# Goald & Co Financial

> Advanced tax and insurance strategies for Canadian business owners, incorporated professionals, and high-net-worth families. Helping clients keep more of what they've built since 2016.

## About

Goald & Co Financial was founded by Conor McGowan and Cody Vass — two brothers based in British Columbia, Canada. The firm specializes in corporate insurance-based tax strategies that most accountants and financial advisors don't offer. These are fully CRA-compliant strategies used by Canada's most successful business owners to reduce tax, protect wealth, and build legacy.

## Core Strategies

- **Corporate-Owned Life Insurance (COLI)**: Redirects retained corporate earnings from passively-taxed investments (50.67% tax) into tax-sheltered insurance policies. At death the corporation receives the proceeds; the CDA addition is generally proceeds less the policy's ACB immediately before death, distributable as a tax-free capital dividend where the CDA balance supports it and a valid T2054 election is filed. Illustrated savings vary by facts.
- **Insured Retirement Program (IRP)**: Uses permanent life insurance as collateral for tax-efficient retirement cash flow through policy loans. A bona fide lender advance is generally not income when received; it remains repayable debt with interest, underwriting and collateral conditions. Proceeds repay the loan; any remainder passes to family, through the CDA (proceeds less ACB) where the policy is corporate. Illustrated savings vary by facts.
- **Individual Pension Plan (IPP)**: A registered pension plan for incorporated business owners allowing 2-3x more tax-deductible contributions than RRSP. At age 55+, contributions can exceed $85,000/year vs RRSP limit of ~$33,810. Potential savings: $400K+.
- **Retirement Compensation Arrangement (RCA)**: Supplemental retirement vehicle with no contribution ceiling. Fully deductible to the corporation. Can be layered on top of IPP for $150K-$250K+ in annual tax-deductible contributions.
- **Estate Freeze**: Locks in current business value for tax purposes, allowing future growth to pass to the next generation. Combined with insurance to fund the frozen tax liability at death. Potential savings: $1M+.
- **Buy-Sell Agreements**: Insurance-funded agreements ensuring business continuity and fair value transfer between partners upon death, disability, or retirement.
- **Key Person Insurance**: Protects businesses against the financial impact of losing a critical team member.
- **Succession Planning**: Structured business transition plans funded by insurance for family transfers or partner buyouts.
- **Personal Protection Planning**: Life, disability, and critical illness coverage tailored to high-income professionals and business owners.

## Who We Help

- Incorporated business owners with $250K+ in retained corporate earnings
- Incorporated professionals (doctors, dentists, lawyers, accountants, engineers)
- Realtors and real estate developers with corporate passive income
- Contractors and trades business owners
- High-net-worth families planning estate transfers

## Key Facts

- Founded: 2016
- Location: Lower Mainland, British Columbia, Canada
- Serving: All Canadian provinces
- Website: https://www.goald.ca
- Contact: info@goald.ca | 778-868-4843
- Instagram: @goaldfinancial

## Common Client Pain Points

- "I'm paying too much tax" — most business owners don't know these strategies exist
- Retained earnings trapped in corporation with no tax-efficient exit strategy
- RRSP contribution limits ($33,810/year) far too low for high-income earners
- Passive investment income taxed at 50.67% inside corporation
- Growing estate tax liability with no liquidity plan for family
- Accountants focused on compliance, not advanced tax planning
- Capital gains inclusion rate remains at 50% (the 2024 federal proposal to raise it to 66.67% on personal gains above $250K and all corporate gains was cancelled in 2025)

