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Individual Pension Plan (IPP) and the Québec Pension Plan (QPP)
Expert speaker Nathalie Bachand, financial planner, highlights the advantages and disadvantages of the Individual Pension Plan (IPP), a defined benefit pension plan. The Individual Pension Plan was created for SME shareholders while sharing similarities with plans offered in large corporations. She notes that the plan is mainly intended for individuals aged 40 and over. Contributions to an IPP vary according to age. She considers it to be an interesting component of financial planning. Among its advantages is the possibility of accumulating additional tax-sheltered amounts compared to an RRSP, without an annual contribution ceiling like the RRSP, which is set at $25,000. In addition, the Individual Pension Plan is funded by the corporation, which must be financially healthy.
In this detailed conference, Ms. Bachand provides several recommendations to optimize the use of Individual Pension Plans, making it a valuable source of informed advice for those wishing to better guide their clients in this area.
In the second part, Ms. Bachand discusses various aspects of the Québec Pension Plan (QPP), which was established in 1966 and has undergone several modifications over time. The latest changes date back to 2012. The speaker explains the basic rules of this public plan, particularly its calculation methodology. She also offers several recommendations for clients, who generally wonder at what age it is preferable to apply for the Québec Pension Plan (QPP).
Following this conference, you will be able to understand the basic rules of an Individual Pension Plan, its calculation methodology, its advantages and disadvantages, as well as the type of clientele that may benefit from it.
$99.00
Introduction (Part 1)
Basic Rules
Stakeholders and Their Roles
Events – Sale – Retirement – Death
Conclusion
Introduction (Part 2)
Brief Review of QPP Rules
Ideal Age: When to Start Receiving Payments
Conclusion
- Instructor(s)
- Mrs. Nathalie Bachand
- length
- 75 minutes
- Producer(s)
- Miiro
Expert speaker Nathalie Bachand, financial planner, highlights the advantages and disadvantages of the Individual Pension Plan (IPP), a defined benefit pension plan. The Individual Pension Plan was created for SME shareholders while sharing similarities with plans offered in large corporations. She notes that the plan is mainly intended for individuals aged 40 and over. Contributions to an IPP vary according to age. She considers it to be an interesting component of financial planning. Among its advantages is the possibility of accumulating additional tax-sheltered amounts compared to an RRSP, without an annual contribution ceiling like the RRSP, which is set at $25,000. In addition, the Individual Pension Plan is funded by the corporation, which must be financially healthy.
In this detailed conference, Ms. Bachand provides several recommendations to optimize the use of Individual Pension Plans, making it a valuable source of informed advice for those wishing to better guide their clients in this area.
In the second part, Ms. Bachand discusses various aspects of the Québec Pension Plan (QPP), which was established in 1966 and has undergone several modifications over time. The latest changes date back to 2012. The speaker explains the basic rules of this public plan, particularly its calculation methodology. She also offers several recommendations for clients, who generally wonder at what age it is preferable to apply for the Québec Pension Plan (QPP).
Following this conference, you will be able to understand the basic rules of an Individual Pension Plan, its calculation methodology, its advantages and disadvantages, as well as the type of clientele that may benefit from it.