Financial Planning

Golombek underlines important life insurance tax rulings

Interview of Jamie Golombek |

Jamie Golombek, managing director of tax and estate planning at CIBC Private Wealth Management, describes several Canada Revenue Agency rulings related to life insurance sales. One ruling relates to the taxation of commissions on the sale of policies on the life of the advisor or the advisor's spouse. Another ruling relates to holding companies as beneficiaries of life insurance policies. He spoke at the TMX Broadcast Centre in Toronto.