Anna Granic from CFIB asking questions about how business owners can use pension laws to their advantage.
In this Canadian Federation of Independent Business (CFIB) Q&A, Anna Granic asks JP Laporte how incorporated small business owners can use the same pension rules as large employers. They cover the tax deductions a PPP® offers compared with an RRSP, the wider range of investments a pension plan can hold, what happens to plan assets when children are plan members, and Ontario’s 2020 change allowing plans for owners and their families to be exempted from the Pension Benefits Act.
Recorded in 2021; figures mentioned in the video reflect that year.
75% of small business owners save less than $100k for retirement - a potential retirement crisis for Canada. Gord Martineau talks about how an Integris PPP can help
Article No. 3 for the Greater Vancouver Real Estate Board, this one on the concept of the RRSP double-dip
The third article in the Greater Vancouver Real Estate Board series explains the "RRSP double dip": in the first year of a new pension plan, members can contribute to both their existing RRSP room and the plan itself. The original member-news posting is no longer online. To learn how the double dip works, contact INTEGRIS.