Individual Pension Plans (IPP)

If you are an incorporated physician over age 40, an IPP has significant benefits over investing in a regular RSP.

IPPs are recognized as an alternative to an RSP for employees of a corporation. IPP’s are approved by Revenue Canada and can be setup for one or a group of employees. Contributions are tax deductible by the employer and are a non taxable benefit to the employee. IPP’s can only be setup by active business corporations, not holding companies and the plan member (employee) must be a Canadian resident and pay Canadian taxes.

If you want to consider an IPP or simply analyze the benefits vs your RSP, please feel free to connect with us and one of our IPP specialists will setup some time to see you.