Physician Finance Canada

Physician Finance Grand Rounds – Real Estate Edition

Welcome back for another Canadian Physician Finance Grand Round Personal finance is about getting the big things right. One of[…]

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Spending Wisely and FIRE – Lessons From My Patients

The last couple of weeks, I have written a couple of technical articles about using a corporation to reduce taxes, and how to invest through a corporation.  Those posts were focused on the earning, saving, and investing aspects of personal finance for physicians. Another big pillar of personal finance is spending wisely. Many equate spending[…]

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corporation investing

Investing Through A Professional Corporation

  In my last post, I reviewed how a Canadian Controlled Private Corporation (CCPC), such as a professional corporation, can be used like a dam to regulate the flow of earned business income. This can smooth our cash flow so that we lose less money to our progressive personal tax system. Also like a dam, a[…]

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professional corporation account

How Money You Earn Flows Through Your Corporation To Your Pocket

In this post, I describe how the money that we earn can optimally flow to maximize our investment growth and personal cash flow using a Canadian Controlled Private Corporation (CCPC), such as a Medical Professional Corporation (MPC). The information and terminology in this post will give us part of the basic knowledge base needed to[…]

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Optimizing RESP Withdrawals

July 20, 2018 LD Editorial Note: There is much written about RESP contribution, but less about withdrawal. With the next school year looming, I have seen this topic coming up. I originally took a stab at it last January, but have gradually unearthed enough new information since then that I decided to basically re-write the[…]

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physician DIY investing

She Changed Up Her MD Backpack With A Financial Mentor

Loonie Doctor Editorial:  Last week I suggested that Canadian physicians should consider lightening the fee load in their investment backpacks. A few weeks ago, I helped a colleague of mine switch up her MDF backpack to an ETF portfolio. She had been sitting on a combination of cash and some MD mutual funds in her[…]

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Lighten The Load In Your Investing Backpack

Building a strong financial base is simple in theory, but people still struggle. It is about making money, spending it wisely now, and investing some to grow for future use. I recently spent an afternoon with a colleague of mine, helping her to take action on her financial future. As high income professionals, we are[…]

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Physician Finance Grand Rounds – Real Estate Edition

Welcome back for another Canadian Physician Finance Grand Round Personal finance is about getting the big things right. One of the big things is real estate, and that will be the theme this month. Housekeeping – This past month on Loonie Doctor: Swap ETF Basics: We reviewed how swap ETFs work and their general risks in April/May.[…]

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My Dirty Little 10000 Sqft Secret

Well, back when I wrote the post about using our home equity to invest and income split, I was only partially joking when I said that our house was like a castle. I actually originally put a picture of our house as the feature photo for that post, but then chickened out. You can now[…]

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Money & Mistakes Rounds – Building A Culture of Physician Financial Safety

“Primum non nocere” “First do no harm” first appeared in medical texts in the 17th century. While not verbatim in the original Hippocratic Oath, the spirit was there and it is one of the ethical pillars that underpins medical practice. Of course, the practice of medicine in the real world is much more complicated. We[…]

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HBB Swap-ETF or ZDB Discount Bond Fund In a Corporate Account Versus The Legislator

Horizon’s HBB Canadian Bonds Total Return Index (TRI ETF) could play a role in the corporate investment accounts of Canadian high income professionals. We are not machines. One of the frailties of being a human investor is that we can easily fall prey to our emotions. Big swings, or volatility, in the value of the[…]

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