Canadian taxation of US restricted bonus plan

By Guest BobParks
January 20, 2000 in Nonqualified Deferred Compensation

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Guest BobParks

Posted January 20, 2000

We have a restricted bonus plan using VUL on 35 employees of a US company. One covered employee is a Canadian who live and works in Canada. Canada requires annual reporting on investment income from life insurance unless the policy qualifies as "exempt."

Can anyone refer me to an attorney or CPA firm who has experience with this type of situation?

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Canadian taxation of US restricted bonus plan

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