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 [...]
As a Canadian doctor, running a busy medical practice often leaves little time to focus on your financial well-being. At Imperial Lifestyle Management, we specialize in financial planning tailored for medical professionals, helping you optimize your resources to secure a financially sound future. Here’s a guide on key financial planning considerations designed specifically for [...]
As a physician operating through a professional corporation in Canada, effective financial planning is essential for securing long-term wealth and stability. One of the most powerful tools for achieving tax-efficient growth is the Tax-Free Savings Account (TFSA). When strategically integrated into your financial strategy, TFSAs complement corporate savings, creating opportunities for personal wealth building [...]
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 liquidator—will oversee the distribution of your assets and ensure your final wishes are respected. Selecting the right person for this [...]
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 tax approach, and ensure your wealth-building efforts are on track. Here are five financial strategies to help you make the [...]
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