What Is an IPP?
It is a registered defined benefit pension plan. More specifically, it provides the retiree with a guaranteed income at retirement that's been funded by the corporation; in many cases your own company. The plan must be sponsored and funded by your employer, although the plan member may assist with funding (differs from RRSP, where no employer involvement is required).
It is an effective strategy for lowering the value of a business for sale to partners, children, or third-party buyers. For more advantages, contact AWM.
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