Canada’s key financial advisors can now turn to a single reference tool for comprehensive information on how taxation of life insurance can affect their personal and business financial planning.

The 500-page softcover book, “Canadian Taxation of Life Insurance”, is published by Toronto-based Carswell, and is available through Carswell’s Web site at www.carswell.com

“The use of life insurance for personal, business and estate planning is a complex area that’s experiencing unprecedented attention and growth,” said Florence Marino, assistant vice president of Manulife’s Tax and Estate Planning Group, and co-editor of the book.

“We became aware that there was a real need for a single reference guide on how life insurance policies and annuities are taxed and the tax implications of their use in various planning contexts — so we set out to pull it together,” added co-editor Joel Cuperfain, a Tax and Estate Planning Consultant in Manulife’s Toronto regional office.”

Manulife has 18 specialists — primarily lawyers and accountants — in the Tax and Estate Planning Group, based in various locations in Canada. The group’s mandate is to assist advisors to develop insurance solutions for their clients seeking tax-advantaged wealth accumulation.

“Client and professional advisors play an important role in helping Canadians make better financial decisions and this reference book is designed to help them to know the implications of their coverage and annuity investments,” added Cuperfain.