The greatest practical investment thinker and one of the best investors was Benjamin Graham. When the book; " The Intelligent Investor” was first published in the 1950s, it was hailed as the best book about investing to the general public ever … [Read more...]
Just for Doctors Newsletters
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Dec, 2019 Charitable Giving Costs Less Than You Think
December 10, 2019 by
Making a donation before December 31, 2019 not only benefits your favourite charity but also reduces your income taxes. The amount of tax savings depend on whether you make a cash donation or a gift of assets, including the securities, artwork or … [Read more...]
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Nov, 2019 Year-End Tax Saving Strategies for Doctors
November 24, 2019 by
As we approach the year-end, there is no better time than now to compile your checklist of tax saving strategies to reduce your income tax bill for 2019. Reduce tax on shareholder draws If you took large draws from your corporation, … [Read more...]
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Nov, 2019 How Much Retirement Income Do You Need?
November 24, 2019 by
In order to provide the best possible advice to clients, a financial planner needs to take into account: What should be the asset allocation for the particular client? How much income can the client safely withdraw to ensure that the … [Read more...]
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Nov, 2019 Top 7 financial mistakes doctors make (and how to avoid them)
November 12, 2019 by
Dr. James Dahle is a practising emergency physician in the US and the author of “White Coat Investor”, a popular financial guide for doctors. In one of his blogs he lists the big mistakes doctors make in handling their finances. Poor debt … [Read more...]
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Oct, 2019 Five Habits of Successful Investors
October 30, 2019 by
Poor investment returns can be blamed largely on investor behaviour rather than the performance of the investment. According to the research, investors deserve the blame because they lack the discipline and patience to weather stock market … [Read more...]
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Oct, 2019 Splitting Income Means Big Tax Savings
October 30, 2019 by
When you are in the 50% tax bracket, shifting income to a family member with a 20% tax rate, could generate a 30% tax saving. So, it would seem to make sense to transfer as much income as possible to your spouse and children. Of course, it isn’t that … [Read more...]
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Oct, 2019 What Party Promises the Best Tax Breaks For You?
October 15, 2019 by
Here is a comparison of the Federal Parties’ election platforms dealing with corporate and personal income tax. Depending which Party forms the next government on October 21, the proposed tax changes will have a big impact on the income tax you will … [Read more...]
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Oct, 2019 Anxiety, Depression and Phobias may be eligible for Disability Tax Credit
October 2, 2019 by
The Tax Court of Canada recently considered whether a taxpayer’s anxiety disorder qualified for the Disability Tax Credit (DTC). The taxpayer was a woman who had been diagnosed by a psychiatrist as suffering from severe social anxiety disorder. … [Read more...]
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Sep, 2019 Critical Illness Insurance – It’s Worth Another Look
September 17, 2019 by
You have good practice income, and you are well covered by life- and disability insurance. Any additional insurance does not seem necessary. Take a look at Critical Illness (CI) insurance. Once you learn more about it, the benefits become more … [Read more...]
