[{"data":1,"prerenderedAt":67},["ShallowReactive",2],{"/blog/fact-sheet---terminal-funding":3,"/blog/fact-sheet---terminal-funding-surround":56},{"id":4,"title":5,"body":6,"description":38,"extension":39,"meta":40,"navigation":51,"path":52,"seo":53,"stem":54,"__hash__":55},"blog/blog/fact-sheet---terminal-funding.md","Fact Sheet - Terminal Funding",{"type":7,"value":8,"toc":33},"minimark",[9,18,21,24,27,30],[10,11,12,13,17],"p",{},"When a business owner is selling the business or about to retire, transferring assets can trigger tax consequences. Personal Pension Plans (PPPs) do offer a retiring plan member with a one-­‐time opportunity to upgrade the basic pension promised under the plan with ",[14,15,16],"em",{},"additional benefits",". The most common ancillary benefits include:",[10,19,20],{},"·         Early unreduced pension benefits",[10,22,23],{},"·         CPP bridge payments",[10,25,26],{},"·         Indexing to Consumer Price Index",[10,28,29],{},"These benefits must be funded by the corporation sponsoring the PPP, assuming it has additional cash on hand.  When a corporate sponsor of a PPP makes a one-­‐time contribution to the PPP to settle the cost of the ancillary benefits, it can claim a supplemental tax deduction against its corporate income.",[10,31,32],{},"This process is known as “terminal funding”. It can occur when the member retires, or if the plan itself is terminated prior to retirement.",{"title":34,"searchDepth":35,"depth":36,"links":37},"",1,2,[],"When a business owner is selling the business or about to retire, transferring assets can trigger tax consequences. Personal Pension Plans (PPPs) do offer a retiring plan member with a one-­‐time opportunity to upgrade the basic pension promised under the plan with additional benefits. The most common ancillary benefits include:","md",{"uid":41,"type":42,"date":43,"author":44,"cover_image":45,"cover_image_credit":44,"hide_call_to_action_button":46,"cover_image_css_classes":44,"meta_title":5,"meta_description":47,"original_posted_date":48,"tags":49,"category":50},"fact-sheet---terminal-funding","post","2021-06-04",null,"/uploads/fact-sheet---terminal-funding-cover-image.png",false,"When a business owner is selling the business or about to retire, transferring assets can trigger tax consequences. Personal Pension Plans (PPPs) do offer a retiring plan member with a one-­‐time opportunity to upgrade the basic pension promised under the plan with additional benefits.","2012-06-02",[50],"Pension 101",true,"/blog/fact-sheet-terminal-funding",{"title":5,"description":38},"blog/fact-sheet---terminal-funding","YiyleuJ1mpNNFFHHY4sUfEtTSJYsoGToIfBxFNvaGvY",[57,62],{"title":58,"path":59,"stem":60,"description":61,"children":-1},"Fact Sheet - PPP Contributions","/blog/fact-sheet-ppp-contributions","blog/fact-sheet---ppp-contributions","Contributions made to the INTEGRIS Personal Pension Plan (PPP) as a Registered Pension Plan (RPP) and those made to Registered Retirement Savings Plans (RRSPs) are subject to the maximum limits imposed by the Canada Revenue Agency.",{"title":63,"path":64,"stem":65,"description":66,"children":-1},"Fact Sheet - Understanding the Power of Additional Voluntary Contributions","/blog/fact-sheet-understanding-the-power-of-additional-voluntary-contributions","blog/fact-sheet---understanding-the-power-of-additional-voluntary-contributions","The INTEGRIS Personal Pension Plan is a collection of three distinct subaccounts (defined benefit (“DB”), defined contribution (“DC”) and additional voluntary contributions or “AVC”).",1784314299644]