How to manage the finances when your spouse is a physician
Managing money in a family can be intense when your spouse is a doctor or doctor-in-training. Here are some tips for successfully managing your household finances.
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- The MD difference
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How finances are different when your spouse is a physician
When your household includes a physician, your finances usually look a bit different from other Canadians. Plan together to achieve your financial goals faster.
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Our physician household owes taxes — now what?
It’s not uncommon for physicians to receive a large tax hit early in their practice. Here’s why it can happen and how to avoid getting caught off guard at tax time.
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The value of financial advice
Industry studies that attempt to quantify the value of financial advice have found that working with a financial advisor has real benefits. Learn more.
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How spousal RRSPs help with tax savings in retirement
For those who qualify, using spousal RRSP as an income-splitting tool is one of the most powerful tax-savings strategies for retirement. Learn more.
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I’m a shareholder in a physician’s corporation. What does that mean for me?
Learn about the benefits and responsibilities of being a shareholder in a physician’s medical professional corporation.
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My spouse is a physician. How can we reduce our tax burden?
If your physician spouse is the higher-income earner, you may be able to use these strategies to make sure that your household isn’t paying more taxes than it needs to.
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How to use income splitting to keep more of your money
Income splitting lets a higher-income earning spouse equalize their income with their lower-earning partner to effectively lower their overall tax bill. Learn how.
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I’m an executor for a physician. How do I deal with their corporation?
Here are the things you need to know if you’ve been named estate executor for a physician parent, spouse or sibling with a corporation.
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My spouse has a six-figure debt. Should we keep our finances separate?
Having a spouse or partner who is in debt can strain any relationship, but physician debt doesn't necessarily mean putting your lives on hold. Learn why.
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Should you contribute to a spousal RRSP?
A spousal RRSP can be an important part of a couple’s retirement plan and even offers some pre-retirement benefits. Learn how.
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