Basic Financial Curriculum Archives

Strategies to Withdraw Big Money From Your Corporation Tax Efficiently

February 10, 2023 The Loonie Doctor Basic Tax Planning

Canadian Controlled Private Companies (CCPCs), such as professional corporations, are excellent tax-deferred investing vehicles. However, to withdraw money from a[…]

Income Splitting Strategies for Canadians

February 3, 2023 The Loonie Doctor Basic Financial Curriculum, Basic Tax Planning

Spreading the income between both partners keeps marginal tax rates as low as possible. Like a sprinkler. Less evaporates via the tax bill and more soaks into the soil of the family plot to nourish your family. Learn how to plan your household’s financial irrigation system to grow your family’s financial garden. Even in the Canadian climate.

Pay Debt vs Start Your TFSA, RESP, or RRSP?

January 27, 2023 The Loonie Doctor Basic Financial Curriculum, Debt Management, Investing Basics

Most early career professionals are torn by competing priorities. Paying debt vs investing is one of the big dilemmas. Some[…]

My Net Worth Dropped. My Financial Goals Were Met.

January 20, 2023 The Loonie Doctor About, Financial Plan, Loonie Bin

In the preceding post, I unpacked my net worth for you to see and share my insights from that. One[…]

Unpacking My Net Worth

January 13, 2023 The Loonie Doctor About, Loonie Bin, Money Wealth & Financial Independence

Net worth is commonly used as a measure of wealth. It is simple to calculate (assets minus liabilties) and the[…]

Medical Student Debt Repayment in Early Practice

December 30, 2022 The Loonie Doctor Basic Financial Curriculum, Debt Management

Hopefully, you minimized debt during medical school and controlled it as a resident. Despite that, most physicians will still have[…]

Dealing With Medical Student & Resident Debt

December 23, 2022 The Loonie Doctor Basic Financial Curriculum, Debt Management, Loonie Bin

Medical training comes with a high upfront basic cost. However, you do have choices of how you handle the costs beyond those basics, both now and in the future. I will give some suggestions of how you can make it easier to be okay. Not just okay now, but to make yourself a financial super-power for the rest of your career.