Individual Pension Plan (IPP): What is it?
In its simplest form, the IPP is an individual pension plan. For entrepreneurs, this will be to take money from your company and transfer it to a so-called defined benefit pension fund.
That being said, to have a defined benefit pension, the government calculates a specific return ratio. Years when you have not reached this level of return in your business will create a certain place in your RRSP for contribution purposes. More details in video.
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