Summary In this episode of the Millennial Money Canada podcast, host Guillaume Girard speaks with Tatenda Mawoyo about Individual Pension Plans (IPPs) and their benefits for incorporated business owners. They discuss the intricacies of setting up an IPP, who should consider one, the tax advantages, and the legal protections associated with these plans. Tatenda shares his journey from Zimbabwe to Canada and his experience at GBL, a firm specializing in actuarial services for business owners. The conversation also covers the importance of financial planning and collaboration with financial advisors to maximize retirement savings.   Topics Covered in this Episode: 00:00 Tatenda Mawoyo's Journey from Zimbabwe to Canada 05:10 Career Development and Transition at GBL 07:29 Understanding GBL's Mission and Services 10:18 Exploring Individual Pension Plans (IPP) 13:02 Who Should Consider an Individual Pension Plan? 15:51 The Mechanics of IPP Contributions 18:38 Tax and Legal Benefits of IPPs 21:11 Transitioning from RSP to IPP 23:48 Setting Up an Individual Pension Plan 30:32 Understanding Individual Pension Plans (IPPs) and Their Benefits 36:22 Contribution Mechanics and Strategies for IPPs 43:01 Investment Strategies for Maximizing IPP Contributions 49:51 Administrative Requirements and Considerations for IPPs 57:27 Options for IPP Assets at Retirement 58:49 Final Thoughts on Exploring IPPs for Business Owners   🤝 Work with Millen Wealth Advisors Book a Financial Review Meeting: https://www.mwadvisors.ca/financial-advice   🔗 Connect & Follow Us for Insights Podcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcast   Keywords Individual Pension Plans, Retirement Savings, Tax Benefits, Financial Planning, Business Owners, Actuarial Services, GBL, IPP Setup, Investment Strategies, Retirement Planning