Top of Mind
Kevin picks timely tax/estate planning issues and
shares his thoughts and views.
Insured Buy-Sell Arrangements and Subsection 55(2)
Structuring life insured buy-sell agreements with the intent of maximizing the tax benefits to both the deceased and surviving shareholders can be “tricky” to say the least. There are a number of competing tax considerations which can arise including: Structuring the agreement to permit the deceased shareholder to [...]
Beware of Corporate-Owned Life Insurance and Shareholder Benefits
Shareholders of private corporations may require life insurance for a variety of personal and/or business reasons, such as creating liquidity to pay estate liabilities, funding a buy-sell agreement or covering the repayment of a business loan. The issue that often arises is whether to own that insurance [...]