associé chez Bell Pascal Services Assurance, une entreprise de la région de Montréal spécialisée dans la planification successorale et le financement de conventions d’actionnaires pour
- [CALU reacts to Federal Budget 2022](https://calu.com/2022/04/07/calu-reacts-to-federal-budget-2022/) - Ottawa, April 7, 2022 – CALU took note of the various measures included in Budget 2022 of interest to leaders in the life insurance and financial advisory industry – notably in relation to rules to facilitate intergenerational business transfers following the legislative passage of Private Member’s Bill C-208 last June. Budget 2022 announced a consultation
- [Overview of the FHSA](https://calu.com/2022/08/25/overview-of-the-fhsa/) - Budget 2022 announced a new savings account for first time home buyers – the Tax-Free Home Savings Account (FHSA). This is one of several initiatives designed to make housing more affordable for younger Canadians. In effect, the FHSA combines the best features of an RRSP (tax-deductible contributions and tax deferred income) and a TFSA (tax-free
- [CALU Strategic Plan 2021-2023](https://calu.com/2021/04/22/calu-strategic-plan-2021-2023/) - CALU’s board of directors and staff have created a strategic plan to guide CALU through the next three years. In developing CALU’s 2021-23 Strategic Plan, the board set out to determine the right direction, priorities and initiatives for CALU to pursue to support members through a challenging present while remaining vital and relevant well into
- [CALU 2020-2021 Year-In-Review](https://calu.com/2021/04/29/calu-2020-2021-year-in-review/) - Have a look at the year that was in the CALU 2020-21 Year in Review.
- [From the campaign trail](https://calu.com/2021/08/26/1420/) - The federal election period is well underway with the leaders from all of the major political parties making announcements with their plans for the future of Canada. For a recap of this week's campaign news, please see our government relations firm Summa Strategies' weekly summary. For regular updates, you can subscribe yourself to their newsletter. We
- [Federal election 2021](https://calu.com/2021/09/02/federal-election-2021/) - With Canadians heading to the polls in a little over two weeks from now, let's take a look to see what the three largest parties are offering. Our government relations consultants at Summa Strategies have analyzed the parties' election platforms in comparison with CALU's public policy priorities and prepared a summary report on key areas of
- [Advocacy and election update](https://calu.com/2021/09/10/advocacy-and-election-update/) - This week on the campaign trail: the Green party released their platform the Conservative party published their costed plan Leaders debates were held in French and in English Follow CALU's government relations consultants at Summa Strategies for election updates and analysis, including their weekly summary and debate coverage.
- [Federal election debrief next week](https://calu.com/2021/09/16/federal-election-debrief-next-week/) - After a little more than a month of campaigning, the federal parties are racing towards the election day finish line on Monday. Currently too close to call, we will be closely monitoring the results and then holding a complimentary webinar for you on Thursday, September 23 at 4:30 p.m. ET, where our GR consultants at Summa Strategies
- [Election debrief for members](https://calu.com/2021/09/16/election-debrief-for-members/) - Join us at 4:30 p.m. ET, Septembe 23 for a special CALU webinar with Elliot Hughes, Daniel Perry and Alon Faitelis from Summa Strategies as they discuss the results of the 2021 federal election in the context of CALU's public policy priorities. Register now!
- [Federal cabinet announced](https://calu.com/2021/10/29/federal-cabinet-announced/) - CALU offers its congratulations to all 38 new and returning federal cabinet ministers. The cabinet was announced by the Prime Minister and sworn in by the Governor General this past Tuesday. Our consultants at Summa Strategies have prepared an analysis of the new cabinet. CALU's Government Relations Committee will be meeting next week to review our
- [CALU 2021 Year in Review](https://calu.com/2022/04/27/calu-2021-year-in-review/) - Look back with us at this past year with the CALU 2021 Year in Review.
