Services

Individual Pension Plan

We can provide these additional services through other financial services partners. Please contact an advisor at your Caisse populaire to find out more about the following products.

A defined benefit pension plan for one person.

An attractive option for business owners and senior managers, whose incomes require a greater income tax deferment strategy.

Features

  • The benefit payable at retirement is determined in advance.
  • Allows you to make higher contributions than if you contributed to an RRSP.

Choose one of three strategies:

  • Each year, contribute higher amounts than an RRSP.
  • Once the plan is in place, contribute for past years of service.
  • At retirement, contribute additional amounts available upon retirement to maximize the plan.

Eligibility

  • Participants must be 45 years of age or older.
  • Annual T4 income must be $75,000 or more from an incorporated company taxable under the Income Tax Act.
  • Years of past service are required for participants to be eligible for contributions.