Individual Pension Plan
Made-to-measure plan designed for company owners and self-employed individuals
Paid by the Company or Employer
An IPP is often set up when a company has generated significant earnings and wants to avoid paying too much tax. Employers can choose to pay contributions into their IPP, which will be an expense for the company—reducing its earnings and therefore its tax burden.
Services provided with the IPP
Fees charged for the IPP are entirely tax-deductible and our IPP services are provided by our qualified advisors, including:
-
Preparation, implementation and registration of your plan with the Canada Revenue Agency and provincial authorities, where applicable;
-
Actuarial valuations, ongoing legislative compliance and calculation of annual pension adjustments;
-
Plan administration and reporting;
-
Daily reporting on your investment fund returns.
IPP—Benefits
-
Allows more money to be saved for retirement than an RRSP.
-
Increases your retirement pension by using best years of past service in pension calculation.
-
Customized benefit indexation can mean early retirement without reduction.
-
Your assets in the IPP grow tax-free until retirement—and possibly continue tax-free growth after retirement if your pension benefits are drawn directly from the IPP.
-
Assets in an IPP are exempt from seizure by creditors and contributions to social programs such as EI and CPP do not apply to money invested in your IPP.
Learn more about IPP options from our Frequently Asked Questions, then contact us for quote rates.