- [Consultation paper on taxation of private corporations (section 84.1)](https://calu.com/2017/09/29/consultation-paper-on-taxation-of-private-corporations-section-84-1/) - On September 29, 2017, CALU filed a submission with Minister Morneau on Section 84.1 and family business succession which describes how it would be possible to better accommodate genuine intergenerational business transfers while still protecting against potential abuses of any such accommodation. View the submission
- [CALU advocacy update - 2021 Speech from the Throne](https://calu.com/2021/12/02/calu-advocacy-update-2021-speech-from-the-throne/) - Last week, the Governor General delivered the throne speech to open the 44th parliament and outline the governments agenda. Although the speech was very high level, there were no surprises and it fell closely in line with previous policy statements by this government.
- [Celebrating our volunteers](https://calu.com/2021/04/22/celebrating-our-volunteers/) - National Volunteer Week is a time to recognize and celebrate the many contributions made by Canada’s volunteers. CALU has a particularly proud history as a volunteer-driven organization; over 100 members volunteer on CALU’s 18 committees, issue groups and, of course, our board of directors.
- [Groups call for small business to be the focus of the federal budget](https://calu.com/2021/03/25/groups-call-for-small-business-to-be-the-focus-of-the-federal-budget/) - CALU President and CEO Guy Legault is among the Canadian business and investment industry association executives interviewed about their pre-budget recommendations to the federal government in this recent article in The Globe and Mail.
- [FINA APPEARANCE ON BILL C-208](https://calu.com/2021/04/01/fina-appearance-on-bill-c-208/) - CALU chair Cindy David and tax advisor Kevin Wark appeared before the Standing Committee on Finance (FINA) on March 9th to comment on Bill C-208.
- [A Fall Conference program that educates and informs](https://calu.com/2021/10/01/a-fall-conference-program-that-educates-and-informs/) - CALU's committee volunteers have been hard at work organizing educational sessions for the 2021 Fall Conference. These timely and informative workshops are designed to keep you up-to-date on industry best practices and provide you with an opportunity for CE credits (subject to course approval). Check out the program and register now! With thanks to the Associates'
- [Register now for the CALU Fall conference](https://calu.com/2021/09/16/register-now-for-the-calu-fall-conference/) - Join us November 23 & 24, 2021 for the CALU Fall conference! Registration is now open for the CALU 2021 Fall conference! You won't want to miss this two-day conference for members featuring educational sessions, tips and best practices, technical deep-dives, Tax & Estate Update, Pundits Panel, and more. Combining all the best of the Associates'
- [Life insurance transfers series is now on-demand](https://calu.com/2021/04/15/life-insurance-transfers-series-is-now-on-demand/) - Rated as excellent by attendees, the two-part webinar series, Life Insurance Transfers – Planning Opportunities and Pitfalls, is available on-demand at calu.luma.one. Two CE credits can be earned for each webinar (as permitted by individual credentialing bodies). You must be registered to view the webinars. All registrants will receive a free e-guide on the topic
- [Guy Legault recognized with CSAE Pinnacle Award](https://calu.com/2021/04/22/guy-legault-recognized-with-csae-pinnacle-award/) - CALU president and CEO Guy Legault’s exceptional contributions to association leadership and the Canadian association community have been recognized with a CSAE Pinnacle Award. This award celebrates sustained commitment and outstanding contribution to the Canadian Society of Association Executives and to the association sector at large. It’s one of CSAE’s highest levels of recognition. The
- [Save the date: 2021 Fall conference](https://calu.com/2021/09/10/save-the-date-2021-fall-conference/) - New this year, CALU is holding a virtual fall conference for members on Tuesday, November 23 to Wednesday, November 24. Led by Barry Pascal, chair, Board of Directors and Hemal Balsara, chair, Associates' Meeting Committee, this two-day online event features all of the content that you have come to expect from the fall Regional Meetings

