Individual Pension Plans
As an Entrepreneur, Lawyer, Dentist, or Physician you should explore how an Individual Pension Plan (IPP) can become a significant part of your overall financial plan, and significant part of your retirement. Your successful career has come with hard work and dedication to your craft.
Our goal is to help you realize the most economic ways for you to manage the wealth that this success has generated. An IPP is a defined benefit pension plan that will provide a constant stream of retirement income to you during retirement, giving you the confidence to enjoy your retirement as you intended.
IPP’s are effective retirement tools that replace the use of an RRSP and work best for those individuals that are over 40 years of age, and have an incorporated business that is at least 5 years old that generates free cash flow that will allow for contributions. The contributions to the plan by the corporation are tax deductible to the corporation.
With an IPP over the course of your working career there is significantly more contribution room when compared to a RRSP. Over time this can lead to significantly more assets in the plan and a higher income during retirement.
We would be pleased to show you how an IPP may work for you to increase tax deductions today and to increase your income in the future.