Canadian Insurance Taxation (Third Edition)

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The complexities of Canadian income tax law are compounded for insurers by the distinct nature of their industry. Those involved in financial planning and taxation of insurance companies must understand the unique tax rules that the industry faces.

Canadian Insurance Taxation covers the full range of taxation issues facing insurance companies and policyholders. The 454-page hardcover will help readers consider the tax implications of business decisions in the insurance industry and provides a foundation for those who want to understand the intricacies of the area.

This publication also explains how to compute taxable income, losses and reserves using a "two-track" structure to provide ready access to the rules as they apply to both life and non-life insurers. More than 80 flowcharts and tables clarify the operation of various rules.

New in the third edition

The third edition includes valuable additions and improvements, such as:

  • Critical updates to the taxation of investments and the computation of reserves necessitated by the adoption of fair value accounting for financial instruments
  • Substantially rewritten material on sales and excise taxes that includes proposed changes to the Goods and Services Tax/Harmonized Sales Tax legislation on the operation of allocation methods and imported taxable supplies
  • A new chapter with an overview of Canada's transfer pricing environment, providing insight into transfer pricing methodologies available to insurers

Information in this edition is based on federal and provincial tax legislation, including draft legislation, as of March 12, 2009.

Order your copy of Canadian Insurance Taxation, ISBN: 978-0-433-46220-0, online, or contact:

LexisNexis Canada Inc.
Phone: 800 668 6481 (Toronto 905 479 2665)
Fax: 1 800 461 3275 (Toronto 905 479 2826)

Price: CAD $145 + GST