Tax

  • My spouse is a physician. How can we reduce our tax burden?

    My spouse is a physician. How can we reduce our tax burden?

    If your physician spouse is the higher-income earner, you may be able to use these strategies to make sure that your household isn’t paying more taxes than it needs to.

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  • Medical students: Getting ready to file your 2019 tax return

    Medical students: Getting ready to file your 2019 tax return

    If you’re a med student or resident, you may think there’s no need to file a tax return, but you might be surprised at the benefits filing can provide. Here are some simple steps to get organized.

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  • How to minimize taxes when transferring your wealth

    How 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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  • Tax tips for retired physicians

    Tax tips for retired physicians

    The guide can help you understand what tax credits, expenses and deductions may be available to you, the government benefit programs you may be eligible for, and much more.

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  • Tax tips for practising physicians

    Tax tips for practising physicians

    The guide can help you understand what tax credits, expenses and deductions may be available to you, the government benefit programs you may be eligible for, and much more.

    Read Flipbook
  • Tax tips for medical students, residents and medical fellows

    Tax tips for medical students, residents and medical fellows

    Learn which tax credits and deductions may be available to you as a medical student, medical resident or medical fellow.

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  • 5 tax tips you may not know about

    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 tips.

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  • How to use income splitting to keep more of your money

    How to use income splitting to keep more of your money

    Income splitting lets a higher-income earning spouse equalize their income with their lower-earning partner to effectively lower their overall tax bill. Learn how.

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  • Rethinking RRSPs and TFSAs for incorporated doctors

    Rethinking RRSPs and TFSAs for incorporated doctors

    Before 2018 it made sense to shelter your earnings in your corporation alone. Today you might want to consider RRSPs and TFSAs. Learn why.

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  • Why TFSAs are a good option for incorporated physicians

    Why 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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  • TFSAs: Harnessing the power of tax-free savings

    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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  • How does incorporating help with taxes?

    How does incorporating help with taxes?

    The tax deferral advantage of incorporating is explained in detail.

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  • Should you contribute to a spousal RRSP?

    Should 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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  • 6 mistakes to avoid with your RRSP

    6 mistakes to avoid with your RRSP

    Get the most out of your RRSP by avoiding these common mistakes.

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  • Managing how much tax comes off your residency paycheque

    Managing how much tax comes off your residency paycheque

    What medical residents need to know about TD1 forms

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  • The dos and don’ts of financial planning for locums

    The dos and don’ts of financial planning for locums

    Financial advice for locum tenens: tax planning, incorporation, insurance.

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  • Medical residents: 3 questions you may have about filing your tax return

    Medical residents: 3 questions you may have about filing your tax return

    Tax tips you might not know about when filing your tax return.

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  • Is your corporate legacy a gift to the government? How to avoid double taxation

    Is 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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  • What are the pros and cons of incorporating my practice?

    What are the pros and cons of incorporating my practice?

    To better understand how to make the incorporation decision, take a look at the advantages and disadvantages of incorporating outlined below.

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  • Should you incorporate your medical practice?

    Should you incorporate your medical 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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