We have been informed that B2B Trust, a subsidiary of the Laurentian Bank group of companies, has decided that effective December 31, 2016, they would cease to act as corporate trustees and custodians of Individual Pension Plans (“IPPs”) and by extension, Personal Pension Plans.

In the past year, we have experienced a surge of interest in the PPP®, especially given the introduction of the "Morneau tax measures". Our staff has been working hard with advisors to onboard these plans and we are very grateful to all of you who offer the INTEGRIS PPP®to your clients.

The subject of retirement is an emotional one. It involves decisions about how people will spend up to one-third of their life, how much money they will need to fund that period, and the best way of saving to enable them to do so in reasonable comfort. It’s also a relatively new experience for humanity. One of the most striking questions that experts on the subject pose in presentations is “what the average US life expectancy was when the US introduced social security for everyone over the age of 65 in 1936?”

In its newest newsletter, CRA imposes some additional conditions on IPPs that often try to emulate the Personal Pension Plan ("PPP") but for abusive tax reasons. We totally agree with CRA in imposing these conditions.

Ever been hip checked? Wakes you up, doesn’t it? (For those who have never had the experience, ask someone to give you one. You’ll quickly understand what I mean).

Periodically, INTEGRIS features articles from individuals who provide insights into financial matters.  This week, we have a time-sensitive article about Long Term Care Insurance, something that isn’t always well-known or understood.  This particular article is time-sensitive since it speaks of a June 24thcut-off date to acquire a ‘grandfathered’ policy.   The views of the article below are not necessarily those of INTEGRIS and any questions should be addressed to the author, Ms. Robyn H. Latchman, CFP, CLU, EPC.

One of the advantages of setting up a new pension plan is that it allows a plan member, with the consent of the employer, to create a pension entitlement for prior years. Such a member might have missed out on years of contributions when the plan was not yet established and can now purchase past service under the newly set up pension plan. These extra contributions are added to the plan and are tax deductible to the corporation.

The tax-deductible contributions that can be made to an individual pension plan (or under the defined benefit component of a personal pension plan) depend, in part, on whether the pension plan is considered a designated plan or not.

There are some misconceptions on whether RRSPs are creditor protected. So, let's set the record straight. In some Canadian provinces such as Alberta, Ontario, Quebec, New Brunswick and Nova Scotia, RRSP assets are not protected from the claims of creditors unless they are held under an insurance contract issued by a life insurer and there is a designated beneficiary on record with the insurer.

Owners of Canadian Controlled Private Corporations (“CCPC”) have more choices than employees in terms of how to get compensated. The easiest method is through salaries and bonuses. Like all other salaried Canadians, the owner will have to pay taxes on their personal income at graduated income tax brackets.

Since July 2010, the Canada Revenue Agency (CRA) has adopted a new program to refund GST/HST paid by pension plan administrators on services related to the running of a registered pension plan. This program is not applicable to RRSP annuitants.

Legally, in order to transfer an established IPP from its current provider to an INTEGRIS PPP, the steps will depend on the platform (insurance or trust) on which the pension plan is established and the platform to which it will be moving. Generally, where an IPP moves from a trust platform to a PPP structured on a trust platform, the following steps must occur:

Normally, a private corporation in Ontario earning less than $500,000 will be taxed favorably under the Small Business Deduction rate of 15.5%. This rate compares well against the top marginal tax rates paid by individuals receiving salaries and bonuses.

Contributions made to the INTEGRIS Personal Pension Plan (PPP) as a Registered Pension Plan (RPP) and those made to Registered Retirement Savings Plans (RRSPs) are subject to the maximum limits imposed by the Canada Revenue Agency.

When a business owner is selling the business or about to retire, transferring assets can trigger tax consequences. Personal Pension Plans (PPPs) do offer a retiring plan member with a one-­‐time opportunity to upgrade the basic pension promised under the plan with additional benefits. The most common ancillary benefits include:

The INTEGRIS Personal Pension Plan is a collection of three distinct subaccounts (defined benefit (“DB”), defined contribution (“DC”) and additional voluntary contributions or “AVC”).

Let us take a  45‐year old owner/operator drawing  $140,000  per annum in salary and contributing the maximum under either an RRSP or Personal Pension Plan.

Ensuring a secure source of income in retirement is an important goal. While many options exist within the financial services landscape, it is difficult to know whether service providers retained are bound to act in your best interest or whether the general rule of ‘buyer beware’ applies.

There are many ways to create wealth.

If you're a business owner, your conception of the ideal stream of retirement income may be the kind of defined-benefit pension plan enjoyed by public-sector workers and politicians.