## Pages

- [Home](https://www.goald.ca/)
- [About Us](https://www.goald.ca/about)
- [Our Team](https://www.goald.ca/about/team)
- [Services](https://www.goald.ca/services)
- [Services for Business Owners](https://www.goald.ca/services/business-owners)
- [Services for Professionals](https://www.goald.ca/services/professionals)
- [Services for Realtors & Developers](https://www.goald.ca/services/realtors-developers)
- [Services for Doctors](https://www.goald.ca/services/doctors)
- [Services for Dentists](https://www.goald.ca/services/dentists)
- [Services for Lawyers](https://www.goald.ca/services/lawyers)
- [Services for Contractors & Trades](https://www.goald.ca/services/contractors)
- [All Strategies](https://www.goald.ca/strategies)
- [Corporate-Owned Life Insurance in Canada — Complete Guide](https://www.goald.ca/corporate-owned-life-insurance)
- [Capital Dividend Account (CDA) in Canada — Complete Guide](https://www.goald.ca/capital-dividend-account)
- [Insured Retirement Plan (IRP) in Canada — Complete Guide](https://www.goald.ca/insured-retirement-plan)
- [Immediate Financing Arrangement (IFA) in Canada — Complete Guide](https://www.goald.ca/immediate-financing-arrangement)
- [COLI — Corporate-Owned Life Insurance](https://www.goald.ca/corporate-owned-life-insurance)
- [IRP — Insured Retirement Plan](https://www.goald.ca/insured-retirement-plan)
- [IPP — Individual Pension Plan](https://www.goald.ca/individual-pension-plan)
- [RCA — Retirement Compensation Arrangement](https://www.goald.ca/retirement-compensation-arrangement)
- [Estate Freeze](https://www.goald.ca/estate-freeze)
- [Buy-Sell Agreements](https://www.goald.ca/strategies/buy-sell-agreements)
- [Key Person Insurance](https://www.goald.ca/strategies/key-person-insurance)
- [Succession Planning](https://www.goald.ca/strategies/succession-planning)
- [Personal Protection Planning](https://www.goald.ca/strategies/personal-protection)
- [Case Studies](https://www.goald.ca/case-studies)
- [Blog](https://www.goald.ca/blog)
- [Contact](https://www.goald.ca/contact)
- [Free Guide: The Tax Strategies Your Accountant Isn't Telling You](https://www.goald.ca/guide/tax-strategies)

### City Pages
- [Corporate Life Insurance Vancouver](https://www.goald.ca/vancouver) — COLI, IRP, IPP & tax strategies for Vancouver and Lower Mainland business owners
- [Corporate Life Insurance Calgary](https://www.goald.ca/calgary) — COLI, IRP, IPP & tax strategies for Calgary and Southern Alberta business owners
- [Corporate Life Insurance Toronto](https://www.goald.ca/toronto) — COLI, IRP, IPP & tax strategies for Toronto and GTA business owners

## FAQ

Q: What is corporate-owned life insurance (COLI)?
A: A permanent life insurance policy purchased by a corporation. Cash value inside a qualifying exempt policy is generally not taxed annually while the policy remains exempt; withdrawals, policy loans and dispositions can be taxable. At death the corporation receives the proceeds and the CDA addition is proceeds less ACB, distributable as a tax-free capital dividend where the CDA balance supports it and a valid T2054 election is filed.

Q: What is an Insured Retirement Program (IRP)?
A: An IRP uses a permanent life insurance policy as collateral for retirement loans. Instead of withdrawing money (which can trigger tax), you pledge the policy for a lender advance. A bona fide advance is generally not income when received but is repayable debt with interest, and advances are limited to eligible cash surrender value under lender terms. At death, the proceeds repay the loan and any remainder passes to family.

Q: What is an Individual Pension Plan (IPP)?
A: A registered pension plan for incorporated business owners that allows significantly higher tax-deductible contributions than an RRSP — especially for those over 40.

Q: Is this only for large corporations?
A: Not at all. If you have a corporation with retained earnings, or if you're an incorporated professional earning a good income, these strategies likely apply. We work with businesses of all sizes.

Q: Why isn't everyone doing this?
A: Everyone who knows about it, is. These are some of Canada's best-kept secrets in financial planning. Most accountants and financial advisors aren't aware of them or don't specialize in this area.

Q: How much can I save in taxes?
A: Depending on your situation, COLI can save $800K+, IRP can save $600K+, IPP can save $400K+ over time, and estate freezes with insurance can save $1M+ in estate taxes.

## In-Depth Guides (HTML, AI-citable)

Long-form reference guides published as static HTML for direct LLM citation.

