How spousal RRSPs help with tax savings in retirement
For those who qualify, using spousal RRSP as an income-splitting tool is one of the most powerful tax-savings strategies for retirement. Learn more.
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Tax
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Should you use income splitting to optimize your family’s tax bill? Consider a prescribed rate loan
If you’re thinking about how to lower your family tax bill, a prescribed rate loan is a flexible, tax-wise strategy that might be right for you. Learn why.
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Passing down the family cottage
Learn how to manage the capital gains tax, which can be a major obstacle when passing down the family cottage to the next generation.
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Explainer: Changes to the Canada Emergency Wage Subsidy
The good news: The CEWS has been extended. The bad news: The program has become more complicated. Here's what you need to know.
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The Plante Family: Drawing retirement income while minimizing taxes
As MD Signature clients, the Plantes receive an elevated level of personalized financial advice and comprehensive service. See the service in action.
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The Moldenhauer Family: Optimizing taxes and protecting their wealth
As MD Signature clients, the Moldenhauers receive an elevated level of personalized financial advice and comprehensive service. See the service in action.
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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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Canada Emergency Wage Subsidy: What physicians in group practices need to know
Physicians in group practice may be eligible to receive the Canada Emergency Wage Subsidy. Learn more about the program, including how to apply for it.
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New deadline for income tax payments: September 30
The deadline for filing your 2019 tax return is Sept 30, 2020, and it’s fast approaching. Read our tax deadlines at a glance to make sure you’re prepared.
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Home office expenses: Work remotely and save on taxes
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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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
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
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
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
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 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
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
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
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
Incorporated physicians typically invest in their corporate accounts, but they can come out ahead using TFSAs. Learn how.
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