Is Life Insurance Taxable in Canada?
Is life insurance taxable? Life insurance payouts are generally not taxable in Canada if they are paid directly to a named beneficiary.
May 9, 2025
Is life insurance taxable? Life insurance payouts are generally not taxable in Canada if they are paid directly to a named beneficiary.
Strategic Wealth Protection Partners helps families and business owners in Ontario with comprehensive estate planning.
SWPP’s Living Estate Plan service ensures Ontario families have an estate plan or living trust that protects their assets from unnecessary taxes and fees, including probate.
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