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Are you maximizing your retirement savings potential?

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The IPP is a financial vehicle designed for business owners and executives whose RRSP contribution ceiling is too low to allow them to attain their retirement goals. 

INDIVIDUAL PENSION PLANS

Advantages:

  • Larger annual contributions than RRSPs,

  • Tax-deductible company contributions,

  • Pension upgrade possible upon retirement,

  • Creditor-protected benefits,

  • It is also possible to fund for previous year's pension benefits going back as far as 1991. Funding of these past service benefits can result in significant deductible contributions for the business.

Ideal Candidates:

  • Owners of an incorporated company,

  • Individuals aged 45 or over,

  • People who earn T4 employment income of at least $100,000 from the company sponsoring the IPP.

© 2007

Avantages sociaux iCapital Alliance Benefits

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