Wealth Planning

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 [...]

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 [...]

  In October 2023, 100% Salary income from your corporation is the way to go for 90%+ clients. The very few outliers are typically new clients who approach us at or near the end of the year. The lack of prior planning isn’t too costly, but it’s certainly not the most efficient when you [...]