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Individual Pension Plan

Enhance your retirement benefits, while receiving a larger tax deduction for your corporation

An Individual Pension Plan (IPP) is an employer-sponsored defined benefit pension plan designed to provide enhanced retirement benefits and important tax advantages. Establishing an IPP can be complex, but we make it easy for you to create an IPP that’s right for you or your key employees.

An IPP offers several key benefits, including:

  • May provide higher contributions than permitted by Registered Retirement Savings Plans (RRSPs)
  • IPP investments grow on a tax-deferred basis
  • A wide variety of pension eligible investments are available
  • IPP contributions are tax-deductible to your corporation as the plan sponsor
  • Employer contributions are not considered a taxable benefit for the employee
  • Fees to set up and administer and the IPP are tax deductible by the employer

An IPP could be ideal if you:

  • An incorporated self-employed business owner or professional
  • Between the ages of 40 and 71 with annual T4 income greater than $100,000
  • An employer looking to enhance retirement benefits for a key employee

Regulated by: