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GBL 2023 Federal Budget Commentary
March 28th, 2023 The 2023 Federal Budget was released on March 28th, and though it contained a few measures of note, regarding the alternative minimum tax (AMT), there were very limited measures that would impact the planning for small business clients as it relates to GBL. There were no changes to rules governing Individual Pension […]
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GBL and Pension Strategies Inc.
Actuarial Evidence, DB, News, IPP
GBL Celebrates Addition of Pension Strategies Inc. This merging under the GBL Brand will expand GBL’s Reach and Value Proposition to Business Owners, Legal Professionals, Corporate Defined Benefit Pension Clients, and Professional Corporations Calgary, AB: It is with great excitement that GBL announces its expansion of actuarial products, resources, and solutions with the addition of […]
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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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Incorporated Real Estate Agents: Tools to Maximize your Personal Real Estate Corporation (PREC)
In October 2020, the Province of Ontario joined British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, and Nova Scotia, in allowing Real Estate Agents to establish a Personal Real Estate Corporation (PREC), that would allow their remuneration from their brokerage to be paid to the PREC. Without a PREC, most Agents would receive T4A income. By receiving […]
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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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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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GBL: Innovation and Exceptional Service Personified
Business Owners, IPP, RCA, HBP, FMV
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 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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