Accounting for an Insurance Policy

Many times, a recommendation is made for life insurance to be owned within a corporate structure. If the company names itself as the beneficiary under the contract, the premium payments generally do not give rise to any taxable benefit to the shareholder(s). The primary advantage of corporate ownership is that it usually takes less pre-tax […]

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The Coming Canadian Debt Calamity?

You may be in for a shock over the next few years as the well-meaning though overly generous Federal and Provincial government spending and policies come home to roost.   Canadians are borrowing money at a record rate bringing with it rapid inflation.  We a...

DRIVEN TO DISTRACTION

Here’s how driving factors into insurance underwriting. Cassie Schneider Thanks to a clampdown on drunk driving, more use of seatbelts, and cars equipped with airbags and the technology to help avoid accidents, the number of deaths due to motor vehicle a...

HOCKEY AND THE CORONAVIRUS

We are Canadian. And so we think of things in Canadian terms.   Even in this upside-down year with hockey season being played at the height of the summer. Some of us (like Mark) like to use hockey analogies. And the timeline of a hockey game is actually a...