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...]
Just for Doctors Newsletters
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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...]
4
Sep, 2019 Harnessing the Power of Compounding
September 4, 2019 by
If you had to choose between a gift of $5 million today or one penny that would double in value daily for 31 days, which would you pick? If you chose the compounding penny option, you are the winner. That option would give you $10,737,418 in 31 days. … [Read more...]
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Aug, 2019 Insurance Mistakes to Avoid
August 19, 2019 by
The insurance costs for malpractice, life insurance, disability, and overhead are significant, yet many doctors spend even more money on insurance, often without receiving any more benefits. With every doctor at the early stages of the career … [Read more...]
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Aug, 2019 Distributing Your Estate Assets Fairly
August 7, 2019 by
Most of us have a cavalier attitude about preparing our last will. We seldom set aside the time such an important document deserves to address the unique circumstances of our family, practice, and financial lives. Your lawyer may, as a reward for … [Read more...]
