Categories: News

U.S. Persons and Canadian Life Insurance

The U.S. tax system imposes income tax on both its residents and its citizens, regardless of where they live in the world – even Canada. This means the thousands of U.S. persons living in Canada need to consider both Canadian and U.S. income tax issues in their overall planning. This article examines three major U.S. tax issues that U.S. persons living in Canada encounter when purchasing life insurance from Canadian insurers, including some planning tips.

To continue reading please click HERE

Lazar Wealth

Share
Published by
Lazar Wealth

Recent Posts

September 2025 market update

Markets gained ground in September, lifted by rate cuts and easing inflation. Canadian and U.S.…

3 weeks ago

August 2025 market update

Investor sentiment improved in August, driven by hopes of rate cuts and extended trade truces.…

2 months ago

July 2025 market update

Trade tensions and cautious monetary policy continue to shape the global economic landscape. The U.S.…

3 months ago

June 2025 market update

Global equity markets rose in June as trade talks between the U.S., China, Canada and…

4 months ago

May 2025 market update

Trade talks, court rulings, and surprise tariff moves turned May into a geopolitical chess match.…

5 months ago

April 2025 market update

April's global markets faced turbulence due to trade and economic uncertainties. Discover how these factors…

6 months ago