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Salary or Dividends: What Compensation Strategy Should You Choose as an Entrepreneur?
For incorporated business owners in Quebec, there are several ways to pay yourself: salary, dividends, or both. Although this choice might seem straightforward, as an entrepreneur, it can significantly [...]
The “Not So Financial” Retirement Dilemma of Business Owners
Retirement is an exciting stage in a business owner’s life. It brings many possibilities, like chasing dreams of leisure, traveling to new places, or simply unwinding and enjoying the [...]
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 [...]
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 [...]
Wealth Management: What to Focus on at Every Stage of Your Life
As business owners in the health and medical profession, you have to wear different hats throughout the day. This includes caring for your patients, managing employees, approving purchases, and [...]
Jenny, I’ve Got Your Number
I was working with a client, trying to establish their goals, and ultimately set our sights on something measurable (a.k.a. “your number”). Hold up Darren – I don’t have a [...]
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