Kevin Wark

Kevin Wark , LLB, CLU, TEP, is managing partner, Integrated Estate Solutions, and tax consultant, Conference for Advanced Life Underwriting. He’s also the author of The Essential Canadian Guide to Estate Planning.

Life

AMT and life insurance planning

Understand the alternative minimum tax’s impact

By Kevin Wark |October 18, 2023

1 min read

Life

Corporate-owned life insurance as a charitable gift

Avoid bloopers when designating a charity as policy beneficiary

By Kevin Wark |June 2, 2023

1 min read

Life

Understanding rebating rules for insurance

Advisors in breach of provincial regulations could face sanctions

By Kevin Wark |June 26, 2020

1 min read

Advisor's Edge

How the CRA takes the life out of life interest trusts

If your business-owner client uses these trusts, special planning is required

By Kevin Wark |October 25, 2019

1 min read

Life

Immediate leveraged insurance: Tips and traps

Watch out for these issues

By Kevin Wark |September 12, 2018

1 min read

Estate Planning

Why clients should play it straight with the collateral insurance deduction

A recent Tax Court case debunked a common misconception

By Kevin Wark |June 28, 2018

1 min read

Life

Quirks and foibles with insurance policy loans

Tax consequences associated with policy loan transactions

By Kevin Wark |May 11, 2018

1 min read

Life

Accessing insurance policy value through a policy loan

An expert offers the details, including tax consequences

By Kevin Wark |March 19, 2018

1 min read

Life

Deducting the cost of life insurance

Part five of a series on tax and insurance

By Kevin Wark |January 24, 2018

1 min read

Life

How net cost of pure insurance affects policies

Adjusted cost base, collateral insurance deduction affected

By Kevin Wark |December 20, 2017

1 min read

Life

How to determine an insurance policy’s ACB

Several transactions either increase or decrease adjusted cost basis

By Kevin Wark |November 15, 2017

1 min read

Estate Planning

How life insurance dispositions are taxed

Tax reporting requirements for various dispositions

By Kevin Wark |October 13, 2017

1 min read

Life

How life insurance is taxed

Get primed on how insurance can add value to your clients' estates

By Kevin Wark |September 21, 2017

1 min read

Life

Insurance opportunities for the HNW client

Three scenarios that show how insurance can meet the goals of HNW individuals

By Kevin Wark |September 15, 2009

1 min read

Life

Insurance Review

The Canada Revenue Agency (CRA) announced last year that it would be reviewing leveraged insurance arrangements, commonly referred to as “10/8 programs.” This review is supposed to be part of a broader audit project relating to insurance company policyholder tax compliance. Insurance leverage programs typically comprise the following characteristics: 1. An individual or corporation acquires […]

By Kevin Wark |April 29, 2009

1 min read

Life

CRA review of 10/8 insurance programs

Much has been written about the Canada Revenue Agency’s plans to review leveraged insurance arrangements, also known as 10/8 programs. These programs typically have the following characteristics: Why would a policyholder enter into this type of loan arrangement? The answer lies in the fact that if the money is borrowed to earn business or investment […]

By Kevin Wark |February 23, 2009

1 min read