Tagged with: "Business Owner"
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The Health Benefit Plan (HBP): The Flexible, Low-Fee Alternative to the Health Spending Account (HSA)
As we move through 2026, employee benefits are being reconsidered by organizations to attract and retain top talent. However, traditional health insurance premiums are rising. For business owners looking for a tax-efficient way to cover medical expenses without the recurring “cost-plus” fees of a Health Spending Account (HSA), the Health Benefit Plan (HBP) is an […]
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IPPs Are Simpler Than You Think: A Turnkey Option for Investment Advisors
IPP Setup for Advisors: Simple & Turnkey with GBL If you’ve heard that Individual Pension Plans (IPPs) are complex, you’re not alone. Many advisors picture heavy paperwork, actuarial math, and regulatory hoops. In practice, when you partner with experts like GBL, the IPP setup is straightforward; and you keep the client relationship while we handle […]
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Dividends vs Salary: Why the Simplest Compensation Strategy Isn’t Always the Best
Business Owners, IPP, RCA, Uncategorized
Dividends vs Salary — An Introduction Many owners of Canadian private corporations default to paying themselves in dividends. It feels simple, avoids payroll deductions, offers the dividend tax credit, and seems tax-efficient. But as GBL frequently hears from business owners years later — “I wish I’d taken more T4 income.” Behind this regret lies an […]
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IPP Setup Deadline for Deductions for the 2025 Tax Year
Are you a business owner or incorporated professional considering an Individual Pension Plan (#IPP) for yourself? Or are you an #advisor or #accountant considering one for your client? The deadline for GBL to receive completed IPP applications for the 2025 #tax year is December 12th – roughly two months away. Unlike with the #RRSP, which […]
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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 […]
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IPPs Are Easier to Set Up Than You Think
A common misconception is that IPPs are complicated, but the reality that IPPs are easier to set up than you think . Once you have decided that an IPP is the right fit, you can enjoy the benefits of corporate deductions and enhanced retirement savings with ease. The Individual Pension Plan (IPP) is widely regarded […]
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The IPP – Ideal Candidate and Setup Timelines
Tony Manoharan February 6th, 2025 Frequently Asked Questions About the IPP At GBL, we often receive questions about setup timelines and ideal candidates for Individual Pension Plans (IPP). Here, we answer the most common inquiries: Why Choose an IPP Over an RRSP? Who is the Ideal IPP Client? An Individual Pension Plan is a powerful […]
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CE Credits Now Offered Through Advocis and FP Canada for Individual Pension Plans (IPPs)
Did somebody say #CE Credits? Almost as exciting as attending a presentation with a room full of actuaries*. On that note, we are excited to announce that #GBL now offers CE Credits through #FPCanada and #Advocis for Individual Pension Plans (#IPPs). Rest easy, our Senior Team understands tax, retirement, and estate planning needs for business […]
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2024 Charitable Donation Deadline Extension: A Potential Opportunity for Donors
Business Owners, Charitable Giving, News
The federal government recently announced an extension to the 2024 charitable donation deadline, allowing donations made up to February 28, 2025, to be claimed on 2024 tax returns. This move aims to address delays caused by the Canada Post strike, providing charities and donors extra time to process contributions. While this measure was welcomed by […]
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Cheers To An Amazing 30 Years
In Scottish culture, the New Year, or Hogmanay as the Scottish call it, brings a sense of renewal and reflection. Growing from its Scottish origins while enjoying an incredible journey along the way, GBL is thrilled to celebrate its 30th anniversary in 2025. Since our founding in 1995, we have serviced over 7000 clients and […]
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