One of the reasons you likely went into business for yourself is that you prefer to be in control of your own financial future. As the owner of a Canadian…
Category: Individual Pension Plan
Retirement Savings for Business Owners Part Two: The Individual Pension Plan
If you haven’t already thought about starting a Individual Pension Plan (IPP), they’re worth looking into. The IPP is a registered plan for business (CCPC) owners and incorporated professionals such…
Individual Pension Plans
What is an individual pension plan? The individual pension plan (IPP) is a corporate sponsored registered pension plan. IPPs were created to allow individuals or small groups of people to…
Pension Splitting
What is pension splitting? Pension splitting is a tax-reduction strategy in which a spouse with pension income (referred to as the transferring spouse) elects to allocate, for income tax purposes,…
Globe & Mail video: Why do the CPP's investments look nothing like my RRSP?
Watch Rob Carrick speak with president and CEO of the CPP Investment Board about their diversified investments.
Can IPP plan members take a $48,730 Personal Tax Deduction in 2015?
YES. If your T4 income (salary/bonus) is at least $140,000 you can contribute $24,930 to an RRSP. If you become an IPP plan member in the same year, and start…