Is Life Insurance Taxable in Canada? Best Insurance Online Policy Loans

Policy loans remain tax-free when within adjusted cost basis limits, offering flexible funding without significant immediate tax consequences. Techsurance explains how life insurance is taxed in Canada and how this affects borrowing strategies comprehensively. Best Insurance Online warns excessive loans risk policy lapses triggering substantial taxable dispositions unexpectedly.

 

techsurance.ca/is-life-insurance-taxable/

 

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