Income Tax Act s.146 (RRSP), s.147.1 (Registered Pension Plans) If you are an incorporated professional or owner-manager, you have likely asked: Should I contribute to an RRSP — or establish an Individual Pension Plan (IPP)? Both are registered retirement vehicles…
Introduction: Employer Pension Plans—A Foundation for Canadian Retirement Imagine this: Emily, a 42-year-old manager at a mid-sized company, has been diligently saving for retirement. She contributes to her employer’s pension plan but often wonders, "Is this enough? Should I be…
Introduction: An Individual Pension Plan (IPP) is an increasingly popular retirement vehicle, particularly for owners of private corporations. Its appeal lies in offering retirement benefits akin to those enjoyed by government employees and larger organizations. However, it's crucial to understand…