For Doctors, Your Medical Office Is a Financial Decision, Not Just a Business Expense
devuser2026-11-01T15:50:38-05:00
Pay your TFSA fees from outside the TFSA. It adds up.
Andrew Dennis2026-11-01T15:42:06-05:00Most people never think about how their investment fees get paid. The money just comes out of the account. But which account it comes out of matters, and for a TFSA it matters a lot. The problem Your TFSA is a tax-free bucket. Every dollar in it grows without tax, forever. When your advisor's [...]
Starting or Expanding a Medical Practice: Financial Planning Considerations for Physicians
Andrew Dennis2026-10-07T12:06:13-04:00Starting or expanding a medical practice is an important professional milestone. It can also change your financial picture significantly. New equipment, additional staff, larger premises and technology can require substantial capital. At the same time, your income, cash flow, borrowing needs and personal financial goals continue to evolve. For physicians, the goal is not [...]
Medical Clinic Agreements: What Canadian Physicians Should Know Before Signing
Andrew Dennis2026-09-22T15:22:19-04:00Successful medical doctors discussing diagnosis during the meeting. Group of doctor discussing work matter in the office at work. The medical team discusses treatment options with the patient. Joining an established medical clinic can be an important step in a physician’s career. The right arrangement can provide access to office space, administrative [...]
Investing Through Your Professional Corporation: A Guide for Ontario Physicians
Andrew Dennis2026-09-22T15:07:16-04:00For incorporated Ontario physicians, accumulating cash within a professional corporation can eventually raise an important question: should some of those funds be invested? Investing through a corporation can play a valuable role in a long-term financial plan. However, investments held corporately are taxed differently from investments owned personally. Understanding these distinctions can help physicians [...]
Growing Your Medical Practice? What to Consider Before Building Your Team
Andrew Dennis2026-09-22T15:07:16-04:00Expanding your medical practice by bringing on staff can be an important milestone. But hiring is more than adding another person to your team. It introduces payroll requirements, employment obligations, additional costs, and financial decisions that can influence the future of your practice.Before making your next hire, Canadian physicians should understand several key considerations.Get Your [...]
Your Mid-Year Compensation Review: Salary, Dividends, or a Strategic Blend for Canadian Physicians
Andrew Dennis2026-07-24T10:26:40-04:00The middle of the year is an ideal time for physicians to review how they are drawing income from their medical corporations. Whether you already operate an incorporated practice or are beginning to consider incorporation, choosing between salary, dividends, or a combination of the two affects far more than the amount deposited into your [...]
How Physicians Can Plan Their Finances for the Summer Slowdown
Andrew Dennis2026-07-24T10:26:40-04:00For many Canadian physicians, summer brings a welcome change of pace. It can also bring fewer appointments, reduced clinic hours, delayed elective procedures, and a temporary decline in billings. When your professional income fluctuates but your practice and lifestyle expenses continue, even a predictable slowdown can create pressure. The solution is not to react [...]
Real estate inside your medical corporation: opportunity or tax trap?
Andrew Dennis2026-06-28T19:42:14-04:00For physicians building wealth beyond the exam room, real estate can look like a disciplined move. It can offer recurring income, long-term appreciation, and a layer of diversification beyond public markets. But when you operate through a medical professional corporation, real estate is not just an investment decision. It is a tax, structure, liability, [...]
Turning Your Medical Corporation Into a Wealth Engine: The Power of Holding Companies
Andrew Dennis2026-06-28T19:42:14-04:00For incorporated physicians in Canada, a medical professional corporation, or MPC, can be an important foundation for managing income, organizing business finances, and creating a more structured approach to long-term wealth. But an MPC is often only the beginning. As your practice matures and retained earnings begin to accumulate, the question becomes less about [...]
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