## Pages

- [Home](https://calu.com/) - Insights & updatesStay informed with the latest news and publications from CALU. CALU Practice Note: Bare trusts and life insuranceCeleste Luery2026-07-22T11:34:48-04:00July 22, 2026|CALU Practice note, Publications and reports| Bare trusts have long been used for personal and ... INFOexchange 2026 vol. 2 is now available!Celeste Luery2026-07-08T15:45:20-04:00July 8, 2026|INFOexchange, Publications and reports| In our second INFOexchange
- [CALU 2026 Advanced Education Symposium registration policy](https://calu.com/calu-2026-advanced-education-symposium-registration-policy/) - CALU 2026 Advanced Education Symposium registration policy Updated August 2026 1. Registration entitles the participant to attend the entire event, as well as obtain supporting materials, CE certificates (subject to approval), meals (in person registrants only) and access to on demand videos for a limited period. Registration does not include accommodations, non-program related meals, travel
- [CALU Committees and Resource Group](https://calu.com/calu-committees-and-resource-group/) - CALU CommitteesCALU provides members with opportunities to volunteer their time and expertise by serving on Committees on a program year basis (May to April). Committees have fixed terms of reference and varying requirements in terms of meetings and work outside meetings. 2026-2027 Committees Advanced Education and Publications Committee Identifying content and delivery methods – other
- [On demand webinars](https://calu.com/on-demand-webinars/) - Learning you can access from anywhere, anytime!What does CALU offer on demand? Many of CALU’s past educational webinars, and content from in person events, including our annual Conference & AGM and Advanced Education Symposium, are available for viewing on demand. Topics include a variety of technical and other topics of interest to leaders in the
- [Past events](https://calu.com/past-events/) - Take a look at our past eventsBenefit from a virtual learning experience through our on demand recordings. On demand recordings All on demand recordings will be available to event registrants at calu.luma.one. Existing users, your username is your email address. Your profile will be updated to include new video access. You can also click “Forgot
- [Past Chairs](https://calu.com/past-chairs/) - We are grateful for the immeasurable contributions of CALU’s past chairs to the continued success of the organization. Past Chairs 2025-2026 Sterling Rempel 2024-2025 Jeffrey (Jeff) Wilson 2023-2024 Robert McCullagh 2022-2023 Kelly Adams 2021-2022 Barry Pascal 2020-2021 Cindy David 2019-2020 Roger Sinclair 2018-2019 Marty McConnell 2017-2018 Gilles Chevalier 2016-2017 Clay Gillespie 2015-2016 Roger Thorpe 2014-2015
- [Member benefits](https://calu.com/member-benefits/) - Your CALU member benefitsOur members have access to exclusive events, professional development opportunities, and tools and resources to stay connected and informed. Our members learn from and share ideas with the best and brightest practitioners in Canada. BECOME A MEMBER NOW!Public policy & advocacy CALU is a trusted, non-partisan resource on tax and public policy
- [Frequently asked questions](https://calu.com/frequently-asked-questions/) - What does CALU do? The Conference for Advanced Life Underwriting (CALU) is Canada’s professional association for leaders in the life insurance and financial advisory industry. Details on what we do are available here. CALU is not a regulatory, licensing, or accrediting body. MembershipHow do I become a member? Visit Join Now at calu.com to review
- [Board of Directors](https://calu.com/board-of-directors/) - Meet our Board of DirectorsOur Board of Directors contribute their knowledge, experience and influence to advocate for the financial wellness of individuals, families and business owners across Canada. Through their dedication and service, we provide a collaborative community to our members – helping them connect, stay informed and turn ideas into action. OfficersChair Laura KlaehnCFP,
- [CALU information](https://calu.com/calu-information/) - Fact Sheet Download our Fact Sheet (PDF) to learn more about CALU and our industry. DownloadMembership Flyer Download our Membership flyer (PDF) which highlights the benefits of being a CALU member! DownloadPublic Policy Priorities Download our Public Policy Priorities (PDF), highlighting our priorities and our recommendations to the federal government for legislative change . Download
