The IPP Explained: Why Business Owners Are Replacing RRSPs With THIS
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⭐️⭐️ The IPP Explained: Why Business Owners Are Replacing RRSPs With THIS
Individual Pension Plans (IPPs) are one of the most powerful retirement tools available to Canadian business owners, yet most people have never heard of them.
In this video, we break down how an IPP works, who it's best for, and why many high-income professionals use them instead of traditional RRSPs.
If you're a business owner, incorporated professional, or earning a high income in Canada, understanding IPPs could significantly improve your retirement strategy.
What you'll learn:
• What an Individual Pension Plan (IPP) is
• How IPPs compare to RRSPs
• Why high-income professionals often prefer them
• Tax advantages of an IPP
• Who qualifies for an IPP in Canada
• When it makes sense to set one up
CHAPTERS:
00:00 - Why This Matters
00:35 - Part 1: What is an IPP?
01:36 - Part 2: Who Does an IPP Make Sense For?
03:02 - Part 3: The Pros & Cons
04:06 - Misconceptions
04:45 - When Does it NOT Make Sense?
05:47 - What Are Your Next Steps?
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