At WHITEMONT, we provide a complimentary assessment to determine if an IPP is the right fit for business owners who hold more than a 10% stake.
Our flourishing solution, marked by transparency, personalized insights, and customization, offers you a plethora of benefits such as:
From age 40, IPP contributions surpass those of RRSPs, augmenting your retirement pension.
The IPP compensates for years you might've prioritized business investments over retirement savings, recognizing service since 1990.
Corporate contributions to the IPP and related fees are tax-deductible. If contributions are financed, the loan's cost is also deductible.
If returns dip below the 7.5% annual assumption, the company can offset the deficit, with these contributions being tax-deductible for the firm.
Post-retirement, your company can make additional tax-deductible contributions.
If returns dip below the 7.5% annual assumption, the company can offset the deficit, with these contributions being tax-deductible for the firm.
The IPP can purify shareholder equity, aiding in a future sale and potentially keeping corporate tax within the Small Business Deduction (SBD) bracket.
Share benefits between spouses anytime.
IPPs offer an avenue to pass wealth to future generations and use fund surpluses for spousal and children benefits.
IPP assets are shielded from most creditors, a feature not universally applicable to RRSPs.
