Individual Pension Plan (IPP)

An Individual Pension Plan is a government approved plan that helps owners of companies and key employees provide funds for retirement

It has some significant advantages over RRSPs and is an often overlooked and misunderstood strategy.

It is quite often used by successful companies to reduce their corporate taxes by making a substantial up-front contribution to a personal pension plan, or used to provide benefits for a key employee to shelter bonus money from taxes.

It also allows for catch-up provisions to allow for investments that have not had sufficient growth.

It is a very unique planning tool and needs and we can help do a feasibility report to see if it makes sense. Please contact Kim Gibson 403-237-9990 ext 26 or kim@fauthfinancial.com
 

Individual Pension Plan (IPP)

An Individual Pension Plan is a government approved plan that helps owners of companies and key employees provide funds for retirement

It has some significant advantages over RRSPs and is an often overlooked and misunderstood strategy.

It is quite often used by successful companies to reduce their corporate taxes by making a substantial up-front contribution to a personal pension plan, or used to provide benefits for a key employee to shelter bonus money from taxes.

It also allows for catch-up provisions to allow for investments that have not had sufficient growth.

It is a very unique planning tool and needs and we can help do a feasibility report to see if it makes sense. Please contact Kim Gibson 403-237-9990 ext 26 or kim@fauthfinancial.com