Re-examining pension plans for professionals with Jason Pereira

Today I'm thrilled to welcome Jason Pereira, award winning financial planner to the show to re-explore pension plans for professionals. The focus is on the IPP, the individual pension plan. Discussion Points:- Individual Pension Plan (IPP) overview (2:40)- Jason's background (5:25)- key definitions - defined benefit (DB) & defined contribution (DC) pensions (6:10)- how is the DB of an IPP calculated? (7:18)- When to start an IPP? Thoughts on waiting longer & reducing fees (11:20)- Who is the ideal candidate for an IPP? (14:08)- Is there an income threshold below which an IPP makes no sense? (16:25)- Is there a ceiling to the DB? (18:05)- Jason's thoughts on the RCA (21:02)- IPP vs PPP (26:00)- Does is make sense to place conservative assets inside the DB component? (30:33)- Is the contribution amount similar across different pension types? (32:28)- Navigating the pension landscape (32:50)- IPP vs RRSP & Spousal RRSP (34:30)- IPP vs investing in a corporation with new cap gains rules (35:15))- Common mistakes professionals & business owners are making (37:45)- Improvements upcoming to financial planning in Canada (42:26))- The most valuable lesson Jason has learned (50:00)Yatin:[email protected]://www.linkedin.com/in/yatin-chadha-29074b109/Jason:https://jasonpereira.ca/https://jasonpereira.ca/financial-planning-for-canadian-business-owners-podcast-jason-pereirahttps://www.linkedin.com/in/pereirajm/

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