Tax Talk Podcast
A monthly podcast with a wide range of guests focused on helping Canadian small business owners make decisions surrounding incorporation, growing their business efficiently, and implementing successful succession, estate planning & tax planning strategies.
Tax Talk Podcast
Maximize Tax Savings with an IPP: A Smart Strategy for Small Business Owners Over 40
You’ve spent years growing your company and building financial security. But are you maximizing your retirement savings? If you're over 40, an Individual Pension Plan (IPP) could be a smart strategy to help you secure your financial legacy while reducing your business taxes.
In this episode, we are joined by Kit Richmond from MacDougall Wealth Management Group. We’ll break down what an IPP is, how it compares to an RRSP, and whether it’s the right choice for you.
Kit Richmond
MacDougall Wealth Management Group
National Bank Financial
403-754-1056
christopher.richmond@nbc.ca
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00:00 Intro
00:47 Overview of episode
01:48 What is an IPP?
02:25 Setting up an IPP
05:22 The ideal IPP candidate
17:29 Funding an IPP
25:06 Investment limitations
31:26 After retirement
42:22 Wrapping it all up
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