Option 3 - Individual Pension Plan

An IPP is a defined benefit pension plan that enables individuals to have the same high quality pensions as executives in large corporations. Many professionals have used this concept to take advantage of their present value of their pension in a tax effective basis.

Features:

This option enables you to transfer the full commuted value to an executive pension plan tax free. The present value is based on age, salary, years of service and projected interest rate assumptions.

Benefits: 

  • No tax on transfer
  • Full control of your money
  • Your spouse or children will receive 100% of your pension in case of premature death
  • Tailor-made to suit your lifestyle and risk tolerance
  • No need to wind up the plan on retirement
  • Capital preservation
  • Leave an inheritance
  • Creditor Proofing

 

Drawbacks:

  • Some expenses
  • Complexity
  • Market Volatility
  • Owning your own business (incorporation)
  • May lose health and dental benefits

 

Who Should Consider this Option?

  • People approaching their golden years…
  • Who are not quite ready to retire
  • Who want to take control of their pension assets
  • Married and have children or same sex partner
  • Changing occupations

 

For Option 4

Disclaimer: The information contained herein is for ON residents only and does not constitute an offer to sell or solicit sales in any other Canadian or foreign jurisdictions.