Taxation of Life Insurance

Date: February 19, 2016 Author: ocsco@ocsco.ca Categories: OCSCO News
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Taxation of Life Insurance
New Rules Offer a Window of Opportunity

Permanent life insurance, such as Whole Life or Universal Life, has long been accepted as a tax efficient way of accumulating cash for future needs.  Soon the amount of funds that can be tax sheltered within a life insurance policy will be reduced by new tax rules which take effect January 1, 2017.  These changes may make 2016 the best year to buy cash value life insurance.For detail click here http://www.wealthmanagementmw.ca/taxation-of-life-insurance-new-rules-offer-a-window-of-opportunity