Can I Deduct Life Insurance Premiums As A Business Expense? 
In Canada , the regulations around deducting life insurance premiums are very restrictive . If insurance is required by a lending institution to secure the loan then a portion of the premium may be deducted as a business expense . The amount that can be deducted is the net cost of pure insurance -LRB- NCPI -RRB- , This amount comes from a table provided by the government . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 