Early Career
Even though incomes are rising, new financial stresses like finding housing or taking care of family can cause some to lose focus and fail to take steps towards financial independence. Decisions made at this stage can be critical to your future, and you must understand that time is a young investor's best friend; not taking action can be harmful. This page is dedicated to providing insights and strategies for achieving financial stability for doctors, addressing common challenges faced in the early stages of their careers.
Through real-life examples and case studies, I illustrate how doctors can navigate financial stresses and make informed decisions that pave the way for a secure financial future.
Understanding RESPs in 2025: How Jennifer Took Control of Her Children's Education Savings
Jennifer wanted a simple, effective way to save for her daughters’ education—without the jargon or complexity. By starting RESPs early, contributing consistently, and tracking performance with an annual four-point review, she’s setting them up for a bright future. Here’s how her RESP plan works in 2025—and how you can do the same.
Income vs. Dividends from Your Medical Corporation: Maximizing Tax Efficiency in 2025
Should you pay yourself salary or dividends from your medical corporation? Learn how to optimize RRSP contributions, minimize taxes, and navigate the 2025 capital gains inclusion rate changes. A must-read for Canadian physicians and incorporated professionals.
Financial Benefits of Incorporation for Early Career Physicians: Shane’s Journey
Three years into his practice as a nephrologist, Shane’s accountant pointed out that most of his other physician clients were incorporated and he should do so as well. The explanation was a blur of figures and jargon which this brilliant kidney specialist was embarrassed to admit did not make much sense to him. He asked if we could review the proposal.