{"id":54573,"date":"2026-08-31T17:12:19","date_gmt":"2026-08-31T21:12:19","guid":{"rendered":"https:\/\/www.millerthomson.com\/?p=54573"},"modified":"2026-08-31T18:51:56","modified_gmt":"2026-08-31T22:51:56","slug":"a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break","status":"publish","type":"post","link":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/","title":{"rendered":"A good policy proposal: For life insurance donations, Ottawa plans to turn a tax trap into a tax break"},"content":{"rendered":"\n<p>On July 23, 2026, the Department of Finance released a set of <a href=\"https:\/\/www.canada.ca\/en\/department-finance\/corporate\/laws-regulations\/draft-legislation\/2026\/07-ita-lir.html\">draft legislative proposals and amendments<\/a> to the <em>Income Tax Act<\/em> (Canada) (the \u201c<strong>Act<\/strong>\u201d) for public comment.&nbsp;<\/p>\n\n\n\n<p>Among the proposed changes, the Government of Canada seeks to exempt spousal transfers of life insurance policies from the deemed fair market value rules under s. 248(35) of the Act.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What are the deemed fair market value rules?<\/h2>\n\n\n\n<p>Ottawa enacted the deemed fair market value rules in 2002 as part of a series of measures introduced to combat tax-shelter gifting arrangements and inflated donation receipts. The rules generally apply to non-cash gifts. Originally intended to counter \u201cart flips,\u201d the rules have found new life almost 20 years later with the advent of highly speculative assets like cryptocurrency, digital collectibles, and even tickets to marquee sporting events and concerts.<\/p>\n\n\n\n<p>Under these rules, if a donor had owned property for less than three years (or for less than 10 years, if one of the main reasons for acquiring the property was to donate it) and gifted the property to charity, the eligible amount of the gift is deemed to be the lesser of the actual fair market value of the property and its cost to the donor.<\/p>\n\n\n\n<p>Subsection 248(37) of the Act exempts gifts of certain property from these rules, including: gifts of real property situated in Canada, gifts of inventory, gifts of publicly traded securities, and gifts arising on death.<\/p>\n\n\n\n<p>Furthermore, s. 248(37)(g) of the Act currently exempts property that a donor has received on a tax-deferred rollover basis in specific non-arm\u2019s length transactions (<em>i.e.<\/em>. spousal rollovers and transfers of farm and fishing property).<\/p>\n\n\n\n<p>However, other types of property that a donor might receive on a rollover basis from a non-arm\u2019s length party continue to be subject to the deemed fair market value rules in s. 248(35). One such type of property is a life insurance policy transferred from the donor\u2019s spouse.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is Ottawa proposing to change?<\/h2>\n\n\n\n<p>The Government of Canada proposes to change this situation by expanding the list of exemptions in the Act. The Government specifically seeks to amend subsection s. 248(37)(g) to add references to ss. 148(8.1) and (8.2), which are the rollover provisions for certain spousal transfers of life insurance policies.<\/p>\n\n\n\n<p>The effect of this change, if enacted, is that life insurance policies received by a spouse through a qualifying spousal rollover will receive the same treatment under the gift valuation rules as property received in other exempted types of rollovers and will not be subject to the three-year or 10-year gift rule.<\/p>\n\n\n\n<p>If Parliament follows through with the amendment, it will be good news for Canadian households where one spouse gives, and the other spouse receives, a life insurance policy that has appreciated in value in a relatively short amount of time and where the transferee spouse intends to donate that policy to charity. This spouse can expect a bigger donation receipt.<\/p>\n\n\n\n<p>The change, if passed, is equally expected to benefit charities, which could see an uptick of donations of policies of life insurance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Will Canadians have a say in the proposed change?<\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.canada.ca\/en\/department-finance\/news\/2026\/07\/government-launches-consultation-on-draft-legislation-for-various-tax-measures.html\" type=\"link\" id=\"https:\/\/www.canada.ca\/en\/department-finance\/news\/2026\/07\/government-launches-consultation-on-draft-legislation-for-various-tax-measures.html\">Government of Canada has invited the public to provide feedback<\/a> on all its July 2026 proposals by September 4, 2026. Canadians can do so by e-mailing their comments to <a href=\"mailto:consultation-legislation@fin.gc.ca\">consultation-legislation@fin.gc.ca<\/a> before this deadline.<\/p>\n\n\n\n<p>If adopted by Parliament, this specific amendment will come in force on Royal Assent.<\/p>\n\n\n\n<p><em>Have questions about this article? Is your charity expecting a gift of life insurance? Does your charity need to update its gift acceptance policy? <\/em><a href=\"https:\/\/www.millerthomson.com\/en\/expertise\/tax\/charities-not-for-profit\/\"><em>A lawyer from Miller Thomson\u2019s award-winning Charities and Non-Profits Group<\/em><\/a><em> can assist.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 23, 2026, the Department of Finance released a set of draft legislative proposals and amendments to the Income Tax Act (Canada) (the \u201cAct\u201d) for public comment.