This "Kapitallebensversicherung" is a life insurance that invests my contributions in the stock market. In Germany, it grows my contributions tax free (similar to an RRSP). Should I live until the end of the contract (2032), it will pay out my contributions and any dividend or capital gains back to me. Until then it's locked. I have been in Canada for decades and reported that to the German tax office. Therefore, they consider me a "tax foreigner" in Germany and do not require me to submit a German tax report. How would I report this on my Canadian tax report?
