Date de parutionMars 2024
Nombre de pages758
Code de produit


Canadian Taxation of Life Insurance, Twelfth Edition

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165,00 $

Canadian Taxation of Life Insurance provides an extensive discussion on the tax treatment of life insurance and estate planning strategies.

For those who practice in the fields of estate planning and business or personal tax, a clear understanding of current rules for taxation of the life insurance policies and annuity contracts is vital. Canadian Taxation of Life Insurance is a unique and comprehensive reference source that provides inestimable assistance to lawyers, accountants, and financial and insurance advisors in evaluating, planning, and maximizing the potential benefits that life insurance products provide.

The authors discuss, in detail, the use of life insurance in business and estate planning, including income tax rules applicable to life insurance policies, from both a current and historical perspective. Extensive coverage is given to various insurance strategies, their tax consequences in corporate, Partnership, and personal contexts, as well as the accounting implications associated with these strategies.

What’s New:

Current to August 4, 2023 the twelfth edition includes:

  • General impacts of International Financial Reporting Standards (IFRS) change beginning in 2023;
  • New content on financial underwriting considerations and guidelines for life insurance risks;
  • CRA technical interpretations regarding policy loan repayments, benefit conferral in the context of life insurance shares and transfers of life insurance policies in certain contexts;
  • Potential impacts on leveraged life insurance of August 4, 2023 draft legislation to strengthen the general anti-avoidance rule, proposed limitations on excessive interest and financing expenses and alternative minimum tax (AMT);
  • Discussion of reportable and notifiable transactions legislative amendments;
  • Legislative proposals on intergenerational transfers of family businesses and employee ownership trusts and the implications on insurance planning;
  • Tax case law concerning beneficiary designations under corporate-owned life insurance;
  • Updates to US Estate and gift tax exemptions to 2023;
  • General impacts of AMT proposals and specifically in respect of charitable donations of life insurance including a segregated fund contract and on dispositions of a segregated fund contact.
  • New content on segregated funds such as a TFSA on death and the interaction of segregated funds and the superficial loss rules.


Florence Marino, B.A., LL.B., TEP, began her career as a tax lawyer at Stikeman Elliott LLP, Toronto. Her experience includes personal and corporate tax, trusts, estate planning and administration, as well as life insurance and critical illness insurance taxation. She joined Manulife in 1989 and, in 1994, she became Assistant Vice President of the Tax & Estate Planning Group. She provides tax, estate and insurance planning support and consultation to advisors regarding complex cases in the affluent and business markets. She is a member of the Canadian Bar Association, the Canadian Tax Foundation, the Waterloo- Wellington Estate Planning Council, the Conference for Advanced Life Underwriting and the Society of Trust and Estate Practitioners. She is a frequent speaker at industry conferences and seminars including the Canadian Tax Foundation, the Conference for Advanced Life Underwriters, STEP and Advocis and has published numerous articles for Federated Press Insurance Planning.

John Natale, B.Comm., LL.B., is the Assistant Vice President of the Tax, Retirement & Estate Planning Services for Manulife. He joined Manulife in 2001, having previously worked for a national accounting firm and a private law firm. He has experience with estate planning and wealth management strategies and a wide variety of general tax matters including trusts and annuities. John is a frequent speaker at industry conferences and seminars, has published articles on estate planning and income strategies, and has appeared as a guest expert on BNNTV. He has a Bachelor of Commerce degree from the University of Toronto and a Bachelor of Law degree from the University of British Columbia. John was called to the Ontario Bar in 1998. He has obtained his CSC certificate and completed the CICA In-Depth Tax Course. John has an Elder Planning Counselor (EPC) and a Certified Financial Planner (CFP) designation and is a member of the Ontario Bar Association and the Canadian Tax Foundation.