Individual Pension Plans provide exclusive retirement contribution options for corporate executives who have served their companies for a long time. These plans allow executives to contribute based on their years of service before the plan was established. Additionally, at retirement, IPP plans can be adjusted to provide better benefits, such as early retirement pension without penalties.

For business owners, there's an added incentive as every contribution made to IPP plans by your company is tax deductible. This includes associated portfolio management fees, set-up fees, and other maintenance costs. By preparing for the future through your business, you can effectively minimize taxable income.