Learn more about different ways to use a budget and I'll also provide some links to spreadsheets or apps that may help you.| Physician Finance Canada
Paying attention to tax planning reduced our annual tax bill by half. Learn about some of the strategies that I used.| 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
This page houses articles that I have written about using a Canadian Controlled Private Corporation (CCPC). These can go by[...]| Physician Finance Canada
A corporation has different accounts to optimally hold your money. There are also notional accounts that only exist on paper. Still, those can mean real money through the tax refunds and advantages they offer. Learn how.| Physician Finance Canada
Income smoothing is one of the major benefits of using a corporation for tax planning. It can help you plan for when you have gaps income. If you have plan major purchases coming up, an income smoothing plan can help you keep more of your money. The better you can regulate your income and personal cash flow using a corporation, the more money you have to spend now or invest for the future.| Physician Finance Canada
In the last episodes, we've been talking about using a Canadian Controlled Private Corporation to invest. However, the main reason why corporations exist is to run businesses through. As a small business owner, it is important to know how to pay yourself from your business. Whether incorporated, or as a sole proprietor. Compensating yourself can| The Money Scope Podcast
Learn how a capital gains harvest can either boost corporate tax deferral or your personal investments. Best before date: June 25, 2024.| Physician Finance Canada