Administered by Government of Canada · Last verified: July 2026
Tax-deferred retirement plan that lets incorporated business owners contribute far more than an RRSP. Especially powerful for owners over 40 with steady T4 income.
You claim this on your tax return, so the money comes back as a lower tax bill or a refund after you file. If you missed it in a past year, you can often still recover it by adjusting a prior return.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityIndividual Pension Plan (IPP) for Owner-Managers is generally open to incorporated businesses, in any province or territory. Confirm the full criteria on the official program page before applying.
The estimated value is $10K to $40K+ extra annual deductions vs RRSP. The actual amount depends on your eligible costs, the program's budget, and approval.
Claimed on a return, so a missed year can usually be recovered by amending. How far back depends on whether you file personally or as a corporation; confirm the eligible years with your accountant.
1. Consult an IPP specialist actuary 2. Set up the plan and register with CRA 3. Contribute via the corporation 4. Deduct contributions corporately
Annual: contribution deadline tied to fiscal year.