I found this fantastic article on value of employee benefits from our partners at CLU Institute. Many small business owners often overlook employee benefits because of cost or administrative burdens. What you’ll see however is that benefits are investments an employer makes that can dramatically improve how their business runs. Sean Finding stability in times […]
A lot of us use points programs for things like free flights or hotels but most people don’t realize that they can earn points from their insurance policies. Last month Lindsay and I took full advantage of Manulife’s Vitality program to pay for two hotel stays on our honeymoon. As you’re paying premiums every month, […]
Introduction Changes Effective in 2023 RRSP/RRIF Reporting Rules For clients with larger RRSP/RRIF balances,what appears to be a small administrative changeto the RRSP/RRIF reporting rules could havesignificant implications. Until recentlyfinancial institutions were only required to reportto the Canada Revenue Agency (CRA)contributions and withdrawals from RRSPs/RRIFs they administer. However, due to concernsthat RRSPs/RRIFs may hold assets […]
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 […]
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 […]
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 […]
Resilience has been the best term we can apply to markets as of late. Despite concerns over rising inflation and interest rates, supply chain issues, a Chinese property market collapse and a new energy crisis, markets have been able to pull back from a September slow down and are now once again at or very […]
