What are the possible IPP funding vehicles?
The two types of IPP funding vehicles are the life insurance deposit administration contract and the pension trust. The pension trust may be either a corporate trustee, or a group of individual trustees (at least 3 individual trustees, all Canadian residents). (Please note that one trustee must be independent of the company sponsoring the plan. Being independent means the individual is not a shareholder/partner/proprietor or employee of the company.) Westcoast Actuaries Inc. does not provide investment services. The plan sponsor is responsible for selecting and executing the IPP funding vehicle.
