Take Advantage of Improved Benefits within theFamily
Pension Plan

By improving on the limited nature of the traditional RRSP as well as the Individual Pension Plan (IPP), the Family Pension Plan can provide greater flexibility, increased tax benefits and higher returns for professionals looking to expand their retirement options.

Shelter More Income

Build a larger retirement nest-egg with a Family Pension Plan (FPP) by increased contribution levels on an annual basis.

Greater Asset Safety

Savings within a pension plan are protected from the claims of trade creditors, with tax-exempt roll-over of existing RRSP assets providing additional protection.

Tax Deduction of Fees

All investment, actuarial, administration and trustee fees related to a FPP can be deducted from corporate income.

Mitigate Market Loss

Ensure full funding of your pension plan – additional tax-deductible contributions are allowed each year to top up an FPP.

Greater compounding power withThe Family Pension Plan

The Family Pension Plan is a Canadian tax-savings solution for business owners and incorporated professionals looking for a better way of saving for their retirement. As compared to an RRSP, an FPP allows up to 60% greater tax-deferred compounding until the individual retires.

Contribution Flexibility
Unlike an RRSP, the combination potential within a FPP allows a switch between Defined Benefit and Defined Contribution components to compensate for fluctuations in the economic climate of a business.
Features ITI Financial Family Pension Plan RRSP
Maximum Annual Contribution Limit $29,126 – $45,711* $27,230**
Flexibility to Choose Contribution Options
(Defined Benefit or Defined Contribution)
Fiduciary Oversight
Broader Investment Options
Robust Creditor Protection **
Tax Deductible Administration & Investment Management Fees
HST 33% Credit Refund
Deduction of Interest on Borrowing
Full Service Administration
Ability to Make Additional Tax Deductible Contributions During Market Volatility

* Increased Contribution levels are dependent on age of plan holder.
** RRSP may be protected by the Insurance Act of Ontario.

Greater Scope for Investments
The FPP provides greater flexibility for investments in a wide range of non-traditional investment vehicles that are otherwise not available inside of an RRSP.