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Canadian income tax planning may make it possible to structure the payment of life insurance premiums by a corporation as a tax deductible business expense where the life insurance is required as a condition for the granting of a loan to the corporation by a financial institution. Our Toronto income tax lawyers can assist you in planning to reduce your corporate income.

Disclaimer:

"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

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