An Individual Pension Plan (IPP) is an employer-sponsored defined benefit pension plan designed to provide maximum retirement benefits and tax-sheltered contributions.
Establishing an Individual Pension Plan can be very complex. RBC Dominion Securities can help simplify the process by creating an IPP thats right for you or your companys key employees.
Key Features and Benefits of an RBC Dominion Securities IPP
- May provide higher contributions than permitted by Registered Retirement Savings Plans (RSPs)
- May permit lump-sum contributions can be made for past service back to 1991
- All IPP contributions are tax-deductible to the employer
- IPP investments grow on a tax-deferred basis
- Employer contributions are not considered a taxable benefit for the employee
- A wide variety of pension eligible investments are available
- A spouse may participate if also an employee of the same company
- Fees to set up and administer the IPP are tax deductible by the employer
- Actuarial services are provided by Buck Consultants, an ACS company, North America's oldest actuarial firm
An RBC Dominion Securities IPP could be ideal if you:
- Are an incorporated, self-employed business owner or professional and you want to boost your retirement savings
- Are between the ages of 40 and 71 with annual T4 income in excess of $100,000
- Are an employer looking to enhance retirement benefits for a key employee
