buy-top-visitors-canada-insurance.gif Online Insurance
1 (604) 875-8878
Visitors To Canada & Super Visa Medical Insurance
Health & Dental Plans








pixel pixel pixel
Taxes On Insurance Paycheque In Canada
Printable Version   Printable Version
ABC of Insurance Taxation in Canada

The Canadian taxation on insurance is not simple issue. The different kinds of insurance taxable with different rules.

List of Insurance Companies here

Canadian Taxes
Life Insurance, Critical Illness, Disability Insurance, Travel Insurance

Life Insurance in the most cases is not taxable because insured pay life insurance premiums from the after tax money. In case when a corporation pays insurance premium for a key person or other lives and write it out as expenses, the payout lump sum may be taxable. The more complicated case is when taxpayer borrowing money for the business or for the investing and lender demands for life insurance. In such cases life insurance component of the plan will be tax-deductible. We recommend to ask your tax advisor in complicated cases.
The payout for Critical Illness Protection in most cases is not taxable.
The travel insurance just covers taxpayer's medical expanses that are done already or just coming. This is not taxable because it was bought on after tax money.

Articles About Canadian Taxes and Personal Insurance
To read more visit also: Tax Reduction in Canada For Individuals and Families
A Series Of Tax Reductions by Finance Minister Ralph Goodale
Another way to Reduce your Taxes! about the RRSP Conserver
CRA Issues Electronic Tool for Small Businesses For Individuals and Families
New Tax Regulations on Income Trusts For Individuals and Families
Property Tax Reductions For B.C. Homeowners For Individuals and Families


Are You Self-Employed ? Buy Benefits And Reduce Taxes


Buy Health Medical and(or) Dental Plan On-Line For Individuals and Families

pixel pixel pixel





Canada Affordable Travel Insurance : Immigrants And Visitors To Canada Medical Insurance(Russian) : Immigrants And Visitors To Canada Health Insurance(Spanish) :Buy Travel To Canada Insurance Online :How To Save Money When Buying Life Insurance


Health Life Insurance - Critical Illness Medical Insurance - Disability Insurance Canada - Long Term Care Insurance - Canadian Travel Insurance - Health and Dental Insurance - Visitors to Canada Emergency Medical Insurance

Arbetov Insurance and Wealth Management Inc.
640 West Broadway Vancouver, BC V5Z 1G4
Phone: 604-875-8878 email: arbetov.office@gmail.com
Copyright © 2005-2012, Arbetov Insurance. All rights reserved.