Category: "Business Owners"
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The Pursuit of Financial Stability in Turbulent Economic Times
Business Owners, IPP, RCA, FMV
As we have officially moved on from what is widely considered to be the most tumultuous and disruptive year of our generation, many advisors are cautiously optimistic as we navigate through 2021. Though the COVID-19 vaccine rollout gives much hope for this year, there are many who worry about changes in tax policy in order […]
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Bill 213: Making IPPs Better for Small Businesses and Incorporated Professionals in Ontario
On December 8, 2020, Bill 213 received Royal Assent by the Ontario Government. The purpose of Bill 213 is to reduce the burdens of regulation on businesses. Coined the Better for People, Smarter for Business Act, Bill 213 covers off many different facets of regulation in Ontario. One of the major wins for small businesses […]
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COVID-19 – FAQ about your IPP during this uncertain time
First and foremost, we hope that everyone is staying safe while we deal with the outbreak and spread of COVID-19. We at GBL are doing everything we can to keep our employees and clients safe, while still being available to service your pension needs and provide the customer support you are accustomed to. We wanted […]
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Individual Pension Plan (IPP) vs Personal Pension Plan
GBL has received inquiries regarding the Individual Pension Plan (IPP) and a competitor’s offering called the Personal Pension Plan. The purpose of this document is to outline the similarities and differences and to debunk any myths surrounding one option over another. It is important to note the Defined Benefit (DB) component of the Personal Pension […]
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GBL Inc. and Link Investment Management partner to offer cost-effective employer-sponsored retirement savings plans.
CALGARY, Alberta (January 21, 2020) — Link Investment Management Inc. (“Link”), an innovative provider of employer-sponsored compensation and pension plans, has partnered with GBL Inc. (“GBL”), an actuarial consulting firm who are experts on Individual Pension Plans (IPPs), Retirement Compensation Agreements (RCAs) and Health Benefit Plans for business owners. Link and GBL are pleased to […]
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RRSP Season: A great opportunity to review alternative planning options such as Individual Pension Plans (IPPs)
During the 1990s, RRSP (or RSP) season was seen primarily as a time where clients would sit down with their Advisor, review their RRSP portfolio, and provide a cheque for their annual contribution. For many, the focus was to make sure that the contribution cheque was received by their financial institution before the last day […]
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Charitable Gifting Using Insurance: Unlocking Value After the Risk is Covered Off
In every stage of life, there are different needs and there are often concerns about risk. One example being, “If I were to die, how will my family be able to cover our expenses, taxes, or debts?” Life Insurance is the most common vehicle utilized to address this risk. There are two types of Life […]
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Selling your Business? How the RCA can be an Important Planning Tool
For majority of business owners, the sale of their business represents a bulk of their retirement savings. Years of hard work, sacrifices, and sweat equity has led to the moment of sale with a big pot of gold. The sale of the business is not always a share sale, and in the case of a […]
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All Eyes On The IPP: A Favoured Retirement and Tax Saving Powerhouse for Business Owners and Professional Corporations
“What kind of parallel universe are we living in?” is a question we’ve asked ourselves and our clients over the past 21 months given that actuaries seem to have become the people in the room whom everybody wants to talk to. Actuaries are a cool group, don’t get me wrong, but the attention GBL has […]
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2018 Federal Budget: Clarifying the Passive Income Conundrum
Since tax changes were proposed for Canadian Controlled Private Corporations (CCPCs) in July 2017, small business owners, incorporated professionals and their tax advisors have been in a holding pattern as to how to manage passive assets. Proposals at the time called for two pools of assets: Pre Jan 1, 2018 and post Dec 31, 2017. […]
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