- [The CALU team](https://calu.com/the-calu-team/) - Meet the teamPresident & CEO Guy Legault MBA, FCPA, FCGA, CAE glegault at calu.com 613-505-9632 ext. 101 Vice-President, Public Affairs and Member Engagement Francesca Iacurto fiacurto at calu.com 613-505-9632 ext. 102 Manager, Membership & Events Alison Kennedy akennedy at calu.com 613-505-9632 ext. 107 Coordinator, Membership & Events Celeste Luery cluery at calu.com 613-505-9632
- [Upcoming events](https://calu.com/upcoming-events/) - CALU provides members with a collaborative environment that promotes shared learning, professional development, engagement and advocacy. Our national conference, webinars and other events provide members with access to timely insights from industry partners, technical experts and thought leaders from across Canada. 2026 Advanced Education SymposiumOctober 27, 2026 (Toronto, ON and virtual)“Save the date” for CALU’s
- [Founding and Charter Members](https://calu.com/founding-and-charter-members/) - Founding and Charter Members created CALU in 1991 to strengthen the voice and effectiveness of up to 450 members engaged in the practice of advanced life underwriting in dealings with the federal government. Their foresight and commitment to the profession, industry and serving Canadians created a successful foundation on which we continue to build and
- [CALU Connect](https://calu.com/calu-connect/) - CALU Connect is a complimentary microlearning webinar series for CALU members that intends to cover specific advanced planning topics through a live 15 minute presentation and 15 minute Q&A and an on demand video of each event.(Note: These sessions are not eligible for Continuing Education credits). Thursday, June 18, 2026: 12:00 – 12:30 PM ET
- [Continuing Education (CE)](https://calu.com/continuing-education-ce/) - Continuing Education (CE) accreditation at CALUCALU supports the professional development and licensing requirements of its members by offering Continuing Education (CE) certificates in the life insurance industry on behalf of nine jurisdictions and agencies across Canada. The jurisdictions include: Alberta Insurance Council Chambre de la sécurité financière (CSF) Financial Services Regulatory Authority of Ontario (FSRA)
- [Other CALU Publications](https://calu.com/other-calu-publications/) - Advisor Checklist for leveraged life insurance arrangements The Conference for Advanced Life Underwriting (CALU) has developed ...Celeste Luery2026-03-12T13:38:26-04:00March 12, 2026|
- [Join now](https://calu.com/join-now/) - Become a memberMembership FlyerMember benefitsTogether we are at the forefront of innovative advanced planning solutions. When you join CALU, you become part of a national community of industry leaders dedicated to strengthening the financial well-being of Canadians. Through an environment that promotes shared learning, professional development, engagement, and advocacy, CALU members gain exclusive access to
- [About CALU](https://calu.com/about-us/) - About CALU
- [Public policy priorities](https://calu.com/advocacy/) - Advocating for the financial security of Canadians CALU engages in public policy advocacy for the benefit of individual Canadians and the small business community. Our approach is nonpartisan, collaborative and informed by sound analysis and technical expertise. CALU is committed to strong relationships with federal public policy makers and is proud to be a trusted
- [Partners and collaborators](https://calu.com/partners-and-collaborators/) - Building a better future, togetherWe work with a number of key organizations to help support and advance our advocacy efforts. Through key collaborations, we strive to grow and preserve the financial well-being of Canadians and family businesses. Our featured strategic partnerCALU’s strategic partnership with Advocis continues to be a cornerstone of our ability to serve
- [Privacy policy](https://calu.com/privacy-policy/) - CALU Privacy policy The Conference for Advanced Life Underwriting (CALU) is committed to respecting the privacy of individuals and protecting the personal information of those who engage with us. CALU’s Privacy Policy explains why we collect personal information about individuals and how the information is used, shared and protected. What is personal information? Personal information
