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.
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 – INTEGRIS provides the flexibility to invest in a wide range of non-traditional investment vehicles that are otherwise not available inside of an RRSP.
This table show permissible contributions by age in the Personal Pension Plan (where salary is $151,278 or more):
INTEGRIS Pension Management Corp. is a private Canadian based company that offers peace of mind by providing access to highly experienced actuaries, pension and compliance officers. We have built strong strategic alliances with some of Canada’s highly regulated and well-capitalized companies to offer you the best-in-class service providers.