Practising Physician
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Read articleWant to transfer assets to your children now? Avoid these 5 costly mistakes
Before you transfer assets to your children during your lifetime, learn about some common mistakes you’ll want to avoid making.
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Read articleStaying in control: How to avoid emotional investing
With market volatility picking up again, it’s important to remember and avoid these common investing pitfalls.
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Read articleHow to minimize taxes when transferring your wealth
A good estate plan starts with understanding the tax consequences of the types of assets you own. The next step is to use strategies to mitigate their tax impact.
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Read articleRRSP, TFSA or both? What you need to know
Learn how you can boost savings and lower the amount of taxes you pay during your medical career by contributing to your RRSP, TFSA or both.
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Read articleWhy TFSAs are a good option for incorporated physicians
Incorporated physicians typically invest in their corporate accounts, but they can come out ahead using TFSAs. Learn how.
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Read FlipbookMD Physician Financial Literacy Study
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Read articleShould 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.
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Should you rent or buy your home?
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Read article6 mistakes to avoid with your RRSP
Get the most out of your RRSP by avoiding these common mistakes.
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How soon can you retire?
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Read articleHow does incorporating help with taxes?
The tax deferral advantage of incorporating is explained in detail.
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Read articleThe dos and don’ts of financial planning for locums
Financial advice for locum tenens: tax planning, incorporation, insurance.
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Exclusive physician banking solutions
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Read articleThree key findings about Canadian physicians and financial literacy
Most practicing medical doctors in Canada don't feel well-educated about personal finance, and many of them report feeling "stressed" about making financial decisions regarding their priorities.
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Read articleTop 7 things that physicians need to know about RRSPs
Get the basics on RRSP contribution deadline, RRSP contribution amount, and understand the tax savings.
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Read articleTips from colleagues for physicians who have to work over the holidays
Wellness tips if you are a physician who has to work over the holidays.
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Read articleWhat's the best order for drawing your retirement income
When you begin to draw income in retirement, there are different tax consequences for each source of cash flow.
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Read FlipbookPursuing a fulfilling retirement
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Read articlePost-divorce, a physician mom adjusts her family-friendly plan
In this MD Financial Management series, we talk to physicians about what gives them confidence in financial planning for the future. *Real-life stories have names changed to protect privacy.
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Read articleCrafting your next chapter: Pursuing a fulfilling retirement
Checking items off your retirement “bucket list” of activities doesn’t necessarily contribute to a fulfilling life.
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Read articleIs your corporate legacy a gift to the government? How to avoid double taxation
If you have a corporation without a capable executor, you could be subject to double taxation.
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Read articleSo you’re incorporated: Five terms you need to know
If you are a newly incorporated physician, make sure you understand these five incorporation terms.
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Read FlipbookPlanning for retirement - focus on lifestyle first
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