“Given the personal angst felt by Canadians in these trying times, we remind you that there is a very safe solution available. Setting up a Personal Pension Plan is a smart move in these very turbulent times, for the following legal and economic reasons”:

HUB is pleased to announce its partnership with INTEGRIS Pension Management Corp. to give business owners, franchisees, and incorporated professionals a better way to save for their retirement through Personal Pension Plans or PPP®.  The PPP® provides the highest tax-deductible contributions, under Canadian tax laws, over time, and allows its users to maximize their retirement assets during their working career. 

Although RRSPs are the most popular choice for Canadians and their retirement savings, they may not be the best choice — especially for business owners

We are pleased to announce the launch of our newly designed INTEGRIS website.

INTEGRIS Pension Management Corp. integris-mgt.com to offer Multi-Employer Defined Contribution Pension Plan solution to corporate clients through its partnership with Western-based Link Investment Management Inc. lim.solutions Effective March 1st, 2021, Toronto-based INTEGRIS Pension Management Corp. (“INTEGRIS”) will offer to larger corporate clients access to a multi-employer pension plan (“MEPP”) solution utilizing the technology and administrative services of Link Investment Management Inc. (“LINK”). The MEPP offering is a low-cost, low-touch, technology-forward administration solution for corporations that want to offer workplace retirement solutions for valued employees – without the significant compliance and monitoring overhead that often accompanies single-employer group retirement plans. Anchored in cutting-edge proprietary software and Exchange Traded Fund's low-cost investment models, LINK delivers the value of established group savings plans at a fraction of the cost in a user-friendly digital interface. INTEGRIS Chief Executive Officer stated: “Offering group solutions to our forward-thinking clientele through LINK was a natural next step in our evolution.” “As a fintech company, Link is focused on leveraging innovation and next-generation technology. We’re excited to be teaming up with Integris to offer access to our proprietary digital platform, portfolio management services, and dedicated plan servicing for the benefit of their clients,” says Brian McClennon, President and CEO of Link.

19 Reasons why you should upgrade your IPP to an INTEGRIS Personal Pension Plan.

Every so often, INTEGRIS takes time to shine the spotlight on companies and partners that provide specific insights or have unique solutions that may be of application to our clientele or the broader financial community.

Effective Sept. 21, 2020, INTEGRIS CEO Jean-Pierre Laporte is pleased to announce that Ms. Miranda McLean is joining INTEGRIS  as a manager of Sales and Business Development.   

Watch on Youtube: https://www.youtube.com/watch?v=tMrXjPuM6DM

One of the major difficulties that the trustees of pension funds face today is finding investments that are not correlated with each other. Very simply, this means that different assets move in different directions in reaction to changes in the investment universe, so that one zigs while the other zags, to put it in its simplest terms.

The long-awaited revisions to the federal investment rules that apply to most registered pension plans in Canada, including Personal Pension Plans, are finally out.

Now that Canadians are in the middle of personal tax season for 2017, we wanted to provide some new information that we hope will be of interest to taxpayers from coast to coast.

The Great Recession of 2008 had many consequences, but in the world of pensions, it truly highlighted the chasm separating the private sector from public sector retirement plans. The "Great Divide" boils down to this: civil servants have back-stopped, defined benefit plans that will provide a comfortable level of pension benefits in retirement, whereas the taxpayers responsible to fund such great plans are largely relegated to RRSPs with much lower contribution limits and a limited ability to weather financially volatile markets.

Recently, the CEO of the CIBC Mr. Gerry McCaughey, publicly announced that he felt Canadians should reform the Canada Pension Plan to allow for voluntary supplemental contributions so that members could enhance their pension benefits in retirement. This type of innovative thinking traces its origins to an article first published in October 2004 by the CEO of INTEGRIS, Mr. Jean-Pierre Laporte entitled “Reforming the Canada Pension Plan”. As mentioned in the article above, Canadian investors are facing many challenges when it comes to saving for their retirement.

‎Part 1/3 How is my Financial Health, Doc?: Physicians, NPs, dentists, and lawyers can have pensions. No more need to envy Jesse! on Apple Podcasts

INTEGRIS Pension Management Corp. has developed many business relationships with firms in the Canadian financial services industry over the past 8 years. Some are large investment management firms, insurance companies, or accounting firms. Sometimes we come across niche service providers that fill a particular need for our clients outside of our core area of expertise.

Tip #1 Roll existing RRSPs into the AVC component of your PPP®. Turns non-deductible investment management fees into corporate tax deductions. 

