PPP - Personal Pension Plan

Dr. Yatin Chadha hosts Jean-Pierre Laporte (CEO Integris Pension Management Corp) to discuss the personal pension plan (PPP).This is highly relevant and under discussed material for any incorporated professional/small business owner.Discussion points include:Review of basic IPP (individual pension plan) conceptsPPP account structure (3 accounts)- Defined benefit account (DB)- Defined contribution account (DC)- Additional voluntary contribution account (AVC)Age benefit of PPPs (no need to wait until age 40)- ability to contribute to DC and AVC accounts before age 40Additional tax sheltering advantages compared to IPP- RRSP double dip- flexibility in contributions through DC and AVC accounts- ability to make contributions even when DB account is in surplus- benefit/strategy of holding low yielding investments in the DB account (accruing special payments)- benefits of PPP in wealth transfer/estate planningFiduciary oversight with PPPWhy the PPP is under discussed in personal finance

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