Subsection 12.2(1) - Amount to be included
Administrative Policy
27 January 2025 Internal T.I. 2024-1025011I7 - Foreign Mortgage Insurance Plan
While a resident of the Netherlands, the taxpayer acquired (in 1994) a policy to secure a mortgage on a house. The policy included a life...
IT-87R2 "Policyholders' Income from Life Insurance Policies".
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 138 - Subsection 138(12) - Life Insurance Policy | 0 | |
| Tax Topics - Income Tax Regulations - Regulation 307 | 0 |
Articles
Strain, "Life Insurance: An Innovative Financial Instrument", 1993 Conference Report, pp. 35:9-10.
Paragraph 12.2(1)(a)
Administrative Policy
14 May 2019 CLHIA Roundtable Q. 6, 2019-0799101C6 - CLHIA 2019 Conference-Q6 Foreign Exempt Policies
Annual income accrual is required on life insurance policies that are not exempt policies. It is unlikely that testing for compliance with Reg....
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Regulations - Regulation 306 - Subsection 306(1) | no accommodation for the technical impossibility of demonstrating that a life insurance policy issued abroad is exempt | 200 |
Subsection 12.2(3)
Administrative Policy
24 October 2002 External T.I. 2002-0160715 F - ASSURANCE-VIE IMPOSITION AUX TROIS ANS
Whether the beneficiary of a life insurance policy, acquired after December 1, 1982 with the payment of a single premium, constituted an exempt...