{"id":28283,"date":"2025-12-05T03:03:49","date_gmt":"2025-12-05T03:03:49","guid":{"rendered":"https:\/\/3ataxservicespc.ca\/?p=28283"},"modified":"2025-12-05T03:05:00","modified_gmt":"2025-12-05T03:05:00","slug":"warning-the-cra-has-identified-aggressive-tax-schemes-involving-insurance-products","status":"publish","type":"post","link":"https:\/\/3ataxservicespc.ca\/index.php\/2025\/12\/05\/warning-the-cra-has-identified-aggressive-tax-schemes-involving-insurance-products\/","title":{"rendered":"Warning: The CRA has identified aggressive tax schemes involving insurance products"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"28283\" class=\"elementor elementor-28283\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5e2510c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5e2510c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b78973d\" data-id=\"b78973d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4366004 elementor-widget elementor-widget-text-editor\" data-id=\"4366004\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Canada Revenue Agency (CRA) is warning Canadians about certain financial arrangements involving critical illness insurance that may be designed to avoid paying taxes. These arrangements often involve complex transactions, like borrowing money and using it to pay for insurance, which can mislead taxpayers and result in serious tax consequences. The CRA has previously issued warnings about similar schemes including those involving Offshore Disability Insurance Plan and Offshore Leveraged Insured Annuity<\/p><p>These schemes often use limited recourse loans, where the lender can only get their money back from certain assets, usually the insurance policy itself. If the borrower doesn\u2019t pay back the loan, the lender cannot go after other assets beyond the agreed-upon as collateral.<\/p><p>Click <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/news\/newsroom\/tax-tips\/tax-tips-2025\/warning-cra-identified-aggressive-tax-schemes-involving-insurance-products.html?utm_source=mediaroom&amp;utm_medium=eml\">here<\/a> to learn more.<\/p><p><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-5); color: var(--ast-global-color-3);\">Information source from Canada Revenue Agency (CRA)<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a568e33 elementor-widget elementor-widget-button\" data-id=\"a568e33\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/news\/newsroom\/tax-tips\/tax-tips-2025\/warning-cra-identified-aggressive-tax-schemes-involving-insurance-products.html?utm_source=mediaroom&#038;utm_medium=eml\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Canada Revenue Agency (CRA) is warning Canadians about certain financial arrangements involving critical illness insurance that may be designed to avoid paying taxes. These arrangements often involve complex transactions, like borrowing money and using it to pay for insurance, which can mislead taxpayers and result in serious tax consequences. The CRA has previously issued &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"ast-button\" href=\"https:\/\/3ataxservicespc.ca\/index.php\/2025\/12\/05\/warning-the-cra-has-identified-aggressive-tax-schemes-involving-insurance-products\/\"> <span class=\"screen-reader-text\">Warning: The CRA has identified aggressive tax schemes involving insurance products<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":5,"featured_media":28284,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[55,56,8],"tags":[],"class_list":["post-28283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cra-infomation","category-tax-tips","category-whats-new"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-scaled.jpg",2560,1920,false],"thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-150x150.jpg",150,150,true],"medium":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-300x225.jpg",300,225,true],"medium_large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-768x576.jpg",768,576,true],"large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-1024x768.jpg",1024,768,true],"1536x1536":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-1536x1152.jpg",1536,1152,true],"2048x2048":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-2048x1536.jpg",2048,1536,true],"woocommerce_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-300x300.jpg",300,300,true],"woocommerce_single":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-600x450.jpg",600,450,true],"woocommerce_gallery_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-100x100.jpg",100,100,true]},"uagb_author_info":{"display_name":"Tax Admin","author_link":"https:\/\/3ataxservicespc.ca\/index.php\/author\/tax-admin\/"},"uagb_comment_info":0,"uagb_excerpt":"The Canada Revenue Agency (CRA) is warning Canadians about certain financial arrangements involving critical illness insurance that may be designed to avoid paying taxes. These arrangements often involve complex transactions, like borrowing money and using it to pay for insurance, which can mislead taxpayers and result in serious tax consequences. The CRA has previously issued&hellip;","rttpg_featured_image_url":{"full":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-scaled.jpg",2560,1920,false],"landscape":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-scaled.jpg",2560,1920,false],"portraits":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-scaled.jpg",2560,1920,false],"thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-150x150.jpg",150,150,true],"medium":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-300x225.jpg",300,225,true],"large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-1024x768.jpg",1024,768,true],"1536x1536":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-1536x1152.jpg",1536,1152,true],"2048x2048":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-2048x1536.jpg",2048,1536,true],"woocommerce_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-300x300.jpg",300,300,true],"woocommerce_single":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-600x450.jpg",600,450,true],"woocommerce_gallery_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2025\/12\/pexels-photo-7688374-7688374-100x100.jpg",100,100,true]},"rttpg_author":{"display_name":"Tax Admin","author_link":"https:\/\/3ataxservicespc.ca\/index.php\/author\/tax-admin\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/3ataxservicespc.ca\/index.php\/category\/cra-infomation\/\" rel=\"category tag\">CRA Information<\/a> <a href=\"https:\/\/3ataxservicespc.ca\/index.php\/category\/tax-tips\/\" rel=\"category tag\">CRA Tax Tips<\/a> <a href=\"https:\/\/3ataxservicespc.ca\/index.php\/category\/whats-new\/\" rel=\"category tag\">What's new from CRA<\/a>","rttpg_excerpt":"The Canada Revenue Agency (CRA) is warning Canadians about certain financial arrangements involving critical illness insurance that may be designed to avoid paying taxes. These arrangements often involve complex transactions, like borrowing money and using it to pay for insurance, which can mislead taxpayers and result in serious tax consequences. The CRA has previously issued&hellip;","_links":{"self":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/28283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/comments?post=28283"}],"version-history":[{"count":4,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/28283\/revisions"}],"predecessor-version":[{"id":28288,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/28283\/revisions\/28288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/media\/28284"}],"wp:attachment":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/media?parent=28283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/categories?post=28283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/tags?post=28283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}