INDIVIDUAL PENSION PLAN (IPP) 
       

Create an Individual Pension Plan (IPP)   Often referred to as a super-charged corporate RRSP, an Individual Pension Plan is a defined benefit pension plan that is particularly tailored to the needs of business owners and incorporated professionals.  Its main attraction is the ability to significantly boost retirement income because of larger tax-deductible contributions in comparison to an RRSP. An IPP's pension income is seen as reliable and predictable due to its regulated, conservative pension-style investment management and extensive monitoring.

Best suited for : business owner; incorporated professional; key executives annual T4 income of at least $75,000 from an incorporated company ages between 40 and 69 buy-back of past service with same employer possible those maximizing RRSPs looking for a tax deferral strategy* creditor protection

 REASONS TO ESTABLISH AN IPP

Provides reliable and predictable retirement income. Significantly increase retirement assets (contributions are higher than an RRSP). Income is sheltered from income tax.* Contibutions and fees are tax deductible.* Interest on borrowings for contributions are tax deductible.* Pension income splitting.

Contributions can be made for: past service current service top-up, if required terminal funding IPP assets are protected from creditors under provincial pension legislation. Facilitate the sale of a business. Succession planning.

  CONSIDERATIONS  

•  Higher fees (tax-deductible*) than an RRSP.
  
  
• More administration and regulation.

Call me at 250-882-7788 or e-mail at blepicq@lfsg.ca

* Please review with a tax professional.

 All mutual funds and approved exempt securities are provided by Portfolio Strategies Corporation. All other products and services are provided by Brian Lepicq.