What is an Individual Pension Plan?
An Individual Pension Plan (IPP) is a registered pension plan your corporation sets up for you — and, where it applies, for key employees. Unlike a personal RRSP, an IPP is employer-sponsored: your company makes the contributions, claims the deduction, and the plan grows tax-sheltered toward a predictable retirement income.
For incorporated executives, professionals, and high-earning business owners, that structure can unlock retirement savings well beyond what personal RRSP room allows — while turning business income into long-term security for you and your family.
Because every business is different, Alphaspring Financial takes a tailored approach. We help you evaluate whether an IPP makes sense alongside your broader retirement, tax, and financial strategy — before anything is set up.
IPP vs. RRSP at a glance
Individual Pension Plan
- Funded through your corporation
- Contribution deduction claimed by the business
- Can allow higher limits than RRSP room
- Predictable, defined retirement income
- Built with estate and legacy planning in mind
Standard RRSP
- Funded from personal income
- Capped by your personal RRSP room
- Room often limited for high earners
- Income depends on your accumulated balance
- Personal, not employer-sponsored
Key benefits
Higher contribution limits
An IPP can allow significantly larger tax-sheltered contributions than standard RRSP room — especially as you get closer to retirement.
Corporate tax advantages
Your corporation funds the plan and claims the deduction — converting business income into retirement savings rather than drawing it out personally.
Tailored for professionals & business owners
No cookie-cutter solutions. Every plan is designed around your income, your business, and how you actually want to retire.
Security & legacy
Build predictable retirement income while protecting what you've created for the people who matter most — with estate planning woven in.
Who is it for?
Serving incorporated professionals, business owners, and their advisors across Alberta, Ontario, and Manitoba.
Physicians, dentists & clinic owners
If you practice through a professional corporation, an IPP can help you shelter more than RRSP room allows — with the corporation funding most of it.
Advisors and their incorporated clients
For incorporated CPAs — and for the incorporated business owners you advise — an IPP can be a tax-efficient piece of a broader retirement strategy.
High-earning business owners & executives
If you've built a corporation and want higher tax-advantaged savings, an IPP can turn retained earnings into a more secure retirement.
How it works
Book a consultation
Start with a short, no-obligation introduction — about 20 minutes — to talk through your situation and goals.
We evaluate the fit
We review your incorporation, income, RRSP and TFSA room, and broader retirement and financial strategy to see if an IPP makes sense for you.
Tailored plan & setup
If an IPP is right for you, we design it around your business and help you set it up — alongside insurance and estate planning where relevant.
Knowledgeable, independent guidance
Abidemi Aremu
Principal Consultant, Alphaspring Financial Inc
As a CPA, CGA and FCCA leading a financial consulting and independent insurance brokerage, Abidemi brings expert, tailored guidance to incorporated professionals and business owners. He'll help you evaluate whether an IPP makes sense alongside your broader retirement and financial strategy — with no cookie-cutter solutions.
Ready to see if an IPP fits your business or practice?
Book a short, no-obligation consultation and find out whether an Individual Pension Plan belongs in your retirement strategy.
Book a free 20-minute consultationPrefer to talk first? Call 403-899-7738 or email info@alphaspringfinancial.com.
This page is provided for general information only and does not constitute tax, legal, or investment advice. Individual Pension Plans are subject to eligibility, plan design, and Canada Revenue Agency rules. Speak with a qualified professional about your specific circumstances.
