2023 Series - Episode Five: Transferring Insurance from Corporation to Shareholder
When a corporation transfers a life insurance policy to a shareholder, there are tax consequences depending on many factors, including whether the shareholder is an individual or a corporation, the tax attributes of the policy, and whether the shareholder paid anything for the policy or if it was transferred as a dividend-in-kind.
Join us on May 4th at 11:00 am EDT for a Coffee Talk as Advocis welcomes Nick Fabiano, CPA, CA, TEP, Director, Tax and Estate Planning Group at Canada Life as he simplifies the rules and taxation implications when transferring an insurance policy from a corporation to a shareholder.
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