Canadian income tax laws are extremely complex. For insurers, this complexity is compounded by the distinct nature of the insurance industry. Those involved in financial planning and taxation of insurance companies need to understand the unique tax rules that the industry faces.
This book will help insurers identify potential tax problems, make better business decisions and be more effective when discussing these matters with professional advisors. In turn, this will enable insurers to better manage their liabilities for income tax and other federal and provincial taxes (e.g., capital, premium and sales taxes) and, consequently, to reduce their costs.
Canadian Insurance Taxation covers the full range of taxation issues peculiar to insurance companies and policyholders, and provides a foundation for readers who want to understand the intricacies of the area. It will put readers in a position to consider the tax implications of business decisions in the insurance industry.
Information in this publication is based on federal and provincial tax legislation, including draft legislation, as of September 1, 2000.
New in the Second Edition
The second edition of Canadian Insurance Taxation expands upon the original with two new chapters. The most extensive changes are as follows:
- In Chapter 1, an overview of the regulatory requirements that apply to insurers has been included. In addition, a summary of the different types of taxes for which insurers may be liable, as well as the related compliance requirements, will provide insurers with a valuable checklist and reference tool;
- In Chapters 7 and 21, the description of the Canadian Investment Fund has been rewritten to include the draft regulations released to the insurance industry on July 16, 1999 and subsequently formally released in the Canada Gazetteon September 2, 2000;
- A new chapter (31) on reinsurance will familiarize insurers with different types of reinsurance arrangements, enabling them to manage their risks more effectively; and
- Another new chapter (32) discusses the key features of the new rules on one of the most complex issues related to financial statement preparation -- accounting for income taxes.
Order your copy of Canadian Insurance Taxation, ISBN: 0-433-42414-1, online, or contact:
Butterworths Canada Ltd.
Email: info@butterworths.ca
Phone: +1 905 479 BOOK (2665) or toll-free +1 800 668 6481
Fax: +1 905 479 2826 or toll-free +1 800 461 3275
CAD$90.00 + GST
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