“I’ve saved the money to pay my income tax. Now all I have to do is borrow some to live on.” Lou Costello How did you survive the tax season? You probably feel you paid more than your fair share of the $145 billion of personal income … [Read more...]
Just for Doctors Newsletters
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Apr, 2019 Creditor proofing your assets
April 17, 2019 by
There are three basic objectives when planning for your retirement: Maximize your wealth: work hard and live frugally. Pay the absolute minimum tax on your income. Don't have creditors steal your retirement nest … [Read more...]
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Apr, 2019 Not happy with your investment returns? Find a new portfolio manager!
April 17, 2019 by
If you find that your investment portfolio manager is making more money from your portfolio than you are, you may want to put an end to this unproductive relationship quickly. The money you put aside for retirement comes from spending long hours in … [Read more...]
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Apr, 2019 The incredible shrinking investment return
April 2, 2019 by
You are investing in the Canadian stock market which has enjoyed a robust average annual growth of 8.5 per cent for the last 30 years. Yet, your investments have you perplexed or more likely depressed, because these stock market gains are not … [Read more...]
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Apr, 2019 Federal budget splurges on zero emission vehicles
April 2, 2019 by
The government in its latest federal budget has put aside $300 million as an incentive to purchase zero emission vehicles (ZEV). The monies will be spread over three years and will give buyers $5,000 toward the purchase of a ZEV. The incentive … [Read more...]
2
Apr, 2019 Manage energy, not time
April 2, 2019 by
The number of hours in a day is fixed, but the quantity and quality of energy available to us is not. This fundamental insight is the main theme in the book “The Power of Full Engagement” by Jim Loehr and Tony Schwartz. The book came out 10 years … [Read more...]
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Mar, 2019 The 2019 Federal Budget – what’s in it for you?
March 21, 2019 by
Spoiler alert: the dividend to capital gain conversion survived Here is an executive summary of Tuesday’s Budget: No Tax Rate Reductions– the 2019 Federal Budget contained no personal or corporate tax rate reductions. Intergenerational … [Read more...]
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Mar, 2019 Life after medicine: retirement tips from doctors who are already there
March 21, 2019 by
The American Medical Association surveyed 1,200 retired physicians for its 2018 report on retired physicians to find out what makes for a successful retirement. The report found a large majority of retired doctors – 80 per cent – have a satisfying … [Read more...]
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Mar, 2019 Should you delay receiving old age security benefits?
March 21, 2019 by
Anybody age 65 or older who has lived in Canada for at least 40 years after age 18 is eligible to receive the maximum Old Age Security (“OAS”) benefit. For the first quarter of 2019, the maximum monthly payment is $601.45. No contributions are … [Read more...]
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Mar, 2019 Tax Deduction Checklist
March 7, 2019 by
Meals and Entertainment Maximum amount that can be claimed is 50% of the actual cost of food, beverages and entertainment and incurred. The 50% limit also applies to gift certificates for food and beverages and tickets to … [Read more...]
