The world is not fair, equitable, just or even enjoyable for large swaths of humanity. When we watch the news, which is saturated with the misery of war and turmoil, it can feel like we’re all going down little by little. I actually can’t remember a time when the news was so overly depressive. And […]
Here’s a tool our team at Schneider Insurance is testing. It helps to automatically reduce your chances of getting hacked while also and also pesky telemarking calls. It’s called Incogni and it automates getting your data out of databrokers databases. In our digital era, data is the new gold. Every click, every like, every purchase, […]
Home prices are finally starting to come down throughout BC, largely due to interest rate rises. And assuming we see another couple of years of rate rises, we should see prices recede accordingly to a level that is hopefully sane once again. That means that for younger couples without a home today, starting now to […]
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 […]
A great streaming tool for corporate owned life insurance proceeds that come with tax considerations Corporate-owned life insurance has become an important tool in meeting the planninggoals and objectives of private company shareholders. Corporate-owned life insurance is oftenpurchased for a variety of reasons, including: What are life insurance shares? From a legal perspective, life insurance […]
