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The E-PP at a glance

Type of investment vehicle

Combined individual pension plan

Contributions

Under age 40: Defined contribution component

Age 40 and up: Defined benefit component

Can switch from one type to the other

Management and administration fees

Deductible

Options at retirement

Maintain plan

Transfer to RRSP/RRIF

Purchase annuity

Tax advantages

Ability to accumulate up to $1 million more than an RRSP over 20 years

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