- [Cookies](https://calu.com/cookies/) - What Are Cookies? Cookies are small text files stored on your device (computer, tablet, smartphone) when you visit our website. They allow us to remember your preferences, improve your experience, and gather information about how you interact with our site. Types of Cookies We Use We use the following types of cookies on our
- [2025 Advanced Education Symposium](https://calu.com/2025-advanced-education-symposium/) - register here for on-demandProgramSpeakersPricingCE creditsRegistration PolicyProgram 9:30 am - 10:45 am: Using Life Insurance Shares in the Real World Speaker: Daren Baxter, Partner, McInnes Cooper Speaker: Patrick Uzan, BA (Econ.), CPA, CA, TEP, CLU, Vice-President Planning Services, PPI Advisory Moderator: Tony Salgado, CPA, CA, CFP, CLU, President, AMS Wealth Inc. This session will review when,
- [Conference & AGM Sponsorship](https://calu.com/conference-agm-sponsorship/) - 2026 Conference & AGM SponsorshipJoin our Annual Conference & AGM at the Westin Ottawa to hear from some of Canada’s leading industry, business and political experts. The event, now in its 33rd year, attracts hundreds of leaders in the life insurance and financial advisory industry from across Canada. For the past two years, our event
- [CALU 2025 Advanced Education Symposium registration policy](https://calu.com/calu-2025-advanced-education-symposium-registration-policy/) - CALU 2025 Advanced Education Symposium registration policy Updated September 2025 1. Registration entitles participants to attend the entire event, as well as obtain participant materials, CE certificates (subject to approval), meals (in person registrants only) and access to on demand videos for a limited period. Registration does not include accommodations, non-program related meals, travel or
- [CALU virtual event registration policy](https://calu.com/calu-virtual-event-registration-policy/) - CALU virtual event registration policy Updated August 2025 Event registration entitles participants to access the live event, and on-demand for a limited time following the event. If applicable, CALU will make all reasonable efforts to secure Continuing Education (CE) course approval for the event from the following bodies: Institute for Advanced Financial Education (Advocis), Insurance
- [From government and Parliament](https://calu.com/from-government-and-parliament/) - 2025 federal election platform trackerCeleste Luery2025-04-23T15:13:33-04:00April 23, 2025| A summary of commitments by four major political parties ... Highlights from 2024 Fall Economic StatementCeleste Luery2024-12-18T11:10:39-05:00December 16, 2024| Read CALU’s summary of the 2024 Fall Economic Statement, ... CALU Reacts to Budget 2024Alison Kennedy2024-04-16T19:04:26-04:00April 16, 2024| CALU’s reaction to Budget 2024 including highlights of the ...
- [Publications en français](https://calu.com/publications-en-francais/) - Rapport spécial de CALU : Réponses de la table ronde ARC-Finances 2022Alison Kennedy2023-07-31T16:00:59-04:00June 28, 2022|Télécharger le rapport Rapport de CALU – Actions d’assurance vie – Un aperçuAlison Kennedy2023-07-31T15:54:30-04:00August 5, 2021|Télécharger le rapport Rapport de CALU – Don d’actions de sociétés privéesAlison Kennedy2023-07-31T15:34:23-04:00March 25, 2021|Télécharger le rapport Rapport de CALU – Convention de copropriété partie 2Alison
- [CRA Roundtables](https://calu.com/cra-roundtables/) - CALU Special Report: 2026 CRA-Finance RoundtableCeleste Luery2026-06-18T11:07:19-04:00June 18, 2026| Following from the Canada Revenue Agency (CRA) and Finance ... CALU Special Report: 2025 CLHIA – CRA RoundtableCeleste Luery2025-12-02T14:50:40-05:00December 1, 2025| This publication provides the full text of questions from ... CALU Report: 2024 CRA-Finance roundtable (revised)Alison Kennedy2024-09-17T15:23:23-04:00July 8, 2024| This revised CALU Special Report provides
- [INFOexchange](https://calu.com/infoexchange/) - INFOexchange 2026 vol. 2 is now available!Celeste Luery2026-07-08T15:45:20-04:00July 8, 2026| In our second INFOexchange of 2026, you’ll read: ✔️ First ... INFOexchange 2026 vol. 1 is now available!Alison Kennedy2026-04-15T15:27:14-04:00April 15, 2026| In our first INFOexchange of 2026, you’ll read: ✔️ ... INFOexchange 2025 vol. 4 is now available!Celeste Luery2025-12-12T14:59:18-05:00December 12, 2025| In this year’s final edition
