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Understanding Changes to Life Insurance Contracts with Cash Surrender Value

What Are Life Insurance Contracts with Cash Surrender Value? Life insurance contracts with cash surrender value (CSV) are policies that provide both a death benefit and a built-up savings component. The cash surrender value (CSV) is the amount the policyholder can withdraw if they choose to cancel the policy before it matures or before the…


4 min read

Clearline CPA Sponsors the 2024 ICBA Innovation Summit

On October 3 and 4, 2024, Clearline CPA proudly sponsored the ICBA Innovation Summit at the JW Marriott Parq Hotel in Vancouver, BC. Hosted by the Independent Contractors and Businesses Association (ICBA), this event brought together industry leaders and innovators to explore the latest trends and technologies transforming the construction and business sectors. As a…


1 min read

Clearline CPA Hosts 2024 Management Team Event on Cruise

Clearline CPA recently held its 2024 Management Team Event aboard a scenic cruise from Vancouver, BC to San Francisco, CA. From September 26 through September 30, the firm’s leadership team gathered for a series of strategic planning sessions, team-building activities, and relaxation as they sailed down the Pacific coast. Why This Event Matters The annual…


2 min read

2024 Capital Gains Changes

In our previous Federal Budget newsletter, we mentioned several proposed changes to capital gains taxation.   Capital Gains Inclusion Rate As previously mentioned, the 2024 Federal Budget proposes increasing the current capital gains inclusion rate for certain taxpayers effective June 25, 2024. The proposed legislation to implement this change was released on June 10th. Based on…


4 min read

Overview of Provincial and Federal New and Enhanced Tax Measures

This article provides a high-level overview of several new and enhanced tax measures introduced by the BC and Federal governments. Each of the measures discussed below is intended by the government to address challenges in the real estate sector, including housing affordability, supply, and investor speculation.  Federal Measures:  Underused Housing Tax (“UHT”) The UHT legislation…


12 min read

The Canadian Pension Plan Enhancement

The Canadian Pension Plan (CPP) is a mandatory pension plan funded by contributions from employees, employers, and self-employed individuals. It covers almost all workers in Canada except those in Quebec, which has its own Quebec Pension Plan (QPP). The CPP provides basic earnings replacement for contributors in cases of retirement, disability, or death.  In January…


3 min read