Jean-Pierre Laporte, CEO from INTEGRIS, along with David MacNicol, President & Portfolio Manager from MacNicol & Associates Asset Management Inc reviews the PPP® vs RRSP vs IPP along with a case study for Doctors.

That's it folks, years of lobbying have finally paid off and INTEGRIS clients will now have the option of extracting their Personal Pension Plan from the jurisdiction of the Pension Benefits Act of Ontario.

Retirement planning has been front of mind for many Canadian physicians in recent months.

Richardson GMP advisor Yaron Orgil discusses how dentists can make use of PPPs to save for retirement in the March issue of Oral Health Journal

RRSPs are wonderful tools to build oneself a retirement nest-egg. Unfortunately, they also suffer from a few short-comings, deficiencies that INTEGRIS has been engineered to overcome.

RRSPs are wonderful tools to build oneself a retirement nest-egg. Unfortunately, they also suffer from a few short-comings, deficiencies that INTEGRIS has been engineered to overcome.

The old cliché about the only two certainties in life being death and taxes are almost inevitable in any discussion on pensions. In particular, our prevailing preoccupation with financial security at retirement is rooted in the realization that we are in fact living longer coupled with the uncertainty surrounding the adequacy of our retirement savings in relation to our specific needs at retirement. How does one strategically save adequately for retirement while minimizing the taxes they pay? While actuaries can, using sound actuarial principles and assumptions, make pretty accurate estimates of the amounts needed to fund a comfortable pension, variances in actual realities such as life expectancy and interest rates do exist. This is what makes reaching a comfortable retirement destination challenging. The answer? Careful planning is required to charter a route that effectively marries your retirement expectations with the right savings and tax sheltering strategies to get you to your destination. At issue to consider are: How much is enough savings to satisfy your projected retirement needs? What tax sheltering strategies should you employ in the accumulation stage? How will your pension be taxed on payment? What retirement savings vehicle is best suited to your plan? These are the thoughtful questions that ought to be considered when planning for your retirement. In fact, it is at this juncture that the INTEGRIS Personal Pension Plan (PPP) would be introduced into and benefit this conversation.

This article showcases the top picks for the best Toronto based Personal Finance companies. These startups and companies are taking a variety of approaches to innovating the Personal Finance industry, but are all exceptional companies well worth a follow.

The INTEGRIS Plan is based on the premise that our clients work hard for their money and want to ensure they will have enough stocked away when it is time to retire. To achieve that end, the INTEGRIS Plan has established a number of protective barriers around the pension plan.

Value can come from different sources. Very often, the skill of an investor will generate higher return and the value is said to be due investment management. Some call it the "alpha". Another source of income that is often overlooked, is the ability to reduce one's tax exposure. People contributing to RRSPs are familiar with the fact that by having reduced their taxable income (after contributing to the RRSP) the government has to issue a tax refund. The tax refund is money in one's pocket that has been achieved without any exposure to the vaguaries of the stock market.

First, it is important to note that the rules applicable to the INTEGRIS Plan have been around since 1991. Secondly, in Canada about 15,000 professionals and business owners currently have a plan that works along the lines of the INTEGRIS Plan. So, in effect, someone has come up with this tax-savings solution already.

The INTEGRIS Personal Pension Plan is a collection of three distinct subaccounts (defined benefit ("DB"), defined contribution ("DC"), and additional voluntary contributions or "AVC").

A "fiduciary" is a person who has undertaken to act for another in a particular matter in circumstances which give rise to a relationship of trust and confidence.*

INTEGRIS Pension Management Corp. has developed many business relationships with firms in the Canadian financial services industry over the past 8 years. Some are large investment management firms, insurance companies or accounting firms. Sometimes we come across niche service providers that fill a particular need for our clients outside of our core area of expertise.

The federal government has recently adopted legislation creating yet another new type of pension vehicle, the Pooled Registered Pension Plan.

In short, because Personal Service Business rules virtually negate the tax advantages of having incorporated in the first place. An example provides some context.

Many investment advisors who are familiar with individual pension plans or IPPs, often ask how the INTEGRIS Personal Pension Plan differs from the IPP. The question stems in part from the fact that while the IPP rules have been around since 1991, advisors servicing the retail market are typically unfamiliar with other types of registered pension plans since those are normally administered by large pension consulting firms.

Your Life, Your Money - Sunday, July 14th 2019. With Kelvin Rampersad, Chris Chreston and guest J.P. Laporte, CEO of INTEGRIS Pension Management Corp.