- [CALU Special Reports](https://calu.com/calu-special-reports/) - CALU Special Report: 2026 CRA-Finance RoundtableCeleste Luery2026-06-18T11:07:19-04:00June 18, 2026| Following from the Canada Revenue Agency (CRA) and Finance ... CALU Special Report: Federal Budget 2025Celeste Luery2025-11-04T18:51:26-05:00November 4, 2025| This CALU Special Report discusses measures of greatest interest to ... CALU Special Report: Update on Life Insurance in Life Insurance TrustsAlison Kennedy2024-08-27T15:48:00-04:00August 27, 2024|This CALU Special Report
- [CALU Reports](https://calu.com/calu-reports/) - Measuring the Benefits of an Estate FreezeCeleste Luery2026-04-02T11:18:15-04:00April 2, 2026| This CALU Report by Jens Watson uses a case ... Dealing with Private Company Shares at Death; Post-mortem and Insurance Planning (Part I – revised)Celeste Luery2025-07-15T16:25:08-04:00July 15, 2025| This publication updates a CALU Report published in March ... Dealing with Private Company Shares at Death;
- [CALU Tax Bytes](https://calu.com/calu-tax-bytes/) - Akhavan v. The King: Taxation of return of premium benefitsCeleste Luery2026-08-13T09:26:30-04:00August 13, 2026| This short publication discusses the tax treatment of a ... Look out for third-party civil penaltiesCeleste Luery2026-06-11T11:42:43-04:00June 11, 2026| This publication examines a revised circular from the Canada ... Calmusky revisitedCeleste Luery2026-05-20T14:27:45-04:00May 20, 2026| This Tax Byte discusses a recent Ontario Supreme
- [CALU Practice Notes](https://calu.com/calu-practice-note/) - CALU Practice Note: Bare trusts and life insuranceCeleste Luery2026-07-22T11:34:48-04:00July 22, 2026| Bare trusts have long been used for personal and ... CALU Practice Note: Individually owned joint life insurance policies – Tax treatment and best practicesCeleste Luery2026-02-25T14:24:02-05:00February 25, 2026| This Practice Note provides guidance to CALU members on ... CALU Practice Note: Taxable benefit rules
- [Join now - old (2025)](https://calu.com/join-now-old-2025/) - Become a memberMembership Flyerjoin nowTogether we are at the forefront of innovative advanced planning solutions. When you join CALU, you become part of a national community of industry leaders dedicated to strengthening the financial well-being of Canadians. Through an environment that promotes shared learning, professional development, engagement, and advocacy, CALU members gain exclusive access to
- [Program](https://calu.com/conference/program/) - Preliminary ProgramCALU is excited to unveil the preliminary program for the 2025 Conference & AGM! This year’s event promises an exceptional lineup of plenary speakers and dynamic breakout sessions over four days. *Subject to change. Featured Speakers Christy Clark: 35th Premier of British Columbia Laurent Duvernay-Tardif: Super Bowl Champion and Medical Resident Linda Nazareth: Renowned
- [Travel & Hotel](https://calu.com/conference/travel-hotel/) - Travel & HotelsHotelsCALU is pleased to offer a special rate for attendees of the 2025 Conference & AGM with the Fairmont Chateau Laurier and The Westin Ottawa. The Westin Ottawa 11 Colonel By Dr, Ottawa, ON K1N 9J1 Room rate: $273.00 / night The special rate is available up to April 11, 2025, or until
- [2024 Advanced Education Symposium](https://calu.com/2024-advanced-education-symposium/) - ProgramSpeakersPricingCE creditsOn-Demand RegistrationRegistration PolicyProgram 8:45 am - 10: 15 am: Tax and Estate Update - 2024 Speaker: Kevin Wark, LL.B., CLU, TEP, Tax Advisor, CALU Speaker: Angela Ross, LL.B., TEP, Principal, Tax Services, PwC Moderator: Jos Herman, CPA, CA, CFP, CLU, TEP, Wealth, Tax & Estate Advisor, Resources & Solutions Professional Corporation Join us for
- [CALU 2024 Advanced Education Symposium registration policy](https://calu.com/calu-2024-advanced-education-symposium-registration-policy/) - CALU 2024 Advanced Education Symposium registration policy Updated September 2024 Registration entitles participants to attend the entire event, as well as obtain participant materials, CE certificates (subject to approval), meals (in person registrants only) and access to on demand videos for a limited period. Registration does not include accommodations, non-program related meals, travel or any
- [Speakers](https://calu.com/conference/speakers-2/) - 2025 Conference & AGM SpeakersMore information coming soon.
