Category: Strategies For Life

(IPP) Individual Pension Plan

Business Owners Should Consider an Individual Pension Plan (IPP) What is an IPP? A difference between an IPP vs. an RRSP is essential for business owners. In this article, I’ll explain the pros and cons of each and provide context for choosing between them. An IPP (individual pension plan) is a lesser known but highly-attractive vehicle for…

Prescribed Life Annuities

Tax-efficient retirement income Taxation is an important consideration when planning your retirement income, and using a prescribed life annuity is one of the best ways to generate tax-efficient income.     When a life annuity is purchased, the owner receives regular income payments which are comprised of capital and interest income. How the interest income…

Life Plan – 1

So, what is a Life Plan? One can equate a life plan to a “Float Plan” for someone who plans to take his yacht and sail the “Loop” [Say from Toronto, up the Great Lakes to Chicago down to the Mississippi River, to The Gulf of Mexico, around The Florida Keys and up the east…