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Category: "News"

  • 2018 Federal Budget: Clarifying the Passive Income Conundrum

    News, Business Owners

    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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  • 2018 Income Tax Planning

    News, Business Owners, IPP, RCA

    First off, we would like to wish you and your clients a Happy and Prosperous 2018! As we are all aware and unlike our neighbours to the South, combined top Federal and Provincial Income Tax Rates in Canada are near to or over 50%.  In addition, the 2018 Federal Budget may penalize many taxpayers with […]

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  • Major Changes on the Horizon for Small Businesses

    News

    The announcement on July 18th, 2017 by Federal Finance Minister Bill Morneau regarding the proposed changes to taxation within incorporated businesses in Canada represents a major change in corporate tax planning.  Corporate tax planning for the last 35 years has focused on after-tax corporate savings and the usage of dividends as a means for the […]

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  • The Resurgence of the IPP: A Favoured Retirement and Tax Saving Powerhouse

    News, Business Owners, IPP

    The Good News: Despite tax increases and reduced savings strategies for the top 5% of Canadians, the 2016 personal tax season has ended in Canada…Finally. The Bad News: Now at the end of May, you and your clients are likely feeling the corporate tax pinch. The Ugly News: Tax policy for Business Owners and Professional […]

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  • 2017 Federal Budget: Much Ado About Nothing

    Business Owners, News

    For the Financial Services community, the 2017 Federal Budget will more be known for what it did not contain rather than what it contained. The increase of the Capital Gains Inclusion rate from 50% to 66% or 75%, the taxation of health and dental Benefits to employees, and any changes to the principal residence exemption […]

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  • The Taxman Cometh: Financial Strategy in an Increasingly Hostile Tax Environment

    Business Owners, IPP, News

         The perpetual arms race between increasing and decreasing taxes in Canada, alongside the use of strategies that help taxpayers pay less of their hard earned dollars to government coffers date back to the birth of our great country.  Keeping said arms race flourishing are changing governments and tax policies.      Imagine this: You’re a […]

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  • A New Year, a New GBL

    News

    2017 is officially here, and GBL is excited!  After 50 years of hard work in the actuarial industry and building GBL from the ground up, our Founder, Gordon Lang is handing over the reins of GBL to new management.  Don’t worry – Gordon isn’t going anywhere!  He will still be an integral part of GBL.  […]

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  • 2016 Federal Budget

    2016 Federal Budget: The Middle Class Budget

    FMV, IPP, News, RCA

    On the election trail in 2015, the Liberal Party proposed a series of changes to eliminate certain benefits for higher income earners, to focus on cuts to the middle class and to increase spending on infrastructure and other special interest groups. On March 22, 2016 the first steps of this game plan were put into […]

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  • The New Face of GBL

    News

    A Greek philosopher once said, “No great thing is created suddenly”. He must have been referring to a website! After many months of hard work we are finally set to unveil with pride our revamped website, which incorporates our new brand and tagline. We’re pretty pleased at the way it turned out. Hope you are […]

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  • The 2015 Federal Budget

    News

    Our take: Large on promise, low on the medicine that the sugar helps go down. Finance Minister Joe Oliver’s first budget delivered on its promise to be balanced and sets forth the Conservative Government’s Election Platform for 2015. Measures that assist families, seniors, and small businesses, were the major focus for the 2015 Federal Budget. […]

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