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…
Tag: personal pension plan
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…
Should You Treat Your Business Like a Pension Plan?
Incorporated professionals and business owners no longer have to worry that some Canadians have access to superior pension plans. The Individual Pension Plan (IPP) was developed specifically for business owners and…