Capital Dividend Account – Tompkins Insurance

All Articles Capital Dividend Account Corporate Ownership

January 28, 2026

Another CDA rectification case dismissed

The CDA calculation is a cumulative formula often over many years. Errors are costly and seeking rectification won’t help.

Florence Marino

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All Articles Capital Dividend Account Corporate Ownership

December 17, 2025

2025 CLHIA Roundtable – CDA Anti-avoidance rule considered

A recent CRA roundtable response involved the interaction of the CDA anti-avoidance rule and the rules upon amalgamation where a CDA balance arose from life insurance.

Florence Marino

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All Articles Capital Dividend Account Capital Loss Carry Back Planning Corporate Ownership Post-Mortem Planning

July 16, 2025

Stop-Loss Grandfathering – A hidden gem

Stop-loss grandfathering is a hidden gem – no tax to the deceased or the estate on a redemption of grandfathered shares where there is enough CDA. It’s worth asking about.

Florence Marino

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All Articles Capital Dividend Account Capital Gains Corporate Ownership

June 25, 2025

Intercorporate Dividends, Safe Income and Life Insurance – News and views

Tax-deductible intercorporate dividends are not as simple as they once were. Safe income calculations are important.

Florence Marino

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All Articles Capital Dividend Account Non-Tax & Practical Issues

May 14, 2025

Rectification not available for excessive capital dividend

The use of the remedy of rectification is very limited in the tax context. In this case, involving excessive capital dividends, rectification was not allowed.

Florence Marino

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All Articles Capital Dividend Account Life Insurance Tax

March 26, 2025

Life insurance taxation 101 – A unique tax regime

Life insurance has a unique tax regime. Death benefits are tax-free. Dispositions can result in taxable income.

Florence Marino

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All Articles Capital Dividend Account Capital Gains Capital Loss Carry Back Planning Charitable Gifts Pipeline Post-Mortem Planning

January 8, 2025

Capital gains inclusion rate change – To be or not to be?

Here is our take on the recent political and administrative events that have unfolded to start 2025 focusing on the capital gains inclusion rate change that is not yet law.

Florence Marino

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All Articles Capital Dividend Account Capital Gains Corporate Ownership Life Insurance Tax Non-Tax & Practical Issues Personal Ownership Post-Mortem Planning

December 11, 2024

Joint last-to-die life insurance – Food for thought

When is joint last-to-die life insurance the right fit? And when is it not? Here are some considerations.

Florence Marino

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All Articles Capital Dividend Account Capital Loss Carry Back Planning Post-Mortem Planning

August 28, 2024

Technical amendment expands the time frame for post-mortem capital loss carry-back planning

We welcome the August 12, 2024 technical amendment to subsection 164(6) which extends the time frame for post-mortem capital-loss carry back planning.

Florence Marino

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All Articles Capital Dividend Account Capital Gains Capital Loss Carry Back Planning Corporate Ownership Pipeline Post-Mortem Planning

July 3, 2024

Post-mortem planning – Some updates

For an update on recent post-mortem planning items and a reminder that life insurance can fund tax liabilities arising in respect of owning private company shares on death.

Florence Marino

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Capital Dividend Account16

Another CDA rectification case dismissed

2025 CLHIA Roundtable – CDA Anti-avoidance rule considered

Stop-Loss Grandfathering – A hidden gem

Intercorporate Dividends, Safe Income and Life Insurance – News and views

Rectification not available for excessive capital dividend

Life insurance taxation 101 – A unique tax regime

Capital gains inclusion rate change – To be or not to be?

Joint last-to-die life insurance – Food for thought

Post-mortem planning – Some updates

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