Physician Finance Canada

Physician Finance Grand Rounds – Anniversary Edition

The Loonie Doctor blog just turned one year old. I am eating solids and have largely stopped drooling. Thanks to[…]

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Build A Profitable & Fulfilling Practice- Go Where You Are Needed

Go Where You Are Needed In the first part of Loonie Doctor Wolverine origin story, you found out how I slid along the scale of altruism and greed to find that symbiosis is key to a healthy medical career. While I was fighting off ninjas and planning my ultimate attending job, I received the advice[…]

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For Career Fulfillment – Find Symbiosis

One of the pieces of advice that I casually dropped in the post about how to start and build your medical business was to “Go where you are needed“. This one short sentence is central to finance and fulfillment in the professional life cycle – one of the main taglines that I use for this site.[…]

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starting practice

Business Planning To Start & Build Your Medical Practice

This is the third post in a series to help new attending physicians get started off on the right financial foot. Previously, we discussed some early career major work and lifestyle choices with big financial impacts. That was followed with a checklist to tackle the big personal finance issues of debt, investing, cash flow, and calamity[…]

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physician insurance

New Attending Personal Finance Checklist

Getting off to a strong financial start as a newly minted attending physician has disproportionately large impacts longer term. In the preceding post, we touched upon some major work and lifestyle choices that new attendings face. A few years of continuing to work, live, and spend like a resident yields financial dividends early on that can compound[…]

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New Attending Physician Choices With Big Financial Impacts

The early lifecycle of a physician is rather caterpillar-like. Out of thousands of butterfly-wannabes, very few undergraduate eggs actually hatch and make it to the medical student larval stage. Like caterpillars, med students voraciously consume basic medical knowledge. When they have stored up enough, they enter the residency pupal stage. This is where the major[…]

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Physician Finance Grand Rounds – Anniversary Edition

The Loonie Doctor blog just turned one year old. I am eating solids and have largely stopped drooling. Thanks to everyone for being readers. I have spent the past year writing about finance, taxes, and investing that is geared towards Canadian physicians and other high-income professionals. It has been a great experience so far –[…]

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RV vacation budget

Is Our Motorhome a Money Saver or Sewer?

Those who follow my blog, besides my family who kind of have to ;), may be wondering what happened since I have not posted in about a month. Well, one of the good things about blogging is reflecting on whether you follow your own advice. I recently wrote about spending time and money wisely. My[…]

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Spending Wisely and FIRE – Lessons From My Patients

The last couple of weeks, I have written some 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 wisely with[…]

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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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