The Canadian income tax system relies on selfreporting, which means the system relies on taxpayers to disclose accurate complete information and comply with the rules. While the Canada Revenue Agency (CRA) has programs in place to catch nonreporters and it reserves the right to audit what a taxpayer reports, it simply cannot audit everyone. When the […]
Business investment losses are a subset of capital losses, but with special income tax treatment that allows for a faster recovery of the resulting tax savings. Both individual taxpayers and corporations may realize a business investment loss, which can arise from the actual or deemed disposition of certain capital properties. A business investment loss can […]
Kiddie tax was introduced in 2000 in order to neutralize an increasing trend towards splitting dividend income with minor children. The March 2011 Federal Budget expanded these rules to include certain capital gains realized by minor children with respect to the disposition of shares of private companies to non-arm’s-length persons. Kiddie tax was designed to […]
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At M.A. Schneider Insurance, we believe the saver deserves to be celebrated.
After all, it’s the saver that is conscientious every day to gradually create wealth for all.
That habit not only creates security for them but for their families and for the community as a whole.
We think they sometimes lose sight of how important they are.
This blog is here to help them. To help inspire them to stay the course and ultimately lead the great lives that they deserve.
1. Insight we gather about what’s going on that may affect the long-term quality of your life…
While there is a lot on the Internet, we know that making the best decisions for your life is often based on knowing just what your options are.
2. We hope that understanding what’s going on will help with perspective on what you can do.
3. New innovation and resources you can seek out.
This blog will offer an insight into the future because whether we like it or not, we’re going there. We’ll do the research to find the innovations that you should know about.
