There are few opportunities for business owners to optimize their retirement savings and minimize their company's taxable income. An individual pension plan (IPP) may be a good option to do this.
An individual pension plan is a registered pension plan for incorporated business owners, with the following advantages:
§ Diversify retirement strategy
§ Substantially increase retirement savings vs RRSP
§ Attain a planned capital accumulation for retirement
§ Significant corporate tax deductions
§ Deductible investment management fees
§ Exemption from seizure
§ Estate planning
§ Facilitate sale of the business
Contact us today to find out how RBC Dominion Securities’ Bordeleau Groupe-Conseil can help you.
