Practising Physicians
Maximize your cash flow in your prime saving and investing years.
Recommended Federal Budget 2024: Highlights for physicians
On April 16, 2024, Federal Finance Minister Chrystia Freeland tabled the 2024 federal budget with very few changes that will impact a physician’s practice.
Helping the seniors in your life detect and avoid home renovation scams
Learn how home renovation scams work, how to recognize them and prevent them, and how you can help if someone you know falls victim to one.
A Guide to Alternative Investments
Here’s a guide to help you weigh the pros and cons and consider whether alternative investments make sense for your investment portfolio.
How to use your savings to support your longevity
Canadians are living longer, and that has significant implications for our financial well-being. Here’s how to use your savings to support your longevity.
How new trust reporting requirements for bare trusts could impact you
The income tax rules governing which trusts must file an annual T3 Return have been expanded. Find out if the new rules affect you.
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.
Value of Advice: I just inherited a house/property. What should I do?
Whether you decide to keep, sell or rent out the family home, there are financial and tax implications to consider.
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.
Withdrawing from your RRSP early: When could it make sense?
Other financial priorities might make you wonder if you should withdraw money from your registered retirement plan early. Learn when it could make sense.
CEBA: Physicians’ questions about repaying the loan
The CEBA is an interest-free loan that can be accessed by eligible businesses that are facing financial hardship due to the COVID-19 pandemic. Learn more.
I’m burned out on medicine. What are my options?
If you’re acknowledging that you’re burned out and looking for solutions, you’re already a step ahead. Here are some options you can consider.
Why it’s ok to delegate your financial responsibilities
When it comes to reducing stress and preventing burnout, outsourcing your financial responsibilities can be one solution. Learn how.
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.
Should I invest in a TFSA or leave excess funds in my corporation?
This article discusses why withdrawing funds from your corporation to invest in a TFSA can often be the better long-term strategy.
Planning how to care for aging parents
When caring for a parent or ill family member, the demands on your time and finances can add up quickly. Here are some tips to help ease the transition.
Pan-Canadian licensing: Physician mobility and how it can affect your finances
If you’re considering moving to a new province or territory to practice medicine, learn about the potential impact on your financial plan.
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.
Canadians are living longer. How does that impact my retirement savings?
A good retirement plan aims to find a balance between maximizing life enjoyment and alleviating fears about running out of money in old age. And the fact that Canadians are living longer puts an even greater emphasis on a sound retirement plan.