Add security to your retirement income
Count on our investment professionals
As an incorporated physician, practicing medicine requires a combination of caring for patients and managing a business. With HOOPP as part of your retirement plan, you can focus more on the important work that you do knowing that the pension income you will receive is secure.
Join the Plan and experience the benefits.
Read HOOPP: A Guide for Incorporated Physicians, your one-stop resource for important information about the Plan, the benefits of joining, eligibility, costs and sample pension scenarios. Share this guide with a professional advisor to help you make an informed decision.
As an independent trust, we have a fiduciary duty to put members first. Your contributions to the Plan are managed by our in-house team of investment professionals. We manage a diversified global portfolio focused on ensuring we can deliver on our pension promise over the long term. You don’t have to navigate unpredictable markets or worry about market volatility affecting the pension you will receive from HOOPP.
Earn a pension income for life
As a member of HOOPP, you will never outlive your pension. The HOOPP DB pension provides stable retirement income that is based on a formula, not on market returns. Plus, HOOPP may also provide cost of living adjustments for members in retirement, which can help protect your pension against inflation.
Diversify your retirement plan
HOOPP is a valuable component of a total retirement strategy. The peace of mind that comes with having secure and predictable pension income for life in retirement may affect your tolerance for risk and create opportunities for diversification in other areas of your retirement portfolio.
Protect you and your loved ones
In addition to the stable retirement income that comes with a lifetime pension, HOOPP also offers valuable disability and survivor benefits that can help protect you and your loved ones before and after you pass away.
Enjoy tax advantages
Member contributions are tax deductible, which reduces your personal taxes, and employer contributions offer tax advantages to your corporation. In addition, a HOOPP pension is eligible for income splitting in retirement for married or common-law couples.
Retire on your own schedule
When you are ready to retire, your pension is ready for you. We understand that everyone’s situation is unique, which is why HOOPP provides flexibility. Depending on your personal circumstances, you can choose to retire as early as age 55 or delay the start of your pension up until the year you reach 71.
Member benefits
Attract and retain the best team
Enhance employee well-being
Set yourself apart as an employer of choice by providing access to a trusted pension plan. Offering a pension plan is attractive to current and potential hires, which helps reduce staff turnover and minimizes the time and costs associated with recruiting, hiring and training. It also demonstrates a tangible commitment to your team’s financial well-being.
Offering a workplace pension plan can help your employees feel more secure by reducing financial stress so they can focus on living and working at their best.
Enjoy corporate tax advantages
By participating in HOOPP, your MPC will benefit from tax advantages because employer pension contributions for you and your staff are deductible by your corporation.
Attract and retain top talent
Set yourself apart as an employer of choice by providing access to a trusted pension plan. Offering a pension plan is attractive to current and potential hires, which helps reduce staff turnover and minimizes the time and costs associated with recruiting, hiring and training. It also demonstrates a tangible commitment to your team’s financial well-being.
Employer advantages
Employer advantages
Member benefits
Take a closer look
Hiring in the healthcare space is competitive. Studies show that offering a pension plan reduces turnover and improves staff well-being, job satisfaction and overall productivity.
If you have employees under your corporation or another healthcare organization, bringing them into the Plan provides them with the financial security of a lifetime pension and gives you a competitive hiring advantage.
Enrol your team and experience the benefits.
Read HOOPP: A Guide for Incorporated Physicians, your one-stop resource for important information about the Plan, the benefits of joining, eligibility, costs and sample pension scenarios. Share this guide with a professional advisor to help you make an informed decision.
Take a closer look