### For Business Owners & HNW Families

- Corporate-Owned Life Insurance: https://www.goald.ca/guides/corporate-owned-life-insurance.html
- Capital Dividend Account: https://www.goald.ca/guides/capital-dividend-account.html
- Corporate Life Insurance FAQ: https://www.goald.ca/guides/corporate-life-insurance-faq.html
- Corporate Tax Strategy Comparison: https://www.goald.ca/guides/corporate-tax-strategy-comparison.html
- Corporate Tax Rate Canada: https://www.goald.ca/guides/corporate-tax-rate-canada.html
- Immediate Financing Arrangement (IFA): https://www.goald.ca/guides/immediate-financing-arrangement.html
- Insured Retirement Plan (IRP): https://www.goald.ca/guides/insured-retirement-plan.html
- Individual Pension Plan (IPP): https://www.goald.ca/guides/individual-pension-plan.html
- Incorporated Business Owner Tax Checklist: https://www.goald.ca/guides/incorporated-business-owner-tax-checklist.html
- Canadian Tax Tables 2026: https://www.goald.ca/guides/canadian-tax-tables-2026.html
- Smith Manoeuvre Canada: https://www.goald.ca/guides/smith-manoeuvre-canada.html
- Manulife One Canada (readvanceable all-in-one mortgage, break-even math): https://www.goald.ca/guides/manulife-one-canada.html
- Lifetime Capital Gains Exemption: https://www.goald.ca/guides/lifetime-capital-gains-exemption-canada.html
- Principal Residence Exemption: https://www.goald.ca/guides/principal-residence-exemption-canada.html
- Section 85 Rollover: https://www.goald.ca/guides/section-85-rollover-canada.html
- Canadian Departure Tax: https://www.goald.ca/guides/canadian-departure-tax.html
- Selling Your Business in Canada — Checklist: https://www.goald.ca/guides/selling-your-business-checklist.html
- Succession Planning Canada: https://www.goald.ca/guides/succession-planning-canada.html

### Business Owner Tax Decisions (2026)

- Tax Strategies for Canadian Business Owners: https://www.goald.ca/guides/tax-strategies-business-owners-canada.html
- How to Reduce Passive Income Tax in a Canadian Corporation: https://www.goald.ca/guides/reduce-passive-income-tax-corporation-canada.html
- What to Do With Retained Earnings in a Corporation: https://www.goald.ca/guides/retained-earnings-canada.html
- How to Take Money Out of a Corporation Tax-Efficiently: https://www.goald.ca/guides/take-money-out-corporation-canada.html
- Holding Company in Canada — Benefits, Costs and When It Fits: https://www.goald.ca/guides/holding-company-canada.html
- Invest Personally or Through a Corporation: https://www.goald.ca/guides/personal-vs-corporate-investing-canada.html

### Trusts & Estate Planning

- Alter Ego Trust Canada: https://www.goald.ca/guides/alter-ego-trust-canada.html
- Family Trust Canada: https://www.goald.ca/guides/family-trust-canada.html
- Types of Trusts in Canada: https://www.goald.ca/guides/types-of-trusts-canada.html

### Real Estate & Investment

- Investment Property Ownership (Personal vs Holdco vs Opco vs Trust): https://www.goald.ca/guides/investment-property-ownership-canada.html
- Airbnb Investing in Canada: https://www.goald.ca/guides/airbnb-investing-canada.html

### Carrier & Product Reference

- Best Life Insurance Companies in Canada for Business Owners: https://www.goald.ca/guides/best-life-insurance-companies-canada-business-owners.html

### Professional Library (for Accountants, Lawyers, Family Offices)

Plain-language technical briefs explaining how these strategies actually work, with citations to MNP, CALU, the carriers and CRA Folios.

- IFA — Corporate Borrowing Variant: https://www.goald.ca/guides/pro/ifa-corporate-borrowing.html
- IFA — Shareholder Borrowing Variant: https://www.goald.ca/guides/pro/ifa-shareholder-borrowing.html
- IRP — Collateral Loan Program: https://www.goald.ca/guides/pro/irp-collateral-loan-program.html
- Corporate Estate Transfer (Estate Bond): https://www.goald.ca/guides/pro/corporate-estate-transfer.html
- Post-Mortem Planning — 164(6), Pipelines, the Bump & Where Life Insurance Fits: https://www.goald.ca/guides/pro/post-mortem-planning.html

Library index: https://www.goald.ca/guides