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Understanding the New Capital Gains Tax Rules and How They Affect You
Effective June 25, 2024, significant changes to the capital gains tax rules came into effect in Canada. As a business owner, it's essential to understand these changes and how they [...]
How to Manage Financial Risks as a Dentist
In the complex world of dentistry, financial risk management for dentists goes far beyond simple professional liability insurance. As a dental professional, you face a unique set of financial challenges [...]
Understanding Risk Tolerance: The Key to Sound Investing
For many investors, particularly those going it alone, there's a significant pitfall that can dramatically influence their investment outcomes: not understanding their risk tolerance. This is especially common among [...]
Why Trying to Time the Market is a Flawed Strategy for Physicians
In the world of personal finance and investing, there's a persistent debate about whether one can or should try to time the market. Many individuals, driven by a mix of [...]
Financial Planning Is More Than Investing
A common misconception prevalent among many, including physicians, is that financial planning solely revolves around investing. While investing forms a substantial component of financial planning, a comprehensive and successful [...]
Beyond Procrastination: Early Financial Planning for Physicians
“He who fails to plan is planning to fail” – Winston Churchill Winston Churchill's words hold significant weight, especially for physicians who juggle a demanding career with personal financial [...]
Income Splitting: An Effective Tax Saving Strategy
Earn more, pay more. That’s the outcome of the Canadian graduated tax system. It doesn’t, however, have to be the only inevitable outcome. You may be able to take [...]
How to Keep Your TFSA Aligned With Your Goals
This year, you can contribute $6,500 to your Tax-Free Savings Account (TFSA), bringing the cumulative total of TFSA contributions to $88,000, or $176,000 between a couple. This means that [...]
RRSP, TFSA, or RESP – Where to Invest First?
Whether you own a business, or a healthcare practice, or you are a working professional, you want to invest your hard-earned income wisely. A prudent investment will be one [...]
What to Do And Not Do In Volatile Markets!
Recession. Inflation. Bear markets. These are just a few of the terms that can strike fear into the heart of even the most experienced investor. And with good reason [...]
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