Individual Pension Plans (IPPs)

The Individual Pension Plan (IPP) is a defined benefit plan that was created for Owners or Key Executives of a Corporation.

Ongoing contributions to the plan will depend on the following:

• Age
• Earnings
• Length of time employed

Contributions on behalf of the Owner / Executive are tax deductible to the Corporation. The Owner / Executive will eventually pay taxes when the funds are withdrawn during retirement, similar to an RRSP.