The text is now available at: http://consumerights.ca/wp/2014/07/proposed-changes-to-prescribed-annuity-taxation-the-truth-is-in-the-numbers/
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This text is also on Financial Services Consumer Aliance
Proposed changes to prescribed annuity taxation are hidden in the proposals for changes in the exemption test of life policies. The proposal in regards to annuity taxation would modify Subsection 300(2) of the Income Tax Regulations. Under current regulations, the taxable income portion of a prescribed annuity is determined using the 1971 Individual Mortality table. After December 2015, the new regulations would require that insurers use the Annuity 2000 Basic Mortality table.
What does this mean?