Individual Pension Plan (IPP) Checklist — Chamberlain Experior Group

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Corporate & Ownership Eligibility

Are you a shareholder of a Private Corporation, and over the age of 40?

Yes No

Are you a shareholder with at least 10% of the issued shares of the Private Corporation?

Yes No

Are there other shareholders who hold shares in the Private Corporation?

Yes No

Do you have an employee/employer relationship with the Private Corporation?

Yes No

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Compensation & Income

Have you been using salary as the compensation model for at least some of your income?

Yes No

Do you have a stable salary income of at least $75,000 a year?

Yes No

Does the Private Corporation have excess cash available?

Yes No

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Tax & Investment Considerations

Are you concerned or affected by the passive investment rules that can reduce access to the small business tax rate?

Yes No

Does the Private Corporation contribute or has contributed to a DPSP in your name?

Yes No

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RRSP & Retirement Savings History

Have you maximized your RRSP contributions over the years?

Yes No

Have you accumulated years of service prior to implementation of the strategy entitling contributions?

Yes No

Is the total accumulated amount of your RRSP readily available for transfer into an IPP?

Yes No

Do you want to increase your Retirement Savings?

Yes No

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Plan Goals & Benefits

Do you want the Private Corporation to contribute to your retirement, where such contributions are deductible to the Corporation?

Yes No

Do you want a plan that is flexible and that can be adapted to your future needs?

Yes No

Do you want a plan that is eligible for Pension Income splitting?

Yes No

Do you want a plan that has the potential to be creditor protected?

Yes No

This information should not be relied upon as investment, tax or legal advice, as each client's situation is different. Please consult a legal or tax professional. This checklist is provided for informational purposes only by Chamberlain Experior Group — Experior Financial Group. Jim Chamberlain PFP, CEA, CSC | Unit 195, 3015 5 Ave NE, Calgary AB T2A 6T8 | 587.952.2466 | chamberlainexperiorgroup.com