For business owners and incorporated individuals over the age of 40, an IPP is an ideal retirement vehicle.

An individual pension plan allows for much larger employer deductible contribution amounts when compared to an RRSP and allows for funding of previous year’s pension benefits, going back as far as 1991.

Past service benefits can result in significant tax-deductible contributions for the employer, and include creditor protection for the plan.

Ideal as a succession tool for owners, successors and their heirs.