Individual Pension Plans (IPP)


An Individual Pension Plan (IPP) is a registered pension plan set up for a single person.

Unlike an RCA, an IPP does have an effect on an employee's ability to contribute into RRSPs.

The employer is responsible for contributions as well as the fees associated with the IPP plan. The fees associated with setting up an IPP can be high, but they are also tax deductible.

There are two basic types of IPPs available:

It should be noted that IPPs are not available for partners or proprietors of a company. In such cases, an RCA may be considered.

Please contact a WPG representative for further information on Individual Pension Plans.