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