Category: "RCA"
-
Supplemental Executive Retirement Plan (SERP): Funded vs Unfunded – Which is the better Executive Compensation Option?
Retirement Compensation Arrangement (Funded) vs Notional Accrual (Unfunded): This is a question that GBL frequently gets asked when helping companies design compensation packages. The answer depends on your company’s and employee’s individual circumstances. SERP: Funded vs Unfunded? Which is the better Executive Compensation option? Introduction: For executive retirement planning, providing entitlements above the base defined […]
Continue reading -
Why SERPs are Increasingly Popular and Rectify Limits to Standard Executive Compensation Plans
SERPs offer companies the opportunity to attract and retain top talent by addressing the limits to standard executive retirement plans Laura Davis January 30th, 2025 Many corporate executives today are enrolled in executive retirement plans that fail to provide them sufficient retirement income based on their earnings due to limits within their standard retirement plans. […]
Continue reading -
Retirement Compensation Arrangements: Optimizing After-Tax Income for Professional Hockey Players
Taxes are said to be one of the things that are certain in life, and professional hockey players sure do pay a lot of them. As we Canadians reel from the pain of another year of the cup not coming back home, we tip our hats to the tenacious spirit of the Edmonton Oilers. The […]
Continue reading -
2023 IPP and RCA Application Deadlines
The end of 2023 is approaching much faster than we think. Many Business Owners and Incorporated Professionals have much clearer ideas as to what their corporate profits will be and are in the need of meaningful deductions to manage both corporate and personal taxes. With so many tax strategies being muted or closed due to […]
Continue reading -
Important Considerations when Selling the Shares of a Small Business
For the majority of small business owners, selling the shares of their corporation is often seen as the pot of gold at the end of the rainbow. There is an expectation that the lifetime capital gains exemption (LGCE) will be able to be used by the shareholders to greatly reduce the taxes from the sale. […]
Continue reading -
The RCA: Helping Professional Hockey Players Pay Substantially Less Income Tax
Taxes are said to be one of the things that are certain in life, and professional hockey players sure do pay a lot of them. As the National Hockey League (NHL) crowns the Colorado Avalanche as the 2022 Stanley Cup Champions, this signals the start of an off-season where players will have the opportunity to […]
Continue reading -
GBL: Innovation and Exceptional Service Personified
Business Owners, FMV, HBP, IPP, RCA
As GBL celebrates its 26th anniversary, we reflect on our history and contributions to planning within Canada. In 1995, Gordon B. Lang, FCIA, FCA looked to reimage how Actuarial services could be marketed and administered to provide for a better client experience. There were two facets to this: Having a dedicated consulting arm to educate […]
Continue reading -
Planning for the Future: The RCA and Professional Hockey Players – July 2021
After a whirlwind season, which saw the Montreal Canadiens three games short of bringing the Stanley Cup back to Canada, the 2020-2021 NHL season has concluded. The end of the league year and the introduction of a new expansion team in Seattle with a flat salary cap this offseason will bring many changes as teams […]
Continue reading -
The Pursuit of Financial Stability in Turbulent Economic Times
Business Owners, FMV, IPP, RCA
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 […]
Continue reading -
Planning for the Future: The RCA and Professional Hockey Players
On September 28th, the National Hockey League crowned its new champions of the Stanley Cup. For fans, players, and team members, this represents the Holy Grail for the sport. Apart from the thrilling end to the playoffs, this game marks the end of the season and the start of a new one, filled with more […]
Continue reading