This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
Moderator: Mark T Serbinski CA CPA
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I am US citizen and am currently working in Vancouver. I have been living in Vancouver since last December and planning to stay in Canada for several years at least. I bought a whole life insurance back in 2015 from a US insurance company and would like to keep it if possible. I am trying to figure out whether the policy is an 'exempt' policy. I understand I can ask the company to do an evaluation. However, I would like to educate myself on this topic. Any advice is much appreciated.