Financial Planning for Doctors
As a doctor, you may feel like there are never enough hours in the day to get all your work done! While we can’t help you with your patients, we can help you with financial planning no matter what stage of your career you’re at. We provide tailored advice for newly graduated doctors, established physicians at different career stages, and those planning for retirement — focusing on cash flow, tax efficiency, debt management, and long-term wealth preservation.
<ul>
<li><strong>Newly Graduated Doctor:</strong> Start right with debt minimization, RRSP planning, and saving for major goals.</li>
<li><strong>Established Doctors:</strong> Incorporation, RESP for children, long-term investing, and estate planning as your needs evolve.</li>
<li><strong>Retirement Planning:</strong> Optimize CPP/OAS timing, reduce taxes, and structure income in retirement.</li>
</ul>
Our financial planning for doctors covers cash flow and budgeting, tax minimization strategies, investment planning, insurance and risk management, incorporation and corporate planning for professionals, and estate & legacy planning. We build pragmatic plans which fit your busy schedule and professional goals, ensuring you make the most of your income while protecting your family and future.
<strong>Newly Graduated Doctor</strong><br/>
All your hard work has paid off — you’ve graduated from medical school, and now it’s time to focus on your future. We support new doctors with debt minimization, cash flow budgeting, tax planning, setting up RRSPs, and saving for a home down payment.<br/><br/>
<strong>Established Doctor — Early Part of Career</strong><br/>
By this career phase you may have paid off a good chunk of student loans. Focus shifts to new goals such as opening RESPs for children, considering a side business or professional incorporation, long-term investing, and estate planning. We help with annual cash flow planning and tax minimization.<br/><br/>
<strong>Established Doctor — Mid Career</strong><br/>
In the middle of your career you need to focus on saving and investing wisely while continuing to reduce debt. You may be supporting children’s education or aging parents. We help with comprehensive wealth accumulation strategies and discuss specialty financial products like trusts or holding companies where appropriate.<br/><br/>
<strong>Established Doctor — Last Stage of Career</strong><br/>
As you near the end of your full-time practice, plan for retirement transition decisions such as selling a practice or moving to part-time, determine cash flow and insurance needs during retirement, and optimize income to minimize taxes.<br/><br/>
<strong>The Retired Doctor</strong><br/>
In retirement you have more time to relax, but financial planning remains vital. We discuss CPP timing, avoiding OAS clawback, tax-efficient income strategies, updating wills, estate planning, and options for charitable giving, trusts or foundations.
<ul>
<li>Cash flow & budget planning</li>
<li>Debt management & student loan strategies</li>
<li>Tax planning for incorporated professionals</li>
<li>Retirement income & CPP/OAS optimization</li>
<li>Investment portfolio design & monitoring</li>
<li>Estate planning, wills & trusts</li>
<li>Insurance review: life, disability, liability</li>
</ul>
Ready to start planning?
If you’re a doctor looking to take control of your financial future, we can create a tailored plan that fits your career stage and life goals. Book a meeting to discuss a step-by-step plan for cash flow, tax efficiency, investments and retirement readiness.
<strong>Contact:</strong><br/>Phone: (replace with phone)<br/>Email: <a href=”mailto:replace@youremail.com”>replace@youremail.com</a>