Schneider Content Team – A Blog by M.A. Schneider Insurance

PAY YOURSELF FIRST

April 6, 2022 By Schneider Content Team In Financial No Comments

Do you want to know the secret to both financial success and a happy marriage along the way? The first key is to make sure you're paying yourself first. This can be a real problem for people that are either not employed on a regular basis or are self-employed with a volatile income. But the [...]

CORPORATE OWNED LIFE INSURANCE — PROBATE TAX ISSUES?

March 26, 2022 By Schneider Content Team In Financial No Comments

The tax rules governing the valuation of corporate-owned life insurance, for purposesof determining the fair market value (FMV) of private company shares on a shareholder’s death1, are well established. Subsection 70(5.3) of the Income Tax Act (the Act) provides that in valuing the shares ofthe corporation, the FMV of any corporate-owned life insurance on the […]

HOW AGGRESSIVE TAXATION IS AFFECTING MULTIGENERATIONAL SMALL BUSINESSES IN CANADA

October 29, 2021 By Schneider Content Team In Financial No Comments

Part of the ideal of Canada is that it is a country of fairness. Whether you agree of not, there is a process in place that allows anyone to challenge an existing law or statute based on the constitution. That's exactly what's happening with Bill C-208 right now. It's a case that is being watched [...]

A YOUNGER PERSON’S GUIDE TO RRSPs

October 25, 2021 By Schneider Content Team In Financial No Comments

By Cass Schneider A YOUNGER PERSON’S GUIDE TO RRSPs Authors note: This is Part 1 of a series on basic money management for younger people. People my age often put off saving until they are making more money, out of debt or more confident in their job prospects. As a result, they often don't [...]

APPLE iWATCH TO THE RESCUE

October 1, 2021 By Schneider Content Team In Health, Technology No Comments

We've been talking about the benefits of proactive medicine for some time. Most recently in regards to the Apple iWatch and how it fits into a strategic approach for keeping you healthy. Little did we know when I published my last article a couple of months back that the Apple iWatch would come into play [...]

TAX-FREE TRANSFERS OF A PERSONALLY OWNED LIFE LIFE INSURANCE POLICIES – PART 1

May 13, 2021 By Schneider Content Team In Financial No Comments

There may be situations where your client owns a life insurance policy and the life insured isanother individual (e.g., their business partner, spouse, or child). Your client has died owning thispolicy and now the ownership of the policy needs to be changed. What are the tax implications of theownership change and is it possible to […]

ESTATE FREEZE AND A REFREEZE IN AN ECONOMIC DOWNTURN

February 9, 2021 By Schneider Content Team In Financial No Comments

This episode’s insurance article is on Estate Freezes. Over the years we’ve done a number of them for some of our business clientele. While this approach is certainly not for everyone and can be difficult to grasp, the strategy can help to save considerable tax in certain situations. If you feel this may help your […]

THOUGHTS on “THE PSYCHOLOGY OF MONEY”

January 28, 2021 By Schneider Content Team In Financial No Comments

We’re regularly working towards improving our education so that we can help you. One of the things we did (well Mark and I did) this Christmas holiday was to review The Psychology of Money. It’s a book detailing timeless lessons on wealth, greed, and happiness, written by Wall Street Journal columnist Morgan Housel. The book […]

THOUGHTS on “THE PSYCHOLOGY OF MONEY”

January 28, 2021 By Schneider Content Team In Financial No Comments

We’re regularly working towards improving our education so that we can help you. One of the things we did (well Mark and I did) this Christmas holiday was to review The Psychology of Money. It’s a book detailing timeless lessons on wealth, greed, and happiness, written by Wall Street Journal columnist Morgan Housel. The book […]

TIPS AND TRAPS OF CAPITAL LOSS PLANNING

December 10, 2020 By Schneider Content Team In Financial No Comments

The COVID-19 pandemic has resulted in an economic downturn, volatile markets, and financial challenges for many businesses. Year-end tax planning is always valued, but perhaps this year more than ever. Let’s examine various considerations around capital loss planning from atax perspective, including the general rules and issues around superficial losses, and discuss the impact of […]