- [Contact us](https://calu.com/contact-us/) - Get in touch today!If you have any questions please don’t hesitate to reach out. We’re here to help. Please send general inquiries to: 600 – 170 Laurier Ave West, Ottawa, ON K1P 5V5 calu at calu.com 613-505-9632 ext. 0 Become a CALU member!When you join CALU, you become part of a national community of industry
- [Speaker - David McWilliams](https://calu.com/conference/speaker-david-mcwilliams/) - 2024 Conference & AGM SpeakersDavid McWilliamsEconomist, Broadcaster, Bestselling AuthorDavid McWilliams is ranked among most influential economists in the world. Consistently accurate in his forecasts, he was the only economist in Ireland who accurately forecast a strong UK Brexit vote, the Trump victory, and the 2008 global crash. With the objective to make economics easily digestible
- [Session - Address from NDP](https://calu.com/conference/session-address-from-ndp/) - 2024 Conference & AGM SessionTuesday, May 7 @ 9:00 am – 9:20 am ETAddress from NDPHear from MP Peter Julian, the NDP’s House Leader, Health Critic and Deputy Finance Critic on important priorities for Canadians, including the new national dental plan, the universal pharmacare program, the national long term care program and other issues of
- [Issues and submissions](https://calu.com/issues-and-submissions/) - Advocacy in actionCALU envisions a Canada where people in all communities have financial security. Our advocacy efforts leverage the financial expertise of our members and share that knowledge openly with government in support of informed public policy. Here are some examples of our advocacy in action. CALU 2026 pre-budget submission to Standing Committee on FinanceCeleste
- [CALU event registration policy](https://calu.com/conference/calu-event-registration-policy/) - CALU 2024 Conference & AGM event registration policy Updated January 2024 Full event registration (Sunday May 5 to Wednesday May 8) entitles participants to attend all main platform and workshop sessions at the event, as well as participant materials, CE certificates (subject to approval), and all meals and receptions listed in the program. Registration for
- [Formulaire de contact APFF](https://calu.com/formulaire-de-contact-apff/) - Formulaire de contact APFFCe formulaire est à remplir uniquement par les membres de l’APFF conformément à notre accord. En tant que membre de l’APFF, vous aurez accès à certains de nos rapports CALU. Please enable JavaScript in your browser to complete this form.Nom *FirstLast Titre de poste *Organisation *Courriel *En soumettant ce formulaire, vous consentez
- [CE credits](https://calu.com/conference/ce-credits/) - FALL CONFERENCE CE creditsContinuing Education CALU will make all reasonable efforts to secure Continuing Education (CE) course approval for the event from the following jurisdictions for the following quantities for credits (T = Tentative, C = Confirmed): COMING SOON Please note that CALU cannot guarantee CE course approval, nor the quantity of CE credits to
- [Resources & updates](https://calu.com/resources-updates/) - Keep on top of member updates and important issues, trends and regulatory changes that impact your clients and your business. Akhavan v. The King: Taxation of return of premium benefitsCeleste Luery2026-08-13T09:26:30-04:00August 13, 2026|Publications and reports, Tax Bytes| This short publication discusses the tax treatment of a return of premium (ROP) benefit from the maturity of
- [Resources & updates](https://calu.com/resources-updates-old/) - Stay informed with the latest news and resources from CALUKeep on top of member updates and important issues, trends and regulatory changes that impact your clients and your business. Filter by category or search for topics use the website search function to find CALU Reports, CALU Special Reports, INFOexchange and more! Some publications are available

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