Tax Interpretations

Judicial and CRA interpretations of Canadian tax law and transactional implications. Receive News of Note by email free. CRA considers that life insurance policy premiums on a corporate-owned policy reduce safe income on hand if they do not increase the policys CSV. The non-deductible policy premiums that had been paid by Opco would reduce its SIOH except to the extent that their payment increased the policys CSV and thereby increased the accrued gain on the shares of Opco. Under s. 552. CRA cons.

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The site taxinterpretations.com was began on on July 16, 2010. It was last updated on December 11, 2012. It will expire on July 16, 2016. As of today, it is seven hundred and sixty-four weeks, twenty-three days, forty-four minutes, and fifty-eight seconds young.
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Tax Interpretations

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Judicial and CRA interpretations of Canadian tax law and transactional implications. Receive News of Note by email free. CRA considers that life insurance policy premiums on a corporate-owned policy reduce safe income on hand if they do not increase the policys CSV. The non-deductible policy premiums that had been paid by Opco would reduce its SIOH except to the extent that their payment increased the policys CSV and thereby increased the accrued gain on the shares of Opco. Under s. 552. CRA cons.

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The site taxinterpretations.com states the following, "Judicial and CRA interpretations of Canadian tax law and transactional implications." I noticed that the webpage said " Receive News of Note by email free." They also stated " CRA considers that life insurance policy premiums on a corporate-owned policy reduce safe income on hand if they do not increase the policys CSV. The non-deductible policy premiums that had been paid by Opco would reduce its SIOH except to the extent that their payment increased the policys CSV and thereby increased the accrued gain on the shares of Opco."

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