Finance

In the fast-paced world of healthcare, where every moment matters, medical professionals often become so immersed in their demanding roles that financial planning is often overlooked. However, managing finances is just as essential as delivering exceptional patient care. The Temptation of Speculation Speculative investments, known for their high risk and potential for significant rewards, [...]

As a Canadian medical professional, navigating the landscape of financial planning can be complex. Imperial Lifestyle Management is dedicated to simplifying this journey by providing expert guidance on various savings plans, ensuring your financial future is secure. In this post, we delve into four key savings vehicles: Registered Education Savings Plans (RESP), First Home [...]

Navigating Canada’s tax terrain demands a comprehensive understanding of eligible deductions, particularly for medical professionals. This detailed guide highlights professional dues deductions, in line with CRA guidelines, to optimize your tax return efficiently. Eligibility Criteria for Deducting Professional Dues The Canada Revenue Agency permits deductions for professional dues to support professionals in maintaining their [...]

For Canadian medical professionals embarking on their careers, the decision to incorporate extends beyond mere tax reduction. It's about choosing a path that integrates seamlessly with your comprehensive financial strategy. At Imperial Lifestyle Management, we dedicate ourselves to demystifying these complex choices, offering clear and strategic advice that matches your long-term financial aspirations. Incorporation [...]