What is a Personal Pension Plan®?
It is a Canadian tax-savings solution for business owners and incorporated professionals looking for a better way of saving for their retirement. As compared to an RRSP, the pension solution allows up to 60% greater tax-deferred compounding until the individual retires.
What are the advantages of a PPP®?
Shelter More Income – The ability to build a larger retirement nest-egg by increased contribution levels on an annual basis.
Safety of Your Assets – Your savings within a pension plan are protected from the claims of trade creditors and furthermore, we offer tax-exempt roll-over of existing RRSP assets which will provide further protection of all registered assets.
Tax Deduction of Fees – The ability to deduct all investment, actuarial, administration and trustee fees related to your account from corporate income.
Mitigating Market Losses – The Pension Plan allows the sponsor to make additional tax-deductible contributions each year to top up your account if investments return less than 7.5% to ensure full funding of your pension plan.
Contribution Flexibility- We offer a combination plan that allows you to switch between Defined Benefit and Defined Contribution components to allow for changes in the economic climate of the business.
Greater Scope for Investments – this plan provides the flexibility to invest in a wide range of non-traditional investment vehicles that are otherwise not available inside of an RRSP.
Who is Integris Pension Plan Management Corp.?
Offers incorporated business professionals the most tax-effective way of saving for the future.
Integris acts as a fiduciary between government and regulated companies in Canada to provide its clients with a high caliber Personal Pension Plan.
While Integris does not invest assets, it designs and implements pension strategies tailored to the individual ’s needs and maintains the plan’s compliant status over the lifetime of the client.
Comparison of Personal Pension Plan® (by Integris) vs traditional RRSP
*Increased contribution levels are dependent on age of plan member.
**RRSP may be protected by Provincial legislation.
How much more can be saved in a PPP®?
^Legal Notice: Figures are based on tax laws and actuarial standards in effect as of January 1, 2020,and are for illustrative purposes only. Individuals should consult their professional advisors as to their own circumstances.
These examples illustrate:
Potential additional deductions from corporate income tax:
A 1″ fee on assets under management of $200,000 would generate an annual $2,000 corporate tax deduction.
Market loss example:
If assets in a plan do not grow as expected additional corporate deductions are permissible.
Freeborn Financial has chosen to be a partner of Integris Pension Management Corporation because:
- Integris is the founder of the Personal Pension Plan that has been adopted by Canada Revenue Agency
- Integris has over 100 years of combined experience in the pension administrative area
- Small business managers will receive an immediate value-added service
- A contribution to a pension can be achieved along with a reduction in income tax payable by the corporation controlled by the small business owner
Personal Pension Plan Overview Video
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