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| October 2016 |
| Ownership structures for life insurance policy-funded buy/sell agreements |
| Ross Cammalleri, CPA, CA, is a partner at the Vaughan office of Collins Barrow. |
| In our July 2016 Tax Alert we noted that new income tax legislation will impact the taxation of life insurance policies. Most notably, it will be advantageous, for estate planning purposes, to purchase life insurance before the end of 2016 to maximize the tax benefits associated with current life insurance rules. |
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| Collins Barrow periodically publishes Tax Alert for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene acrossCanada. While Tax Alert suggests general planning ideas, we recommend professional advice always be sought before taking specific planning steps. |
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