Category: "RCA"
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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. […]
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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 […]
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GBL: Innovation and Exceptional Service Personified
Business Owners, FMV, HAWP, 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 […]
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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 […]
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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 […]
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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 […]
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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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2018 Income Tax Planning
Business Owners, IPP, News, 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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2016 Federal Budget: The Middle Class Budget
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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RCA and professional athletes
For the financial planner, there are a number of unique concerns to address when providing overall compensation strategies for professional athletes such as NHL or NBA players: The athlete will have a comparatively short career, likely lasting a decade or less. Salaries are considerable during this time period with sizeable increases as the athlete’s career […]
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