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Manulife Financial Tax and Estate Planning experts ‘write the book’ on tax planning impacts of life insurance Carswell publishes reference text for lawyers, accountants, financial advisors Waterloo -- Canada’s key financial advisors can now turn to a single reference tool for comprehensive information on how taxation of life insurance can affect their personal and business financial planning. The 500-page softcover book, Canadian Taxation of Life Insurance, is published by Canada’s leading specialized information publishing house, Toronto-based Carswell, and is available through Carswell’s Web site at www.carswell.com. “The use of life insurance for personal, business and estate planning is a complex area that’s experiencing unprecedented attention and growth,” said Florence Marino, Assistant Vice President of Manulife’s Tax and Estate Planning Group, and co-editor of the book. “We became aware that there was a real need for a single reference guide on how life insurance policies and annuities are taxed and the tax implications of their use in various planning contexts - so we set out to pull it together,” added co-editor Joel Cuperfain, a Tax and Estate Planning Consultant in Manulife's Toronto regional office. "We wanted to create a comprehensive guide to key tax issues facing many individuals and businesses as they accumulate wealth through their life insurance coverage and annuities.” Important tool for advisors When Manulife approached Carswell about the book, the publisher was immediately receptive given the Tax and Estate Planning Group’s strong reputation in the Canadian insurance industry. “We believe this will be a valuable tool for lawyers, accountants, and insurance advisors involved in providing advice,” added Ms. Marino. Manulife has 18 specialists – primarily lawyers and accountants – in the Tax and Estate Planning Group, based in various locations in Canada. The group’s mandate is to assist advisors to develop insurance solutions for their clients seeking tax-advantaged wealth accumulation. An understanding of the tax impact on life insurance can assist tax and financial advisors to better evaluate how life insurance can be used in estate and business planning, Ms. Marino said. “Client and professional advisors play an important role in helping Canadians make better financial decisions and this reference book is designed to help them to know the implications of their coverage and annuity investments,” added Mr. Cuperfain. About Carswell Carswell is Canada’s leading provider of specialized information and electronic research solutions. A Thomson business, Carswell operates within the legal, finance and human resources sectors, providing integrated information in formats including books, looseleaf services, journals and newsletters, CD-ROMs and online. For more information, visit the Carswell Web site at www.carswell.com. About The Thomson Corporation The Thomson Corporation, with 2000 revenues of approximately $6.0 billion, is a leading provider of integrated information solutions to business and professional markets worldwide. The Corporation's common shares are listed on the Toronto and London stock exchanges. For more information, visit The Thomson Corporation at www.thomson.com. About Manulife Financial Manulife Financial is a leading Canadian-based financial services company operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial (Manulife Financial Corporation and its affiliated companies) were Cdn$134.6 billion as at September 30, 2001. Manulife Financial Corporation trades as ‘MFC’ on the TSE, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. – 30 – About the Book: Canadian Taxation of Life Insurance Media contact: Tom Nunn Director, Media Relations Manulife Financial 519-594-8578 tom_nunn@manulife.com |
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