Individual & Personal Pension Plans
IPP & PPP
Tax-Efficient Retirement Solutions for Incorporated Professionals
At ShariaPortfolio Canada, we help incorporated professionals and business owners build wealth for retirement through Sharia-compliant pension strategies. Our Individual Pension Plan (IPP) and Personal Pension Plan (PPP) solutions offer a tax-efficient and structured way to grow retirement assets without compromising your values.
What is an IPP (Individual Pension Plan)?
An Individual Pension Plan (IPP) is a defined benefit plan typically built for one person, usually a business owner or executive.
It provides retirement income and allows for larger tax-deferred contributions than an RRSP, if the member is over the age of 40.
An IPP is ideal for professionals with consistent corporate income who want stability, tax efficiency, and creditor protection.
A Personal Pension Plan (PPP®) is a CRA-approved retirement solution designed for incorporated professionals and business owners. It offers a hybrid of:
📊 Defined Benefit (DB)
📈 Defined Contribution (DC)
➕ Additional Voluntary Contributions (AVC)
This structure allows for higher annual contributions, increased tax deductions, corporate tax savings, and greater long-term retirement income, especially as you age.
Higher Contribution Limits Than RRSPs
As you age, you can contribute significantly more than you could with an RRSP, helping accelerate retirement savings.
Sharia-Compliant Investment Management
Your pension assets are managed according to Islamic principles - no interest, no unethical industries.
Intergenerational Wealth Transfer
Include your spouse or children in your pension without triggering a massive tax bill when you pass away.
Corporate Tax Deductions
All contributions, fees and plan expenses are tax-deductible for your corporation.
Creditor Protection
Assets in the IPP/PPP® are protected from creditors, offering peace of mind for business owners.
Structured Retirement Income
A predictable, tax-efficient income stream in retirement, with options for estate planning and intergenerational wealth transfer.
Retirement Compensation Arrangement
An RCA is the ultimate retirement top-up: high limits, tax advantages, supplemental pension income and investment freedom.
RRSP Transfer
RRSPs can be transferred into an IPP/PPP, we can help you integrate your retirement planning strategy across both types of accounts to ensure alignment with your financial goals and faith-based values.
Past Service Buy Back
If you’ve been incorporated and receiving T4 income in previous years, you can “buy back” those years of service. This lets you make a large one-time contribution to your pension plan for those past years, significantly increasing your total contributions and boosting your retirement savings.
- Incorporated professionals (e.g. doctors, dentists, consultants)
- Business owners and executives who earn a T4 income
- Individuals who have maximized their RRSPs
Our Role
ShariaPortfolio Canada works alongside pension actuaries and tax professionals to ensure your plan is structured and administered properly. We focus on managing the investment portion in full compliance with Islamic values, giving you peace of mind while growing your retirement assets.
Ready to Explore an IPP or PPP®?
Frequently Asked Questions (FAQ)
Unlike an RRSP, an IPP or PPP allows for higher contribution limits as you age, provides corporate tax deductions, and includes additional retirement and financial planning features. It’s also considered a more structured and stable retirement income strategy.
Yes. At ShariaPortfolio Canada, we manage the investment portion of your IPP or PPP using portfolios that meet strict Islamic investment guidelines – avoiding interest, excessive risk, and non-compliant sectors.
We work closely with Integris Pension Management, a trusted partner in pension plan design and compliance. Integris handles the actuarial calculations and administration, while ShariaPortfolio focuses on portfolio construction and investment management in accordance with Islamic values.
You can start with a complimentary consultation. We’ll assess your eligibility, explain the steps, and coordinate with Integris to get everything set up.
👉 Book a meeting
The information contained herein is for general information purposes only and is not tax or financial planning advise specific to the reader’s circumstance. Readers should consult with their tax advisor or financial planner regarding its application to their personal circumstance. The information (including tax related information is accurate as at the date of publication and may be subject to change. ShariaPortfolio Canada Inc. does not undertake to advise the reader of any such changes.
