Physician Finance Canada

When to Pay Yourself Extra From Your Corporation

August 11, 2023 The Loonie Doctor Basic Tax Planning

The main benefit to most high-income professionals using a corporation is tax-deferred investing. In keeping with that, it is common[…]

Optimal Corporate Income-Splitting Strategies

August 4, 2023 The Loonie Doctor Basic Tax Planning

Preceding posts reviewed an approach to how to pay yourself through your Canadian Controlled Private Corporation. Most corporation owners start[…]

Pension Basics For Self-Employed Professionals & Business Owners

July 14, 2023 The Loonie Doctor Basic Financial Curriculum, Basic Tax Planning

I often hear physicians and other incorporated professionals lament that they don’t have a pension. Sometimes, that is tainted by[…]

Why To Pay Yourself Salary From Your Corporation

July 7, 2023 The Loonie Doctor Basic Financial Curriculum, Basic Tax Planning

You primarily take money out of your corporation using salary, dividends, or both. In the preceding post, I discussed how[…]

Dividends To Maximize Your Corporate & Personal Cash Flow

June 30, 2023 The Loonie Doctor Basic Financial Curriculum, Basic Tax Planning

In the last couple of posts, I discussed the basics of how money moves and is stored in a corporation.[…]

Corporation Account Types: Know Where The Money Is

June 16, 2023 The Loonie Doctor Basic Financial Curriculum, Basic Tax Planning, Uncategorized

A corporation has different accounts to optimally hold your money. There are also notional accounts that only exist on paper. Still, those can mean real money through the tax refunds and advantages they offer. Learn how.

Income Smoothing Using A Corporation To Reduce Tax

June 9, 2023 The Loonie Doctor Basic Financial Curriculum, Basic Tax Planning

The better you can regulate your income and personal cash flow using a corporation, the more money you have to spend now or invest for the future. Learn how.