Individual Pension Plan (IPP) for employees in Canada
Individual Pension Plan (IPP)
Are you a business owner and have some top-quality executives? This one-person defined benefit pension plan provides additional tax-sheltered retirement savings.
Advantages
- Reduces tax: contributions reduce the company’s income and reduces the taxable amount
- Lowers shareholders’ equity (retained earnings), which facilitates the sale of the company
- Prevents creditors to seize assets in an IPP
- Cancels social security payments on contributions for the employee, unlike an RRSP
- Allows you to save more for retirement because the contribution limit is higher than that with an RRSP
OUR OTHER MODULES
- Group Registered Retirement Savings Plan (RRSP) Learn more
- Deferred Profit Sharing Plan (DPSP) Learn more
- Voluntary Retirement Savings Plan (VRSP) Learn more
- Tax Free Savings Account Learn more
- Defined Contribution Pension Plan Learn more
- Individual Pension Plan (IPP) Learn more
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Pension Plan
Discover also

Group Benefits
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