Join host Jason Pereira and guest Jason Watt as they delve into the complex world of Canadian insurance and tax law. This episode sheds light on the gray areas in the Income Tax Act related to insurance, including permanent life insurance taxation, critical illness insurance, health spending accounts, and group benefits. They also discuss the risks and misconceptions associated with offshore insurance policies and the obligations of insurance advisors. Learn about recent case studies, CRA's stance on various insurance tactics, and practical advice for business owners and advisors navigating this intricate landscape.