corporate-owned life insurance

CLU Comment: Can a Corporate-Owned Life Insurance Policy be Paid as a Dividend-In-Kind?

by Davlyn Financial | Jun 14, 2023 | Blog, CLU Comment, life insurance

There may be times when there is a need to transfer a life insurance policy from a corporation to an individual shareholder or from one corporation to another. At a recent Canada Life and Health Insurance Association meeting, the Canada Revenue Agency (CRA) was asked...

CLU Comment: Can a Corporate-Owned Life Insurance Policy be Paid as a Dividend-In-Kind?

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