Executive Pension Plans
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For Business Owners, there may be a much better way to save for their retirement than through an RRSP. An EPP or Executive Pension Plan may dramatically increase their retirement savings.
Should I be using an Executive Pension Plan (EPP) for Retirement?
As most of you are aware, many individuals have experienced unfavourable investment returns in recent years. As a result, it is not surprising that many Canadians are worried whether they are putting enough away in their RRSP's for retirement. Under the RRSP rules, the amount an individual, especially a high income earner, can contribute is limited. In addition to how much you have contributed to your RRSP, the rate of return you earn on your investments will determine how much you'll have in your tax-deferred plan when you retire. Therefore, a few years of low-growth or worse, investment losses can be very upsetting.
Fortunately, for some, there is a much better way to save for their retirement than through an RRSP, and it's called an Executive Pension Plan or EPP. Fill out the above form today.
Executive Pension Plans (EPPs) are registered, designed, and defined benefit pension plans which provide maximum tax-deductible contributions towards your savings for retirement. An executive pension plan which is sponsored and funded by your employer, allows the participant to make contributions to his or her own pension plan, and all contributions made towards the plan are tax-deductible by both the employer and employee. Investment earnings on the contributions continue to grow, tax-free, until benefits from the executive pension plan have been paid.
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Pick up the phone today and call 1-877-TEN-STAR to get started!