In it’s efforts to rein in what it considers tax loop holes, the Canadian Government has recently floated a tax package that takes aim at private corporations.
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The Liberal government is considering tax changes that will affect business owners who use corporations to augment their retirement plan.
If you are a business owner, entrepreneur or executive, an Individual Pension Plan (IPP) may be just what you are looking for.
There are a number of differences between registered and unregistered investment accounts, but the main differences mostly revolved around tax.