After years of hard work and sleepless nights, you’re doing your residency and are about to graduate. Congrats! Now, down to business. Your life is about to change drastically. What you may not realize is how easy it can be to make costly errors as you scramble to get a handle on medical practice finances.

Running a financially healthy practice comes with its own unique set of challenges and opportunities that demand financial acumen to navigate.

We get it: your schooling offered little financial planning insights for doctors, so it’s normal to feel like you don’t know what you don’t know. There’s a lot to learn about medical practice finances, so it’s normal to feel like you don’t know what you don’t know.

But you can relax. We’ve guided hundreds of residents through this transition from resident to practice. And we can help navigate big questions like:

How do I keep track of all your expenses?

How do I determine a personal expense from a practice-related expense?

How much should I set aside for tax this year?

What are tax instalments, and what should I do when I get an “instalment reminder” from the government?

Who should review my offer of employment, my independent contract, or my commercial lease?

Should I pay down my debt or invest?

How do I determine how quickly I should pay off my debts?

What are the potential tax implications of working outside of Canada?

Which tax structure is best for my circumstances: Sole proprietorship or incorporation?

How much will I need to live on?

How much should I save for a down payment on a house?

Personal Tax Return Preparation and Tax Planning

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Retirement Planning and Consultation for New-to-Practice Physicians

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Strategic Consultation and Business Advice

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