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Contact one of our partners now
Contact usThe Individual Pension Plan (IPP) is a defined benefit plan for business owners or key employees. More effective than an RRSP, the IPP offers numerous tax advantages, greater flexibility and larger contributions.
At Mallette Actuaries Inc., we have over 25 years of experience in establishing and administering IPPs. We have more than 750 IPPs in force for organisations in all fields and throughout Quebec. Our experts work with our clients to establish IPPs tailored to their needs.
The IPP is generally intended for the owner of a profitable business who owns at least 10% of one of the company's share classes, is ideally 40 years of age and has T4 employment income.
To determine whether an IPP is appropriate, an actuary should be consulted. A simulation will enable you to carry out a cost-benefit analysis and decide whether the IPP is relevant. What's more, the simulation is free of charge!
We invite you to contact us to obtain our IPP leaflet and our questionnaire for a free simulation.
Some of the benefits for the company:
Significant tax savings
Reduction in passive income
Maximisation of the small business deduction (SBD)
No social security charges on contributions
Deductions for plan set-up and administration costs
Some of the benefits for the member :
Company-funded scheme
Predictable retirement income
Contributions in excess of the RRSP contribution limit
Possibility of contributing for years prior to the introduction of the plan
Tax-sheltered savings and returns
Income splitting from age 60
Return guaranteed by the company (7.5%)
No minimum contribution required
Amounts accumulated are not locked in
Flexibility at retirement
Possibility of intergenerational transfer
Assets protected from creditors
Complete, turnkey support
A questionnaire to assess the relevance of setting up an IPP
Analysis and presentation of the strategy free of charge
In-person implementation
Ongoing annual administration and production of actuarial valuations when required
In-service meetings
Pre-retirement analysis
Termination meeting