&nbsp; Among the proposed changes, the Government of Canada seeks to exempt spousal transfers of life insurance policies from the deemed fair market value rules under s. 248(35) [&hellip;]<\/p>\n","protected":false},"author":122,"featured_media":14389,"parent":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[535],"insight-format":[416],"class_list":["post-54573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-impact"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A good policy proposal: For life insurance donations, Ottawa plans to turn a tax trap into a tax break | Miller Thomson<\/title>\n<meta name=\"description\" content=\"Ottawa proposes to remove a tax trap for charitable gifts of life insurance received through a spousal rollover. Learn how the change could benefit donors and charities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A good policy proposal: For life insurance donations, Ottawa plans to turn a tax trap into a tax break | Miller Thomson\" \/>\n<meta property=\"og:description\" content=\"Ottawa proposes to remove a tax trap for charitable gifts of life insurance received through a spousal rollover. Learn how the change could benefit donors and charities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/\" \/>\n<meta property=\"og:site_name\" content=\"Miller Thomson\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MillerThomsonLaw\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-31T21:12:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-31T22:51:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/Insights_Social-Impact_Post-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1776\" \/>\n\t<meta property=\"og:image:height\" content=\"994\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sebastian Vives\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@millerthomson\" \/>\n<meta name=\"twitter:site\" content=\"@millerthomson\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sebastian Vives\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/\"},\"author\":{\"name\":\"Sebastian Vives\",\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/#\\\/schema\\\/person\\\/be05481ca4ee617c24b33993ade4c881\"},\"headline\":\"A good policy proposal: For life insurance donations, Ottawa plans to turn a tax trap into a tax break\",\"datePublished\":\"2026-08-31T21:12:19+00:00\",\"dateModified\":\"2026-08-31T22:51:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/\"},\"wordCount\":615,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.millerthomson.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Insights_Social-Impact_Post-Image.jpg\",\"articleSection\":[\"Social Impact\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/#respond\"]}]},{\"@type\":[\"WebPage\",\"ItemPage\"],\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/\",\"url\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/\",\"name\":\"A good policy proposal: For life insurance donations, Ottawa plans to turn a tax trap into a tax break | Miller Thomson\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.millerthomson.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Insights_Social-Impact_Post-Image.jpg\",\"datePublished\":\"2026-08-31T21:12:19+00:00\",\"dateModified\":\"2026-08-31T22:51:56+00:00\",\"description\":\"Ottawa proposes to remove a tax trap for charitable gifts of life insurance received through a spousal rollover. Learn how the change could benefit donors and charities.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.millerthomson.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Insights_Social-Impact_Post-Image.jpg\",\"contentUrl\":\"https:\\\/\\\/www.millerthomson.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Insights_Social-Impact_Post-Image.jpg\",\"width\":1776,\"height\":994,\"caption\":\"people standing in a circle with hands extended towards the middle\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/insights\\\/social-impact\\\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A good policy proposal: For life insurance donations, Ottawa plans to turn a tax trap into a tax break\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/\",\"name\":\"Miller Thomson\",\"description\":\"National law firm providing business law expertise and litigation and disputes services for businesses across Canada since 1957.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/#organization\",\"name\":\"Miller Thomson\",\"url\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.millerthomson.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/miller-thomson.svg\",\"contentUrl\":\"https:\\\/\\\/www.millerthomson.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/miller-thomson.svg\",\"width\":380,\"height\":50,\"caption\":\"Miller Thomson\"},\"image\":{\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/MillerThomsonLaw\\\/\",\"https:\\\/\\\/x.com\\\/millerthomson\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/miller-thomson-llp\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@millerthomson\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.millerthomson.com\\\/en\\\/#\\\/schema\\\/person\\\/be05481ca4ee617c24b33993ade4c881\",\"name\":\"Sebastian Vives\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9c50194d3d05da0f277cc6ce0c163d04a4150aed35e0d008c0cba4866c37cc31?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9c50194d3d05da0f277cc6ce0c163d04a4150aed35e0d008c0cba4866c37cc31?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9c50194d3d05da0f277cc6ce0c163d04a4150aed35e0d008c0cba4866c37cc31?s=96&d=mm&r=g\",\"caption\":\"Sebastian Vives\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A good policy proposal: For life insurance donations, Ottawa plans to turn a tax trap into a tax break | Miller Thomson","description":"Ottawa proposes to remove a tax trap for charitable gifts of life insurance received through a spousal rollover. Learn how the change could benefit donors and charities.