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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Tax
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Tax deductions: What self-employed physicians can claim
If you’re a self-employed doctor, there are many expenses that you can claim and deduct on your tax return. Learn more.
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Our physician household owes taxes — now what?
It’s not uncommon for physicians to receive a large tax hit early in their practice. Here’s why it can happen and how to avoid getting caught off guard at tax time.
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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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The value of financial advice
Industry studies that attempt to quantify the value of financial advice have found that working with a financial advisor has real benefits. Learn more.
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Video: 2020 Tax Tips for Retired Physicians
Watch our tax tips video for retired physicians to learn about what tax deduction and tax credits you may be entitled to.
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Federal budget 2021: Highlights for physicians
Read our summary of the 2021 federal budget, and learn how the budget may impact Canadian physicians and their families.
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Video: 2020 Tax Tips for Resident Physicians
Watch our tax tips video for resident physicians to find out how government support programs and changed circumstances may affect your taxes.
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CEBA: Physicians’ questions about 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.
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Video: 2020 Tax Tips for Physicians
Watch our tax tips video for physicians to find out how government support programs and changed circumstances may affect your taxes.
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Capital gains surplus stripping: What Canada's physicians need to know
Here's what you need to know about capital gains surplus stripping before deciding whether to implement this tax strategy.
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Video: 2020 Tax Tips for Medical Students
Watch our tax tips video for medical students to see if government support programs and changed circumstances may affect your taxes.
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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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Tax instalment payments: 5 things new physicians need to know
If you are a self-employed physician, you will need to pay your taxes in quarterly instalments. Here’s how to figure out what you owe.
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7 tax deductions and credits for resident physicians
As a resident physician, being aware of the tax credits and tax deductions that you qualify for can help minimize the taxes you pay. Learn more.
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6 tax deductions and credits for medical students
From tuition to moving expenses, here are some tax deductions and credits that a medical student might qualify for when filing their income tax return.
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Home office expenses: You could save on taxes if you worked remotely
You can save on taxes if you work from home and meet certain requirements. Learn what tax deductions you might be eligible for.
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Claim your investment fees on your tax return
Carrying charges are expenses you incur to earn investment income in non-registered accounts: fees to manage or take care of your investments and fees for certain investment advice.
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Managing how much tax comes off your residency paycheque
What medical residents need to know about TD1 forms
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Unique tax filing considerations for 2020
MNP LLP and MD Financial Management explain what’s different this tax season with respect to deadlines, reporting and more.
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