Individual pension plans have been around for years but they have recently started to gain popularity with business owners who are in a high tax bracket. According to Canada Revenue Agency there are only about 10,000 individual pension plans in Canada. However, as of late, individual pension plans have also come on the [...]

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“The Essential IPP Handbook”
1. Your clients want the freedom to choose early retirement. The recent flexibility of acceptable retirement ages has given Canadians more to consider when planning their future. How can you be sure your client will have sufficient asset to be able to choose early retirement? [...]

Click here to find out more about
“The Essential IPP Handbook”
In 2004, at the annual consultation held by the CRA on registered pension plans, the topic of discussion was how individual plans, a rare breed only a few years ago, now represent more
than one-third of defined benefit pension plans.
The plan design, however, presents more compliance [...]

Click here to find out more about
“The Essential IPP Handbook”
The individual pension plan industry is on the verge of an explosion, which could prove profitable for CAs
Traditionally the big four accounting firms prepared financial statements for corporations offering large defined-benefit pension plans. The emergence of the individual pension plan (IPP) benefits smaller CA firms [...]

An IPP looks just like your RRSP, except that it has several advantages:

MUCH higher contribution limits
Your company can make your contributions for you.
Contributions are fully tax deductible
Neither you nor your employer is taxed on the contributions.
Use past contribution room even if you maxed your RRSP contributions!
Interest on funds borrowed to “top-up” your IPP fully tax [...]