Category: "News"
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The 2022 Federal Budget: A Plan to Grow the Economy
On April 7th, 2022, Federal Finance Minister Chrystia Freeland tabled her second budget. Due to the financial expense of the pandemic and strong headwinds from geo-political concerns in Europe and Asia, expectations were rampant that new taxation measures would be required. To the surprise of many, we did not see these significant measures tabled. There […]
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The Health Benefit Plan: A Cost-Effective Strategy To Turn Employee Medical Expenses Into Corporate Tax Deductions
Last updated: July 7, 2021 As we transition out of the COVID-19 pandemic, employee benefits are being reconsidered by organizations in order to attract and retain their top talent. The Health Benefit Plan (HBP) has seen a considerable increase in popularity as a tool that helps to attract and retain talent by allowing employers to […]
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Succession Planning and the IPP: Keeping it in the Family
Canada’s economic prosperity has been built by the ingenuity of its entrepreneurs and their families, who create and grow their business and employ millions of Canadians. Whether it be a corner store, restaurant, a potato farm, or a brewery; the family business represents a massive form of employment and growth for our economy. According to […]
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2021 Federal Budget: The GBL Perspective
On April 19th, 2021 Finance Minister Chrystia Freeland presented the 2021 Federal Budget: A Recovery Plan for Jobs, Growth, and Resilience. Unlike many past budgets, this budget was long on measures in regard to spending with little changes to the areas of personal taxes, corporate taxes, RSP and Pension limits, or capital gains taxes. Of […]
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GBL: 25 Years of Pushing The Actuarial Consulting Industry Forward
How our mission to empower Canadian business owners and incorporated professionals has continuously evolved As with most companies that had to forgo celebrating their 25th anniversary in 2020, GBL is proudly celebrating its 26th anniversary in 2021 (and hopefully the final year of the COVID-19 pandemic). We are proud of our resilience and accomplishments, and […]
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CRA Releases Newsletter 21-1 Providing Conditions for IPPs and Designated Plans
On March 16th, 2021, CRA posted a newsletter that provides clarity under the Income Tax Act. A standard Individual Pension Plan (IPP) is considered a designated plan for connected persons and their family members under subsection 8300(1). The IPP has clear rules that govern it as a defined benefit plan for owner operators, which offers […]
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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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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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GBL Celebrates Acquisition of McFarlane Amerlee Consulting
Partnership Will Expand GBL’s Reach and Value Proposition to Business Owners and Professional Corporations Calgary, AB: It is with great excitement that GBL announces the acquisition of its industry peer McFarlane Amerlee Consulting, effective January 1st, 2020. Since 1996, McFarlane Amerlee has been a leader in creating Individual Pension Plans (IPPs) for business and professional […]
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