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Disability Insurance Deductible Cra

1 Canada Revenue Agency … Are Insurance Premiums Deductible? … o Health and disability insurance benefits are paid tax-free to the policyowner.

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Group term life insurance policies – Employer-paid premiums. This section applies to current, former and retired employees.

Can I deduct life or disability insurance premiums … – Neither life insurance nor disability insurance premiums are deductible on your tax return. Refer to IRS Publication 502: Insurance

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TaxTips.ca – Pay your own premiums for disability insurance so that any benefits will be tax-free to you.

I pay into a plan for disability insurance privately. I didn’t make any claims, thanks goodness. Are these payments tax deductible? Thanks I’m

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