Subsection 217(2)
Administrative Policy
18 September 2025 CLHIA Roundtable Q. 6, 2025-1067961C6 - Transfer of a life insurance policy
After indicating that on a life insurance policy’s gratuitous transfer by a corporation to a shareholder/executive, the policy’s ACB to that...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 148 - Subsection 148(9) - Adjusted Cost Basis - Element C | on a life insurance policy’s gratuitous transfer to a shareholder/executive, the policy’s ACB to that individual is increased by the excess of the policy’s FMV over the deemed s. 148(7) proceeds | 257 |
| Tax Topics - Income Tax Act - Section 148 - Subsection 148(7) | 2 examples of application of s. 148(7) where shareholder or employee benefit | 289 |