Learn the best RESP contribution strategy for those with a large lump sum to invest in an RESP. The anwer depends on income, returns, and timeline.| Physician Finance Canada
The new tax laws for passive investment income in Canadian professional corporations can impact physicians or other high income professionals with a high savings rate.| Physician Finance Canada
The new federal tax laws for investment income in professional corporations and small businesses will have different potential impacts on retirement saving for physicians and other high income professionals.| Physician Finance Canada
Refundable Dividend Tax on Hand (RDTOH) is a refundable portion of the tax collected on passive investment income in a professional corporation (like an MPC) or Canadian controlled private corporation (CCPC). Understanding it helps to reduce your tax bill.| Physician Finance Canada
An RRSP (registered retirement savings plan) is one of the best tax shelter accounts for Canadians to save for retirement. This includes doctors and high income professionals. In fact, they can benefit the most.| Physician Finance Canada
Use a TFSA to maximize your tax-free income in retirement. The tax-free savings account rules, strategies, and potential pitfalls are discussed.| Physician Finance Canada