Recommended Federal Budget 2024: Highlights for physicians
On April 16, 2024, Federal Finance Minister Chrystia Freeland tabled the 2024 federal budget with changes that will impact a physician’s practice.
RRSPs: Your top questions answered
Registered retirement savings plans were created to help Canadians save for retirement. Get answers to your RRSP questions with our handy FAQ.
Recommended Tax Changes for 2024
With the new year upon us, it’s a good time to review the major personal income tax changes for 2024. Here’s a rundown of the adjusted tax figures.
Benefits of working with an insurance consultant
Life and health insurance can play many roles in your financial plan, including safeguarding your wealth and protecting your loved ones in the event of your death or unforeseen illness.
2023 Year-end tax planning tips
The last quarter of the year is a good time to review your annual tax planning as important deadlines approach. Here are some tax planning tips to consider.
Value of Advice: I just inherited a large sum of money. What should I do with it?
When a physician inherits a large lump sum of money, the implications can also be much greater than for the average salaried employee. Learn why.
What are the early signs of physician burnout?
— Dr. Murray Erlich
Physician burnout is on the rise in Canada. Dr. Murray Erlich explains what physician burnout is, how to recognize the signs and where to get help.
Practice management team: Assemble!
For new physicians, assembling a team of non-medical professionals is an important part of setting up your practice. Here’s how to get started.
A guide to TFSA stock trading rules
In most cases, the investment earnings that the average Canadian would make from trading stocks within a TFSA truly are tax-free. However, according to the Income Tax Act, there are a couple of major exceptions.
Student line of credit: What not to do
Managing your credit is more important than ever. Remember, this line of credit needs to get you through medical school, residency and beyond.
How does the FHSA compare with the TFSA, RRSP and Home Buyers’ Plan (HBP)?
Wondering how the first home savings account (FHSA) is different from a TFSA, RRSP, and Home Buyers’ Plan (HBP)? Here’s a breakdown of how each one works.
The benefits of doing a fellowship before going into practice
Taking on a fellowship has pros and cons. We talked to a physician with four fellowships under his belt to help you decide the best course of action.