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Understanding Universal Life Insurance (UL)
Demystifying Universal Life (UL) insurance: How to integrate a guaranteed life insurance contract with a tax-exempt depository to create a powerful, self-funding asset-location tool.
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Is My Life Insurance Plan a Tax Shelter? (And if So … So What?)
Is your IFA compliant? Read why the CRA’s strict tax shelter definition can retroactively deny your NCPI and interest deductions, and what you can do before an audit.
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Corporate Life Insurance and Post-Mortem Pipelines: Optimizing the Sequence
The Interaction Between Corporate Life Insurance and Post-Mortem Pipelines: Sequence Matters Post-mortem tax planning for Canadian business owners focuses heavily on mitigating double taxation. When a business owner passes away, their estate pays tax on the deemed disposition of their shares. Without proper planning, extracting the underlying corporate assets later can trigger a second layer…
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Holdco Investing: Unlocking the S&P 500 Without the Tax Drag
Why Warren Buffett’s Best Advice Can Be Inefficient for Canadian Holdcos (And How to Optimize It) In 2007, Warren Buffett made a highly publicized $1 million wager against the active wealth management industry. He bet that a basic, low-cost S&P 500 index fund would outperform a hand-picked portfolio of elite hedge funds over a decade.…
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Tax Considerations for Corporate Life Insurance & Estate Planning
Most corporate life insurance is sold on one headline: “tax-free death benefit.” For private corporation shareholders, that is only step one. The real outcome is net-to-estate—what the estate can actually receive after CDA limits, share-valuation tax, and post-mortem sequencing effects are accounted for. Below are three friction points that warrant serious consideration, as they can…
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Armstrong Financial Services 