by canadianphysicianspensionplan | Jul 9, 2024 | CPPP Information
Many physicians will have accumulated retained earnings in the non-registered corporate investment account of their Medical Professional Corporation over the years. This money can generate interest and can be disbursed in the form of dividends in retirement. We refer...
by canadianphysicianspensionplan | Jun 10, 2024 | CPPP Information
Typically, physicians are wearing many hats all at the same time and it doesn’t always work in their favour. . Dr. Tran has a little secret that some physicians may not be aware of… being compensated by the government for doing research connected to a medical practice...
by canadianphysicianspensionplan | Apr 25, 2024 | CPPP Information
The Federal government is looking for new sources of tax revenues to pay for proposed spending and it has decided that the business community, including physicians that are incorporated, would be a good source of tax revenue. The proposed change to the Income Tax Act...
by canadianphysicianspensionplan | Mar 27, 2024 | CPPP Information
If the goal of the physician is to set aside funds for retirement, two separate paths emerge: either keeping retained earnings invested in the MPC’s non-registered (taxable) investment account OR making a contribution to a registered pension plan such as an IPP or...
by canadianphysicianspensionplan | Mar 6, 2024 | CPPP Information
A common situation we encounter is physicians who have incorporated but receive advice that includes never taking any T4 income from their Medicine Professional Corporation (“MPC”), preferring instead the simplicity of receiving dividends. By the time they turn 40,...
