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

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Pension Plan

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Group Benefits

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