With spring underway, university and college students who are enjoying a well-deserved break from their studies will soon be joined by their high school counterparts. In the summer, students earn money that will help them get through the next school year. For many, this money is the difference between a financially stressful school year and one […]
Life insurance can be a key element in an individual’s estate plan. This is a universal fact, and many individuals in countries around the world buy life insurance to protect their families and pass wealth on to the next generation. As globalization continues to expand its reach and we see increased economic interdependence between nations, […]
The 2013 Federal Budget proposes to introduce a temporary supplement to the existing tax credit for charitable donations by individuals. Named the First-Time Donor’s Super Credit, the budget papers explain that the purpose of this new credit is to encourage those who have not made a charitable donation in the recent past to make a […]
The 2013 Federal Budget announced that the Department of Finance intends to conduct a review of the tax benefits associated with testamentary trusts. Like any planning technique, there are a number of tax and non-tax benefits to consider in utilizing a strategy. The notes in the budget announcement indicate that the government feels the preferred […]
It doesn’t take a genius to figure out that there’s a problem with the US health care industry. If you haven’t had a chance to watch Escape Fire – Rescuing American Health Care which aired recently on CNN , you’ll know what I mean. If you haven’t watched it, I highly recommend it. Getting your […]
A nanny can be an important part of a family’s life, providing reliable care for the children and helping keep up with the many other facets of a busy life. Employing a nanny can also provide some tax relief depending on the situation. A tax deduction is available for child care expenses. The deduction is […]
The primary value of a life insurance policy is in the benefit that arises upon death. The death benefit creates capital for the insured’s beneficiary, or helps pay taxes and expenses that arise upon death. In addition, value can be generated during the insured’s life time. Using a life insurance policy to accumulate funds for […]
The adjusted cost basis (“ACB”) of a life insurance policy is important when a policyholder wants to dispose of all or a portion of his or her policy, or when a corporation receives life insurance proceeds and needs to calculate the resulting credit to its capital dividend account. The definition of ACB in the Income […]
There are many reasons why the owner of a life insurance policy might want to transfer ownership of the contract. As time evolves, the initial ownership of the policy may no longer make sense. The need for a change in ownership could be triggered by an event such as a corporate reorganization, a change in […]
Severe and prolonged health impairment, whether mental or physical, can be debilitating and can seriously affect the individual’s activities of daily iiving. Canada’s income tax system has a specifically designed non-refundable tax credit that provides financial support to severely disabled individuals. In 2011, the federal government’s cost of providing this credit was projected to be […]
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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.
