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Glossary term
IPP — Individual Pension Plan
Defined-benefit pension plan for a single employee (usually owner-manager of CCPC, physician in MPC). Allows $40-70K/yr contributions vs $33K RRSP for people 40+. Corporation funds it; deductible business expense.
Related terms
RSU
Restricted Stock Unit — equity compensation where company promises shares after vesting. FMV at vesting day a…
ESPP
Employee Stock Purchase Plan — payroll-deducted contributions to buy company stock at a discount (typically 1…
Eligible Investor
Investor category for exempt market securities (NI 45-106): (a) net assets $400K+ alone or with spouse, OR (b…
Accredited Investor
Higher exempt-market tier: (a) income $200K solo / $300K with spouse 2 of last 2 years, OR (b) net financial…
EMD
Exempt Market Dealer — CSA-licensed firm category that distributes exempt market securities (MICs, private RE…
CIRO
Canadian Investment Regulatory Organization — SRO regulating investment dealers (former IIROC) and mutual fun…
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