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Pensions for Incorporated Business Owners | MoneyScope 18 Analytics Table
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Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-us?utm_source=content&utm_medium=youtube&utm_campaign=moneyscope_yt In this episode of The Money Scope Podcast, Benjamin Felix and Dr. Mark Soth (The Loonie Doctor) take a deep dive into the complex world of pensions for incorporated professionals. They unpack the pros and cons of the various pension structures available in Canada—from RRSPs and IPPs to MEPPs—and explain how these compare in terms of tax treatment, investment flexibility, creditor protection, and long-term retirement security. Through their discussion, Ben and Mark illuminate how pensions really work for business owners who are both employer and employee, why “pension envy” can cloud rational decisions, and how evidence and math—not marketing—should guide your retirement planning. They also explore the behavioral and psychological side of pensions: why risk pooling matters, how defined benefit plans manage longevity and sequence risk, and when the added complexity of an IPP or MEPP might actually be worth it. This is one of the most comprehensive overviews of pensions you’ll hear—combining research, real-world application, and practical insight for anyone trying to optimize their corporate retirement strategy. Timestamps: 0:00:00 Intro 0:04:19 Reviewer Credits 0:06:08 Overview of the Landscape 0:12:13 Who Pays for Pensions? 0:16:08 RPP vs. RRSP 0:22:55 Interactions Between RRSPs and RPPs 0:24:53 DC vs. DB Pensions 0:31:59 RRSP & RRIF vs LIRA & LIF 0:34:45 Group Pension Plans 0:36:34 “Pension-Style Investing” 0:50:13 DB Pension Liability Matching 0:54:37 DB Pensions and Risk Sharing 1:07:19 DB Pension Drawdown Benefits 1:09:31 Individual Pension Plans (IPPs) 1:11:42 Contribution Room vs RRSP 1:20:14 Contribution Holidays & Top-Ups 1:27:59 Terminal Funding 1:32:56 What to do with an IPP in Retirement? 1:33:35 Keeping an IPP in Retirement 1:35:39 Buying an Annuity Using an IPP 1:36:35 Commuting an IPP 1:38:47 Additional Context 1:43:22 Picking the Best Option 1:44:33 IPPs on Death 1:45:35 Is an IPP worth it vs just using an RRSP? 1:49:02 PPP/FPP/CPPP vs. IPP 1:50:08 Pre-Age-40 1:51:30 Post-Age-40 1:52:14 Family IPP 1:53:17 Contribution vs. Benefit Timing for IPPs and MEPPs 1:56:07 Retirement Compensation Arrangement (RCA) 2:04:06 Post-Op Debrief Links From Today’s Episode: Medicus Pension Plan — https://www.medicuspensionplan.com/ HOOPP (Healthcare of Ontario Pension Plan) — https://hoopp.com/ Canada Pension Plan Investments — https://www.cppinvestments.com/ PWL Capital — https://pwlcapital.com/ Dr. Mark Soth (The Loonie Doctor) — https://www.looniedoctor.ca/ Dr. Mark on X — https://x.com/LoonieDoctor Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Money Scope on YouTube — https://www.youtube.com/@MoneyScopePodcast
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