Beyond MD Podcast Part 2: Paying Yourself Now & In Retirement
This was a continuation of the conversation between Dr. Yatin Chadha and on Beyond MD Podcast. Last week we discussed[…]
Read more
Personal finance blog for Canadian doctors and other high income professionals.
A Canadian physician blog for helping other Canadian physicians learn to manage and improve their financial health, invest, and build wealth to support them in having fulfilling careers and lives.
Beyond MD Podcast: Optimizing Your Professional Corporation Part 1
I recently had the pleasure of chatting with Dr. Yatin Chadha on his Beyond MD Podcast. Yatin has been podcasting[…]
Read more
Income Splitting Strategies For Canadians (Video)
Canada has a progressive taxation system attached to individuals. That means that households where the partners earn radically different incomes[…]
Read more
Corporate Tax Calculator & Compensation Planner
Over the past couple of months, I have put out a series of articles describing how corporate taxation works and[…]
Read more
When to Pay Yourself Extra From Your Corporation
The main benefit to most high-income professionals using a corporation is tax-deferred investing. In keeping with that, it is common[…]
Read more
Optimal Corporate Income-Splitting Strategies
Preceding posts reviewed an approach to how to pay yourself through your Canadian Controlled Private Corporation. Most corporation owners start[…]
Read more
Pension Basics For Self-Employed Professionals & Business Owners
I often hear physicians and other incorporated professionals lament that they don’t have a pension. Sometimes, that is tainted by[…]
Read more
Why To Pay Yourself Salary From Your Corporation
You primarily take money out of your corporation using salary, dividends, or both. In the preceding post, I discussed how[…]
Read more
Dividends To Maximize Your Corporate & Personal Cash Flow
In the last couple of posts, I discussed the basics of how money moves and is stored in a corporation.[…]
Read more
Corporation Account Types: Know Where The Money Is
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.
Read more