Tax
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Sharing the wealth: why it pays to donate private shares to charity in your estate plan
If you are an incorporated physician, you can reduce the tax burden on your estate by donating shares from your private corporation
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Read ArticleDon't pay more tax than you have to: Use TFSAs as part of your financial plan
A tax-free savings account (TFSA) is more than just a great way to build wealth: As part of a financial planning strategy, a TFSA can help ensure you don't pay more tax than necessary.TFSAs serve...
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Read ArticleProposed Tax Changes, At A Glance
Wondering what the proposed tax changes on private corporations are? Here is MD Financial Management’s quick snapshot of the proposals. 1. Income Sprinkling Pre-2017 tax rules ...
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MD Financial Management Releases Year-End Income and Capital Gains Distributions
MD Financial Management Inc. released year-end income and capital gains distributions for MD Funds, MD Precision Portfolios™ and MDPIM Pools between December 18 and 29, 2017.
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Read ArticleFederal Budget’s New Proposed Rules: A Primer for Medical Residents
This primer will help you grasp the basics behind incorporating a medical practice and understand how the proposed tax changes in the 2018 federal budget could affect you in the future.
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Maximizing RRSPs and TFSAs: Getting the Most Out of Two Powerful Tax-Advantaged Vehicles
Both RRSPs and TFSAs offer valuable benefits. What is the difference between an RRSP and a TFSA? How do you maximize the tax-deferred growth of each? Contribution limit, tax deductible, withdrawals.
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Tax Tips for Medical Students and Residents for the 2017 Tax Year
As a medical student or resident, you have plenty of things on your mind other than your income taxes. However, being aware of things like tax benefits can help reduce the tax you pay and put you...
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10 Tax Tips for Physicians for the 2017 Tax Year
As a physician, one of the most significant expenses you will incur during your career is tax—specifically, federal and provincial income taxes. That’s why it makes sense to minimize your taxes...
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Cover Future RRSP/RRIF Taxes With Permanent Life Insurance
Whether your money is invested in a registered retirement savings plan (RRSP) or a registered retirement income fund (RRIF), any balance remaining will be taxed upon your death unless the RRSP or...
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Proposed Tax Changes to Private Corporations: More Questions Than Answers
The federal government’s proposed tax changes for private corporations continue to draw debate during this 75-day public consultation period ending October 2, 2017. After this date, the...
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How to master these two cash-flow challenges while transitioning into practice
Transitioning into practice is an exciting and challenging time for medical residents. Not only do you have the professional challenges of settling into your career, there are also a number of...
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Tax Instalment Payments: Five Things New Physicians Need to Know
Transitioning into practice can be both exciting and stressful. On the business side, there are a number of financial planning issues you’ll need to address. One of these is managing your...
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Read ArticleMergers and Acquisitions Floodgates Open in the Pharmaceutical Industry
Recently, we have seen a flurry of mergers and acquisitions in the Pharmaceutical and Biotechnology industries. Here are the factors that have contributed to it.
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TFSAs: Harnessing the Power of Tax-Free Savings
TFSA is designed to help Canadians save money, either for the short term or long term. Learn key facts about TFSAs, like eligibility, contribution limits, withdrawals and investment types.
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Case Study: Income Splitting Through Dividend Income
IMPORTANT NOTICE: Professional medical corporation information on MD’s web site is based on existing incorporation rules which may be impacted by proposals announced in the Department of Finance’s...
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8 Important Factors to Consider When You Have Incorporated Your Practice
IMPORTANT NOTICE: Professional medical corporation information on MD’s web site is based on existing incorporation rules which may be impacted by proposals announced in the Department of Finance’s...
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What are the pros and cons of incorporating my practice?
Many physicians choose to incorporate their medical practices because of the significant tax advantages. Find out what incorporating means and how you can benefit from the tax deferral and tax savings
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Tax Context for Incorporated Physicians
IMPORTANT NOTICE: Professional medical corporation information on MD’s web site is based on existing incorporation rules which may be impacted by proposals announced in the Department of Finance’s...
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How Provincial Variations and Non-Tax Issues Can Impact Your Compensation and Income as an Incorporated Physician
IMPORTANT NOTICE: Professional medical corporation information on MD’s web site is based on existing incorporation rules which may be impacted by proposals announced in the Department of Finance’s...
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Understanding Integration and Investment Taxation for Corporations
IMPORTANT NOTICE: Professional medical corporation information on MD’s web site is based on existing incorporation rules which may be impacted by proposals announced in the Department of Finance’s...
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