Understanding theFamily
Pension Plan

The Family Pension Plan (FPP™) is a pension solution for Canadian business owners. It offers greater flexibility and savings potential than other retirement savings methods like RRSPs and Individual Pension Plans (IPPs).

Qualifying for theBenefits of the FPP


The FPP is a combination registered pension plan under section 147.1 of the Income Tax Act (Canada). The Family Pension Plan is a stable, creditor-protected solution that allows Canadian business owners, family enterprises, and incorporated professionals (such as doctors, lawyers, accountants, franchise owners and consultants) to reduce their risk and increase their wealth by enjoying the superior tax advantages of a pension plan

Saving moreWith the FPP


The Family Pension Plan (FPP) offers the immediate benefit of extra allowable contributions, as compared to an RRSP. That benefit becomes increasingly significant as it compounds, but is only one of the many advantages that the Family Pension Plan (FPP) delivers. Find out more about how the FPP fits within your existing retirement savings model.

This table shows permissible contributions by age in the Family Pension Plan (where salary is $151,000 or more)
Age ITI Financial FPP RRSP ☨Extra Contribution
40 $28,501 $26,500 $2,001
45 $31,307 $26,500 $4,807
50 $34,389 $26,500 $7,889
55 $37,775 $26,500 $11,275
60 $41,494 $26,500 $14,994
64 $44,731 $26,500 $18,231

☨Legal Notice: Figures are based on tax laws and actuarial standards in effect as of January 1, 2019, and are for illustrative purposes only. Individuals should consult their professional advisors as to their own circumstances.

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