Page 25 - A Canuck's Guide to Financial Literacy 2020
P. 25
25
retirement. RCAs are often catered to high net worth or high earners who are seeking
retirement income in excess of what’s provided by a Retirement Pension Plan.
Individual Pension Plan
An IPP has similar features to an RRSPs as they both provide tax deferred growth and
creditor protection but they different in how much you could contribute. An IPP provides
greater accumulation and has a higher contribution limit than an RRSP.
