Plans to keep both bosses and workers happy There are flexible alternatives to conventional pension plans for both employers and employees. For employers, offering a Group Registered Retirement Savings Plan (RRSP) as a benefit can be more attractive to potential...
IPPs must follow pension rules If you are a business owner or executive, or an incorporated professional (physician, dentist, lawyer, accountant, and so on), and you’re looking to enhance your retirement savings, you might think about setting up an Individual...
Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. This month, Money Makeover takes a look at Charlotte, a single public relations professional in her mid-forties who is planning on retiring in 20 years. She says she...
Individual Pension Plans a tax-efficient retirement savings tool Given the current effort by the federal government to clamp down on some of the income “splitting and sprinkling” tax benefits of Canadian-Controlled Private Corporations (CCPCs), there’s definitely a...
Individual pension plans ideal for professionals, executives, business owners If you’re a high-bracket professional, executive, or businessperson, and you’ve maxed out your RRSP, you may be surprised to learn that there are other tax-efficient retirement plans...