The ultimate guide to estate planning for Canadian physicians
From understanding the importance of an estate plan to getting it done, this guide will help get you thinking about how to meet your estate planning needs.
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Retired Physicians
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Executors 101: Choosing an executor to administer your estate
Your executor has a big role to play in settling your estate. Here's what you need to know to make the right choice for you.
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How to talk to your children about their inheritance
It’s a good idea to share at least some of your wealth transfer plans with your adult children. Here are some tips for how to start the conversation.
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Three 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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Five tips to get retirement ready
Here’s 5 tips that you can use now to keep your retirement plans on track.
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Fed stays put on rates but dot plots rise
No changes to U.S. Federal Reserve monetary policy. The Fed holds rates and continues with asset purchases, expect at least one rate hike by the end of 2023 as the post-pandemic bounce-back takes hold
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Tax tips for retired physicians
This guide will help you understand what tax credits, deductions, and government benefit programs you may be eligible for as a retired physician in Canada.
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5 tax tips you may not know about
You'll need every advantage possible to get your tax return right. Optimize your tax filing with these simple but effective tax tips.
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The global recovery is robust and interest rates will soon rise
The Bank of Canada holds its target for the overnight rate at 0.25%.
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Planned charitable gifts: What you can donate, and the tax benefits
A planned charitable gift is a thoughtful way to give. The charity benefits from your gift, while you or your estate benefits from tax savings. Learn more.
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4 things life insurance can do for incorporated physicians
As an incorporated physician, you can enjoy the financial benefits of a life insurance policy while still very much alive. Learn how.
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Guide to retiring as an incorporated physician
Retirement planning is more complex if you’re incorporated. Read this guide if you’re an incorporated physician in Canada who is approaching retirement.
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RRSP facts for Canadian physicians
What is the RRSP contribution deadline? How do you create contribution room? What are the benefits? Here are things physicians need to know about RRSPs.
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It’s all tax-free — until it isn’t! 8 costly mistakes to avoid with your TFSA
Some TFSA blunders trigger harsh tax penalties from the Canada Revenue Agency and unravel the benefits of tax-free investing. Learn how to avoid them.
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The pension income tax credit: One benefit of opening a RRIF early
With some smart tax planning, you can take advantage of the pension income tax credit to reduce your household tax bill. Learn how.
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How to withdraw funds tax-efficiently in retirement
The best order for withdrawing funds in retirement starts with your goals and circumstances. Learn some strategies to get the most out of your withdrawals.
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Retiring as an incorporated physician
Approaching retirement with substantial assets in your corporate account? Learn why it’s important to create a tax-efficient income stream from your investments and what to do with your corporation.
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How much money should physicians retire with?
What should the average physician's net worth be at retirement? It's complicated. Learn how we generate projections in a retirement plan.
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Optimizing your RRSP strategy according to your career stage
Your RRSP strategy will be different, depending on whether you’re a medical student, resident, practising physician or retired. Learn why.
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Evergrande’s debt woes
One of China’s largest property developers, Evergrande, doesn’t have to cash to pay its debts and it’s causing volatility in global markets. Mark Fairbairn of MD Financial Management explains.
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