Tagged with: "Retirement"
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Pension Division in Alberta: Division of Pension for Active Plan Members – How Is the Member’s Remaining Pension Calculated?
Alberta’s rules for valuing a non-member spouse’s share of a defined benefit (DB) pension are detailed and precise. The rules for determining the member’s remaining pension after the division are not, and in our worked example, the choice of method adopted by the administrator can result in a reduction to the member’s pension that exceeds […]
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New Pension Mortality Table: Commuted Values Will Rise on April 1, 2027
By Pat Johnston, FCIA, FSA – GBL | Published October 1, 2026 Starting April 1, 2027, pension commuted values in Canada will be calculated using a new mortality basis: the CPM2024 mortality table with the MI-2024 mortality improvement scale. It replaces the CPM2014 table and CPM-B improvement scale that have been used as the mortality […]
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PS 3251 Employee Benefits: Major Changes to Public Sector Accounting Standards
DB, DC, Employee Benefits, MEPP, News
By Pat Johnston, FCIA, FSA – GBL PS 3251 Employee Benefits Changes In March 2026, the Public Sector Accounting Board (PSAB) issued Section PS 3251, Employee Benefits, a new standard that replaces PS 3250 (Retirement Benefits) and PS 3255 (Post-employment Benefits, Compensated Absences and Termination Benefits). While PS 3251 does not change the actual cost […]
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The RCA: A Key Solution for Professional Athletes
June 2026 And Just Like That It is that time of year again as we have reached the end of the 2025-2026 NHL season. As the bottles of champagne rain down on the Hurricanes, a worthy victor, the Montreal Canadiens, who inspired hope to bring The Cup back to Canada, deserve our hats off. Now […]
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All Eyes on the IPP (2026)
The Updated 2026 All Eyes on the IPP Guide for Business Owners, Incorporated Professionals, and their Advisors Ryan Ackers | SVP, Growth & Corporate Development, GBL All Eyes on the IPP – Key Takeaways: Introduction: All Eyes on the IPP in the Shifting Canadian Tax Landscape For the better part of a decade, Canadian business […]
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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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Retirement Planning for Incorporated Dentists: The Use of Individual Pension Plans
Fraser Lang April 15th, 2025 Federal tax changes have turned what was once prudent planning by dentists on its head, leaving many without adequate retirement savings. This article discusses how Retirement Planning for Incorporated Dentists through the Individual Pension Plan (IPP) can help to resolve the government-created gap. Background Dentists handle important and stressful work; […]
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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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