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IPP

An Individual Pension Plan (IPP) is specifically designed for entrepreneurs and high-income professionals like physicians, attorneys, and business owners who want to ensure a comfortable retirement. By contributing to your IPP, your business helps grow your retirement savings, offering you financial security for the future. With an IPP, you can increase your contribution capacity beyond the limits of a traditional RRSP, while enjoying tax-free growth and a reliable investment structure that sets you up for long-term success.

Why Establish an IPP?

Maximized Contribution Capacity
An IPP allows for higher annual contributions compared to RRSPs, giving you the opportunity to boost your retirement savings faster, while still benefiting from tax-deferred growth.
Tax-Exempt Growth
Earnings on your IPP investment grow tax-free until withdrawals are made, allowing your wealth to compound more effectively, potentially achieving an annual return of 7.5%.
Tax-Deductible Employer Contributions
Contributions made by your business to your IPP, along with plan setup and management costs, are fully tax-deductible, offering a tax benefit for your company and strengthening your retirement fund.
Inflation-Protected Annuity
Upon retirement, your IPP contributions are used to create an annuity that offers 2% of your annual income for each year of membership, adjusted annually for inflation, providing steady and reliable income.

Increased Contribution Limits

The IPP allows for higher contribution limits than RRSPs, enabling you to accelerate your retirement savings.

Employer-Sponsored Contributions

Your employer makes contributions on your behalf, which are tax-deductible and add to your retirement savings without impacting your personal finances.

Our benefits

Securing Your Future with Confidence

Enhanced Retirement Savings

Tax-Free Growth

Tax-Deductible Employer Contributions

Security for Your Future

What is the difference between an IPP and an RRSP?

An IPP allows for much larger annual contributions than an RRSP, especially for high-income professionals, and provides tax-deductible employer contributions, which is not an option with RRSPs.

How do I optimize my IPP contributions?

Contributions are based on the amount of income earned during the years in which you participate in the IPP. The plan is designed to make up for any missed contributions and ensure you are on track for a secure retirement.