Incorporation opens the door to advanced financial strategies for Canadian physicians — but one of the most critical decisions you’ll face is how to draw income from your professional corporation. Should you pay yourself a salary, take dividends, or adopt a blended strategy? Each path carries distinct implications for taxes, retirement planning, and cash [...]
Retirement isn’t just a milestone — it’s a lifestyle decision. For incorporated physicians, it’s about building a future that reflects the discipline and sacrifice of your career. At Imperial Lifestyle Management, we understand that choosing the right retirement vehicle isn’t a simple numbers game. It’s about aligning your long-term financial strategy with the life [...]
Stepping into practice as a newly licensed physician is a milestone of ambition and dedication. Yet, as income rises and life gets more complex, managing that success demands more than clinical excellence—it requires thoughtful financial planning. At Imperial Lifestyle Management, we've guided hundreds of physicians through the crucial early stages of their financial journey. [...]
A Personal Pension Plan (PPP) is an advanced retirement planning strategy tailored for incorporated professionals—particularly physicians. It combines features of both defined benefit and defined contribution plans, creating a hybrid model that evolves with your career trajectory. Unlike RRSPs or even IPPs, a PPP offers a more strategic, structured, and flexible path to building [...]
Starting Your Medical Career in Canada in 2025? Here’s What You Need to Know Financially You’ve worked hard to earn your white coat. Now, as you begin practicing medicine in Canada, it’s time to take control of your finances with the same precision and intention you bring to your patients. At Imperial Lifestyle Management, [...]
Now that April 30 is in the rearview mirror, most Canadians breathe a sigh of relief — but if you’re an incorporated or self-employed physician, this is not the time to go idle. The weeks following tax season are among the most strategic for high-earning professionals to recalibrate and realign with broader financial goals. [...]
 In today’s increasingly complex healthcare environment, strategic financial planning is essential for physicians who want to build sustainable, successful careers. At Imperial Lifestyle Management, we understand the distinct challenges facing Canada’s medical professionals — and we know that creating a well-structured Cash Flow Plan (CFP) is one of the most powerful steps toward long-term financial [...]
As tax season approaches, many medical professionals across Canada find themselves navigating the complexities of tax filings. Whether you're a physician, resident, or specialist, managing intricate financial details and staying compliant with ever-changing tax regulations can be daunting. At Imperial Lifestyle Management, we specialize in comprehensive financial planning for medical professionals, ensuring your wealth [...]
As financial advisors specializing in the unique needs of medical professionals, Imperial Lifestyle Management is here to simplify your tax planning and help you maximize your deductions. A key principle to keep in mind: you can deduct from income any expense incurred to earn that income. While there are exceptions and limitations, this rule [...]
Managing finances effectively is vital for physicians, whether operating a private clinic, working in a hospital, or navigating multiple roles within the healthcare sector. A well-structured financial plan goes beyond monitoring expenses—it’s a cornerstone for sustaining the financial health of your practice. At Imperial Lifestyle Management, we specialize in empowering Canadian physicians to achieve [...]
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