Tax Implications of Gift Gifting From Your Medical Practice
As the holiday season approaches, doctors often give gifts to colleagues, administrative staff, nurses, and professional advisors. While these gestures...
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11 Reasons Why Physicians Contribute to RESPs
As veterans of higher education, physicians often anticipate that their children will carry the torch of post-secondary learning. Physicians can...
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Physician New to Canada? What you need to know about Canadian Personal Taxes.
Are you a physician that moved to Canada in the last year? If so, these are some things that you...
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Basic Overview of Canadian Personal Taxes
Personal tax season is upon us and as you gather your personal tax documents you may be wondering “How are...
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I Just Called to Scam You
How to determine if it’s CRA on the line. Over the past few years, scam phone calls from individuals claiming...
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RRSP or TFSA
RRSPs and TFSAs are both “registered” investment accounts, which means that they receive special tax treatment that is not applicable...
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Month of Giving (Part 3): Donation of Securities
Instead of liquidating securities to fund donations, it may be more tax efficient to donate securities directly to charitable organizations....
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Month of Giving (Part 2): Tax Efficient Donating
Many physicians in Canada have incorporated their practices, as there are significant tax benefits to doing so. This then provides...
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Month of Giving (Part 1): Donation Tax Credit Refresher
December is the month of giving. While deciding which charitable organizations you wish to support this year, the following donation...
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The Season of Giving – is it taxable?
As the holiday season approaches, it is not unusual for doctors to provide gifts to their employees, hospital administrative staff,...
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Financial Considerations of Buying a Home
There is a lot to think about when you buy your first home. What colour should you paint the...
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Fall Economic Update 2022 – A 5 Minute Summary of the Relevant Provisions for Physicians
Overall Analysis: New details were scarce in the 2022 Fall Economic Statement; for the most part, the Honorable Chrystia Freeland...
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Moving Expenses: When are they deductible for physicians?
Are you a physician who moved in 2022, or are considering a move in 2023? If so, your moving expenses...
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First Home Savings Account (FHSA) – Newly Announced Updates to the Program
This article has been updated for the draft legislation proposals from the Department of Finance ‘Design of the Tax-Free First...
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The Self-Employed Physician
How to Organize Yourself for Personal Tax Filing Step 1: Be Aware of Your Income & Expenses As...
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4 Common Tax Questions from Manitoba Resident Physicians
The most frequent questions we receive from resident physicians relate to their ability to claim various tax credits and deductions....
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