The Individual Pension Plan
An Individual Pension Plan (“IPP”) is an employer sponsored defined benefit pension plan.
The object of the IPP is to fund the maximum lifetime pension benefit permitted under the Income Tax Act (Canada).
The IPP is an excellent tool for the executive, incorporated professional or small business owner who wants more retirement savings than is available through an RRSP.
Completing the IPP Data Form
Finding out how much you can benefit from an IPP will require accurate data. Outlined below is an explanation of the terms and requirements.
Should you have any questions, or require additional information, please contact our office.