advanced life deferred annuities – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Allow DC plans to issue advance life deferred annuities: ACPM https://uat-cumulus.benefitscanada.com/news/bencan/allow-dc-plans-to-issue-advance-life-deferred-annuities-says-acpm/ Wed, 23 Oct 2019 10:00:37 +0000 https://cumulus.benefitscanada.com/uncategorized/allow-dc-plans-to-issue-advance-life-deferred-annuities-says-acpm/ In a letter to the tax branch of the Department of Finance, the Association of Canadian Pension Management said it would be reasonable for certain large defined contribution pension plans to be issuers of advanced life deferred annuities. According to the current Income Tax Act, only a licensed annuity provider can issue an ALDA. However, the ACPM […]

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