MyMonument
Secure portal enabling members and employers to:
- Access their data
- Make changes
- Communicate directly with their account manager
Search
combining
result(s)
To which insurance contracts does the capital gains tax apply?
A 10% tax applies to capital gains realized upon surrender or maturity of certain life insurance policies. More specifically, the following policies are affected: Branch 21 savings insurance: for which the eight-year term has expired with death benefit coverage of at least 130% of the premiums paid Branch 23 investment insurance policies Investment insurance policies combining Branch 21 and Branch 23, also known as Branch 44. If a Branch 21 or 26 policy (capitalization transaction) is subject