Doctors of BC recently sent out their annual reminder to claim your CPRSP benefits. This is a great time to revisit whether contributing to an RRSP or TFSA makes the most sense for you. Many incorporated physicians are working hard to save their … [Read more...]
Just for Doctors Newsletters
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Dec, 2025 Five Tax Planning Tips before the End of 2025
December 11, 2025 by
The end of 2025 is near; however, there is still time for some tax planning tips for year-end tax savings! Trigger Capital Losses The markets were high in 2025, and you may have triggered capital gains in your personal non-registered investment … [Read more...]
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Dec, 2024 Don’t Forget to Claim Your CPRSP Benefits
December 13, 2024 by
The Doctors of BC administers the Contributory Professional Retirement Savings Plan (“CPRSP”) enabling physicians to receive funds towards their retirement without any required matching contributions. Key points to note re: the program are as … [Read more...]
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Dec, 2024 Five Tax Planning Tips before December 31
December 13, 2024 by
The end of 2024 is near, however there is still time to take care of some tax planning items to ensure you don’t miss out on year-end tax savings! Capital Gain Loss Harvesting In previous years, a common tip was to consider selling any stocks … [Read more...]
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Dec, 2024 Income Split Your Corporate Investment Income
December 13, 2024 by
Most doctors are familiar with the Tax on Split Income (“TOSI”) rules that limit the ability to split income with spouses or other family members. There are a few common exemptions where TOSI does not apply such as when the family member worked more … [Read more...]
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Jun, 2024 Capital Gain Tax Changes Coming June 25th Pass Vote
June 13, 2024 by
On Monday the Liberal government introduced a Notice of Ways and Means Motion to implement the proposed capital gains tax changes announced in the Spring Federal Budget. The motion passed with the support of the NDP and Bloc Quebecois. The … [Read more...]
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May, 2024 Planning for the Capital Gains Tax on your Real Estate Holdings
May 17, 2024 by
This is the final article of our three-part series on planning for the increased capital gains tax. Our first article outlined the upcoming changes to the capital gains tax and considered if you should pay that tax now or defer it into the … [Read more...]
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May, 2024 Accessing the Tax-Free Capital Dividend Account
May 16, 2024 by
This is part two of our three part series on planning for the increased capital gains tax. Our last article outlined the upcoming changes to the capital gains tax. We outlined whether or not you should pay that tax now at the lower 25% rate or … [Read more...]
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May, 2024 Planning for the Increase in Capital Gains Tax
May 14, 2024 by
This is part one of our three-part series on planning for the increased capital gains tax. On June 25, 2024, the federal government proposes to increase the capital gains inclusion rate. Currently, capital gains are only half taxable which means … [Read more...]
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Apr, 2024 The Federal Budget 2024 in a Nutshell
April 17, 2024 by
The 2024 Federal Budget (see link at bottom for complete budget) was released on April 16, 2024. The following are some of the key proposals announced. Enhancements to Home Buyers’ Plan (“HBP”) The budget proposes to increase the HBP limit from … [Read more...]
