R.R.S.P. vs IPP (Individual Pension Plan)
The maximum RRSP contribution is the lesser of 18%
of the previous years earned income or:
| Example of Male age 57 | ||
| Year | RRSP maximum | Maximum Annual IPP Deposits |
| 2009 | (no past service permitted) | 107,979 (For Past Service) |
| 2009 | 19,000 | 29,012 |
| 2010 | 20,034 | 31,188 |
| 2011 | 21,136 | 33,537 |
| 2012 | 22,299 | 36,052 |
| 2013 | 23,525 | 38,745 |
| 2015 | 24,819 | 41,651 |
| Total @ 7.5% | 548,043 | 864,430 |
- For IPP maximums at all ages please complete the questionnaire below
- Annual Current Service contributions will be be higher than the current RRSP maximums
- The initial Past Service contribution may be significant
Members of employer sponsored pension plans or deferred profit sharing plans will have their allowable RRSP contribution room reduced by an equal amount to the value of the benefit earned under these plans in the previous year. This is known as the "Pension adjustment" amount (or PA).
Questionnaire for Quotation of Individual Pension Plan (IPP)
- IPP Questionnaire and print then fax or mail questionnaire.
- Fill out the Online Form
RRSP or RRIF Withholding Tax Calculation
Withholding tax is applied on the portion of withdrawals in excess of the minimum payment as listed below:
10% for amounts up to $5,000;
20% for amounts $5000.01 to $15,000;
30% for amounts over $15,000.
Some Other Examples of IPP's at different ages shown below.
IPP vs RRSP to 2009.pdf 
