Financial News

Should You Pay Yourself Salary, Dividends, or Both? A Physician’s Guide to Compensation in Canada

2025-10-01T01:15:51-04:00

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 [...]

Should You Pay Yourself Salary, Dividends, or Both? A Physician’s Guide to Compensation in Canada2025-10-01T01:15:51-04:00

Understanding HOOPP: Stability with a Long-Term Horizon

2025-10-01T01:15:28-04:00

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 [...]

Understanding HOOPP: Stability with a Long-Term Horizon2025-10-01T01:15:28-04:00

Financial Planning Mistakes We See New Doctors Make — And How to Avoid Them

2025-10-01T01:15:09-04:00

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. [...]

Financial Planning Mistakes We See New Doctors Make — And How to Avoid Them2025-10-01T01:15:09-04:00

Retire on Your Terms: How a PPP Aligns with a Physician’s Financial Life

2025-10-01T01:14:45-04:00

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 [...]

Retire on Your Terms: How a PPP Aligns with a Physician’s Financial Life2025-10-01T01:14:45-04:00

Starting Your Medical Career in Canada in 2025? Here’s What You Need to Know Financially

2025-10-01T01:14:25-04:00

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, [...]

Starting Your Medical Career in Canada in 2025? Here’s What You Need to Know Financially2025-10-01T01:14:25-04:00

Cash Flow Strategy for Medical Professionals: Build Wealth with Confidence

2025-10-01T01:12:42-04:00

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 [...]

Cash Flow Strategy for Medical Professionals: Build Wealth with Confidence2025-10-01T01:12:42-04:00

Important Tax Deadlines for Canadian Medical Professionals in 2025

2025-10-01T01:11:29-04:00

As tax season approaches, it's essential for medical professionals across Canada to stay ahead of crucial deadlines and take advantage of tax-saving opportunities. Whether you're managing a demanding practice, completing your residency, or juggling expenses, early preparation can significantly ease the tax filing process. At Imperial Lifestyle Management, we specialize in helping physicians, residents, [...]

Important Tax Deadlines for Canadian Medical Professionals in 20252025-10-01T01:11:29-04:00

The Smart Medical Professional’s Guide to Debt in 2025: What to Keep, What to Cut, and How to Maximize Your Money

2025-10-01T01:11:10-04:00

Tax season isn’t just about filing returns—it’s an opportunity to restructure your finances, minimize liabilities, and set yourself up for long-term wealth. For many medical professionals, debt is a major stressor, but not all debt is bad. When managed strategically, it can be a powerful financial tool. With rising interest rates and evolving tax [...]

The Smart Medical Professional’s Guide to Debt in 2025: What to Keep, What to Cut, and How to Maximize Your Money2025-10-01T01:11:10-04:00

Financial Planning Essentials for Doctors in Canada: Expert Strategies for Long-Term Wealth

2025-10-01T01:10:43-04:00

Managing your finances as a medical professional can be challenging, especially with the demands of your career. Whether you're a new resident or an experienced physician, strategic financial planning can significantly impact your long-term wealth and security. This guide covers essential financial strategies tailored for Canadian doctors, helping you optimize tax efficiency, protect your [...]

Financial Planning Essentials for Doctors in Canada: Expert Strategies for Long-Term Wealth2025-10-01T01:10:43-04:00

Comprehensive Guide to Navigate the Latest Capital Gains Tax Updates

2025-10-01T01:00:26-04:00

With recent changes in tax regulations impacting capital gains, it’s crucial for medical professionals to stay updated and refine their tax planning tactics. Being well-informed can prevent significant tax liabilities, ensuring you retain more of your hard-earned money. This guide will assist you in efficiently navigating the new tax environment. Decoding the Updated Capital [...]

Comprehensive Guide to Navigate the Latest Capital Gains Tax Updates2025-10-01T01:00:26-04:00
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