The Individual Pension Plan (IPP) is a retirement savings vehicle purpose-built for business owners and incorporated professionals. For the right business owner, the IPP is a credible alternative to an RRSP as it permits potentially higher annual contributions that are tax deductible to the business owner’s corporation (see section 8515(5) of the Income Tax Regulation 8515). An IPP allows you to build up more retirement capital over time through a tax-deferred, creditor-proof investment account that is outside the business. Upon retirement, your IPP will provide you with regular pension income.

IPPs have many features and benefits that should be considered before setting one up. IPPs are core to our wealth management practice at Newport Private Wealth and we have created this website to provide information for business owners and their tax advisors to better understand IPPs.

If you haven't looked at IPPs in awhile, it may be time to look again. Please contact us directly with your questions.

Click here to obtain an IPP quote.

  • Tax savings
  • More capital for retirement
  • Tax deductibility of investment management fees
  • Reduced concentration of risk
  • Defined pension income at retirement
  • Tax savings in the year of the sale of the business


    How much could you save for retirement? Click here for a no cost, no obligation assessment.

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  • Financial Post Article

    Pension plan a way to ease RRSP losses in 2008. Some other options to consider.

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  • January 31, 2011

    RRSPs vs. IPPs
    A look at the similarities and differences between these two retirement savings plans.

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  • August 14, 2010

    Globe & Mail Article
    Doctor needs estate-planning prescription by Andrew Allentuck

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  • October 26, 2009

    Retirement advantage: Company-funded plan beats RRSP on savings, Financial Post Article by Rick Spence.

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