Using a Personal Pension Plan (“PPP®”) as a tax planning strategy

Few business owners in Canada fully appreciate the various beneficial tax consequences of using a registered pension plan such as a Personal Pension Plan (“PPP®”) to save for retirement over other better-known tools like TFSAs and RRSPs.

For example, while an RRSP saver cannot do any of these, a PPP® client can:

·       Double the amount of tax assistance granted under the Income Tax Act over one’s career

·       Claim deductions for investment management fees

·       Collect the HST pension entity rebate

·       Make tax deductible contributions if markets suffer a correction

·       Benefit from pension income splitting 15 years before an RRSP/RRIF client

·       Enjoy the highest level of creditor protection in Canada

·       Invest in non-RRSP eligible asset classes such as units of limited partnerships

·       Pass wealth on death to family business members without the deemed disposition

Knowing your rights as a taxpayer and what pension legislation can do for business owners is vital, especially once governments stop spending and look for new sources of taxes in the future.

Contact us at MP Group to learn more or contact  

To learn more on how to structure a Personal Pension Plan, please contact a specialist below:

INTEGRIS Pension Management Corp.
Jean-Pierre Laporte
E:  jp.laporte@integris-mgt.com

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