Individual Pension Plans are the most tax effective registered retirement arrangement permissible under tax legislation.
Ideally suited for business owners, incorporated professionals, and highly compensated employees, Individual Pension Plans (IPPs) allow for the tax-sheltering and accumulation of more registered assets through higher employer contributions than any other retirement vehicle available. Not only do IPPs generate fiscally sound retirement savings and income, they provide significant tax advantages for employers making contributions. In addition, unlike a Registered Retirement Savings Plan (RRSP), the contribution room available increases with age: the older the member, the higher the contribution room. This means that more company capital can be contributed tax-deductible and more funds being saved for retirement.
