To inherit, an individual must be alive at the death of his or her benefactor, or in utero and later born alive. This was historically quite an inclusive rule; however, reproductive technologies now make it possible for a child to...
Introduction On November 16, 2015, the Department of Finance issued a letter (the “Letter”) to representative leadership organizations forming part of the Canadian tax and private client services industry in response to their earlier submissions regarding changes to the taxation...
In a recent Interpretation (CRA Views No. 2015-0573841C6) (the “Interpretation”), the Canada Revenue Agency (“CRA”) discussed its position on a distribution of an interest in a life insurance policy from a corporation to a shareholder upon the corporation’s wind-up. The...
