beyond MD with Dr. Yatin Chadha
Financial literacy is not emphasized enough for professionals during training, leaving many unprepared as they begin their careers. The topics covered in beyond MD apply to all professionals, including medical students/residents and practicing physicians. This podcast is led by radiologist Dr. Yatin Chadha and guided by expert analysis. Each episode, Yatin interviews accountants, lawyers, brokers, and advisors to heighten awareness on important topics, such as professional corporations, holding companies, trusts, estate planning, insurance policies, mortgages, real estate, and investing. It's time to take your financial knowledge base to the next level so you can get ahead outside of the workplace. Please send questions and topics of interest to beyondmdpodcast@gmail.com
beyond MD with Dr. Yatin Chadha
The Individual Pension Plan (IPP)
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Yatin Chadha
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Season 1
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Episode 9
Dr. Yatin Chadha hosts Jean-Pierre Laporte, BA, MA, LLB, RWM, CEO at Integris Pension Management Corp to discuss Individual Pension Plans (IPP)
This is an under-discussed topic in personal finance and is highly relevant to all incorporated professionals.
The discussion includes:
General
- overview
- eligibility, ideal candidate
Funding and Tax Advantages
- work around for passive income rules
- increased contribution room relative to RRSP
- tax deduction for investment management fees
- access to additional investment instruments
- special payments
- terminal funding
- income splitting
- rolling over the RRSP into IPP
Limitations
- age
- cost
- diversification rules