As a medical professional, you’re no stranger to making critical decisions, and choosing an executor for your will is one of the most significant ones you’ll make. The executor—sometimes called an estate trustee or [...]

For medical professionals, a robust financial strategy is critical to achieving peace of mind and long-term success. The beginning of a new year provides an excellent opportunity to evaluate your financial plans, optimize your [...]

  In the dynamic world of medicine, where every moment is valuable, medical professionals often dedicate so much energy to their demanding careers that financial planning takes a backseat. However, managing your financial future [...]

As autumn approaches, medical professionals in Canada face unique financial planning needs that require careful attention. This season provides an ideal opportunity to reassess your financial strategies and prepare for the year ahead. At [...]

Financial planning is a crucial aspect of every professional's life, but it becomes even more essential for doctors in Canada who juggle demanding schedules and intricate financial landscapes. At Imperial Lifestyle Management, we understand [...]

Managing finances as an unincorporated physician in Canada comes with its unique set of challenges and opportunities. At Imperial Lifestyle Management, we are committed to providing unincorporated physicians with the insights and strategies necessary [...]

  The intricate nature of decision-making within the medical profession is deeply rooted, often navigating through choices that embody distressing and complex situations. The article, "No Pain-Free Options? Choose the Most Empowering,"(read here) illuminates the [...]

As we journey through 2023, it’s paramount for medical residents and students in Ontario to be well-versed in the array of tax-saving strategies at their disposal. Effective tax planning not only bolsters your current [...]

For years, many professionals, including doctors, lawyers, and small to mid-sized business owners, have been taking advantage of a tax-efficient way of withdrawing cash from their corporations called capital gains surplus stripping (CGSS). In [...]

Accounting services play a crucial role in the financial management of Canadian doctors' practices. With the complexities of tax regulations and the unique financial considerations within the medical profession, doctors often rely on professional [...]

Your financial choices during residency pave the way for a prosperous future. Therefore, it’s critical to manage your funds without delay. You may progressively pay off your student debt by creating a workable budget [...]

Tax season is here! A large number of individuals end up missing the personal tax deadline, which is May 1st, 2023 this year. The deadline usually falls on April 30th, but as this falls [...]

Having a financial plan, no matter what your financial goals are - saving for your children's school, retiring comfortably, or leaving something to your loved ones – is critical. It allows you to get [...]

What are the Tax Advantages of Donating to Charity as a Medical Professional? Any Canadian medical professionals who make charitable donations are eligible for a significant tax credit. We Canadians are a helpful bunch, [...]

When you're a first-time buyer, finding a home that you can afford can be difficult. As of 2019, the federal government allows home buyers to borrow up to $35,000 from their RRSPs to assist [...]

A financial adviser does more than handle your money; they can also assist you in managing your life. Although we’d like to deny it, money is closely linked to almost every important aspect of your [...]

Family offices are firms designed to serve high-net-worth families by providing them with a wide range of services tailored to their unique needs. The main responsibilities of a family office include administration, managing client cash [...]

Tax Credits and Deductions Claiming tax credits and tax deductions is an easy way to lower your amount of tax owing and increase your chances of having a larger refund. While there are hundreds of [...]

Life insurance is not just a financial decision, it’s also an emotional decision. Most of us don’t want to think about what will happen in the event of our death, but that doesn’t mean we [...]

As a physician, you are subject to higher taxation rates, which can make it difficult to maximize your wealth and reach your long-term financial goals. The main reasons why physicians incorporate are to benefit from [...]

Purchasing a home is one the largest investments you will make over the course of your life. Many physicians will begin to think about purchasing their first home some time after residency. Once they have [...]

No one could have foreseen this pandemic nor the impact it has had on all of us. It has caused us all to stop, pause and ask ourselves how could I have been better prepared [...]

Estate planning can present the greatest set of challenges for financial advisors. Doing it right means helping clients confront their mortality, employ an array of financial strategies and navigate potential tension among family members. The [...]

Choosing a financial advisor is tough. There are generally a lot of options so how do you differentiate the crème de la créme of advisors who you can really trust to manage your hard-earned money? [...]