Administrative Policy
IT-87R2 "Policyholders' Income from Life Insurance Policies".
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 12.2 - Subsection 12.2(1) | 0 | |
| Tax Topics - Income Tax Act - Section 138 - Subsection 138(12) - Life Insurance Policy | 0 |
Subsection 307(1)
Articles
Kevin Wark, Michael O'Connor, "The Next Phase of Life Insurance Policyholder Taxation is Nigh", Canadian Tax Journal (2016) 64:4, 705 - 50
Overview/purpose of accumulating fund (p. 709)
The accumulating fund is intended to represent the savings element in the policy and has...
Paragraph 307(1)(b)
Administrative Policy
19 September 2006 External T.I. 2006-0170861E5 F - Contrat de rente différé et perte courue
In the course of a general response to a question as to which insufficient facts were provided, CRA provided an overview of Reg. 307(1)(b):
Under...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 148 - Subsection 148(9) - Adjusted Cost Basis | ACB does not reflect the income for the anniversary year if disposition of interest occurs immediately after the anniversary day | 160 |
Articles
Alan MacNaughton, "New Income Tax Rules for Holders of Life Insurance Policies and Annuities", 1983 Canadian Tax Journal, No. 6
Comparison to MTAR
The accumulating fund can differ from the "maximum tax actuarial reserve" permitted to the issuing life insurance company under...