How Business Owners Can Continue To Shelter Income In Face Of New Prohibitive Tax Law

In the January 2016 Canadian MoneySaver edition I wrote an article called An Easy Way to Save Money on a Prescribed Annuity . I discussed the new tax legislation Bill C-43 and how it would increase the tax paid on non-registered prescribed annuities starting January 1, 2017. Bill C-43 is not limited to annuities. This new Bill will also reduce the amount of tax sheltering available to business owners who are looking to add a tax-exempt, corporate life insurance policy to their business...