| Individual Pension Plans |
- An IPP is a Personal Defined Benefit Pension Plan.
- Contributions are determined by an Actuary and made by your Corporation.
- All Expenses for setting up and funding the Plan are deductible by the Plan Sponsor.
- The IPP is subject to Provincial Legislation and The Income Tax Act.
- A Valuation must be completed every three years by the Actuary to ensure the Plan stays on track.
- Potential for Creditor Protection.
- It is possible ,under certain circumstances, to contribute for past years of Service.
- Terminal Funding to modify the IPP provisions at Retirement to maximize Retirement Benefits .
- Numerous Options available at Retirement.
- Retirement Income is usually greater than the Income provided by an RRSP.
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