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How to Still Save for your Retirement in your Corporation Tax Free What’s the most tax-efficient way to save for retirement and access those funds in your leisure years for a dentist?  Many would say Registered Retirement Savings Plans or a Pension Plan. RRSP’s are certainly an efficient way to reduce your personal taxes as contributions are deductible from your income, and they have the ability to grow your savings on a tax deferred basis, but their usefulness for business owners earning a high income is limited. Registered plans work well for two

Are you a practice owner? If so, then this article is for you. Practice owners don’t have the opportunity to participate in a group pension plan like staff at other companies do. Don’t be sad, though, because this article is for you: a pension plan customized to you, the owner. Think of a group pension plan as an off-the-rack suit. Sure, it looks great and fits OK but doesn’t quite have exactly what an Individual Pension Plan (IPP) is: a bespoke pension plan. What is an Individual Pension Plan? Considered