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/","og_locale":"en_US","og_type":"article","og_title":"A good policy proposal: For life insurance donations, Ottawa plans to turn a tax trap into a tax break | Miller Thomson","og_description":"Ottawa proposes to remove a tax trap for charitable gifts of life insurance received through a spousal rollover. Learn how the change could benefit donors and charities.","og_url":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/","og_site_name":"Miller Thomson","article_publisher":"https:\/\/www.facebook.com\/MillerThomsonLaw\/","article_published_time":"2026-08-31T21:12:19+00:00","article_modified_time":"2026-08-31T22:51:56+00:00","og_image":[{"width":1776,"height":994,"url":"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/Insights_Social-Impact_Post-Image.jpg","type":"image\/jpeg"}],"author":"Sebastian Vives","twitter_card":"summary_large_image","twitter_creator":"@millerthomson","twitter_site":"@millerthomson","twitter_misc":{"Written by":"Sebastian Vives","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/#article","isPartOf":{"@id":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/"},"author":{"name":"Sebastian Vives","@id":"https:\/\/www.millerthomson.com\/en\/#\/schema\/person\/be05481ca4ee617c24b33993ade4c881"},"headline":"A good policy proposal: For life insurance donations, Ottawa plans to turn a tax trap into a tax break","datePublished":"2026-08-31T21:12:19+00:00","dateModified":"2026-08-31T22:51:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/"},"wordCount":615,"commentCount":0,"publisher":{"@id":"https:\/\/www.millerthomson.com\/en\/#organization"},"image":{"@id":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/#primaryimage"},"thumbnailUrl":"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/Insights_Social-Impact_Post-Image.jpg","articleSection":["Social Impact"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/#respond"]}]},{"@type":["WebPage","ItemPage"],"@id":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/","url":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/","name":"A good policy proposal: For life insurance donations, Ottawa plans to turn a tax trap into a tax break | Miller Thomson","isPartOf":{"@id":"https:\/\/www.millerthomson.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/#primaryimage"},"image":{"@id":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/#primaryimage"},"thumbnailUrl":"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/Insights_Social-Impact_Post-Image.jpg","datePublished":"2026-08-31T21:12:19+00:00","dateModified":"2026-08-31T22:51:56+00:00","description":"Ottawa proposes to remove a tax trap for charitable gifts of life insurance received through a spousal rollover. Learn how the change could benefit donors and charities.","breadcrumb":{"@id":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/#primaryimage","url":"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/Insights_Social-Impact_Post-Image.jpg","contentUrl":"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/Insights_Social-Impact_Post-Image.jpg","width":1776,"height":994,"caption":"people standing in a circle with hands extended towards the middle"},{"@type":"BreadcrumbList","@id":"https:\/\/www.millerthomson.com\/en\/insights\/social-impact\/a-good-policy-proposal-for-life-insurance-donations-ottawa-plans-to-turn-a-tax-trap-into-a-tax-break\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.millerthomson.com\/en\/"},{"@type":"ListItem","position":2,"name":"A good policy proposal: For life insurance donations, Ottawa plans to turn a tax trap into a tax break"}]},{"@type":"WebSite","@id":"https:\/\/www.millerthomson.com\/en\/#website","url":"https:\/\/www.millerthomson.com\/en\/","name":"Miller Thomson","description":"National law firm providing business law expertise and litigation and disputes services for businesses across Canada since 1957.","publisher":{"@id":"https:\/\/www.millerthomson.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.millerthomson.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.millerthomson.com\/en\/#organization","name":"Miller Thomson","url":"https:\/\/www.millerthomson.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.millerthomson.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/miller-thomson.svg","contentUrl":"https:\/\/www.millerthomson.com\/wp-content\/uploads\/2024\/10\/miller-thomson.svg","width":380,"height":50,"caption":"Miller Thomson"},"image":{"@id":"https:\/\/www.millerthomson.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/MillerThomsonLaw\/","https:\/\/x.com\/millerthomson","https:\/\/www.linkedin.com\/company\/miller-thomson-llp\/","https:\/\/www.youtube.com\/@millerthomson"]},{"@type":"Person","@id":"https:\/\/www.millerthomson.com\/en\/#\/schema\/person\/be05481ca4ee617c24b33993ade4c881","name":"Sebastian Vives","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9c50194d3d05da0f277cc6ce0c163d04a4150aed35e0d008c0cba4866c37cc31?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9c50194d3d05da0f277cc6ce0c163d04a4150aed35e0d008c0cba4866c37cc31?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9c50194d3d05da0f277cc6ce0c163d04a4150aed35e0d008c0cba4866c37cc31?s=96&d=mm&r=g","caption":"Sebastian Vives"}}]}},"_links":{"self":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/posts\/54573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/users\/122"}],"replies":[{"embeddable":true,"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/comments?post=54573"}],"version-history":[{"count":4,"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/posts\/54573\/revisions"}],"predecessor-version":[{"id":54594,"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/posts\/54573\/revisions\/54594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/media\/14389"}],"wp:attachment":[{"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/media?parent=54573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/categories?post=54573"},{"taxonomy":"insight-format","embeddable":true,"href":"https:\/\/www.millerthomson.com\/en\/wp-json\/wp\/v2\/insight-format?post=54573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}