CPPP Blog
Learn more about how the Canadian Physicians’ Pension Plan works and how it can benefit doctors much more than traditional RRSP’s. We’ve included videos, slide shows and articles to help educate and show how this can help doctors retire wealthier than they thought.
Three Key Advantages of Enrolling in the Canadian Physicians’ Pension Plan
As a physician in Canada, planning for retirement can be complex. Traditional pension plans available to employees in other industries may not be accessible to self-employed doctors or those in private practice. This is where the Canadian Physicians’ Pension Plan...
To HOOPP or not to HOOPP?
The big news for 2025 is the introduction of yet another pension plan solution for incorporated physicians (but only for those in Ontario). I’m referring to the recent public announcements by the Healthcare of Ontario Pension Plan (“HOOPP”) indicating that...
Nova Scotia Government paying up to $15,000 per year to retain doctors
SPECIAL NEWSFLASH FOR NOVA SCOTIA PHYSICIANS: Up to $15,000 in free cash to help with Retirement goals.As announced by Nova Scotia Premier Tim Houston on Wednesday, October 16, 2024, the Province is setting up a program to help its physicians save for retirement this...
Something unexpected: Doctors counting on other doctors dying to guarantee their own pension.
Recently, physicians have been told that if they join a multi-employer pension plan, they can count on receiving a defined pension that is guaranteed for life, much like the pension arrangements available to teachers, nurses, and civil servants. Such a promise of...
CORPORATE SAVINGS vs PENSION SAVINGS – a comparison
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...
Did you know that physicians can be compensated by the federal government for doing research?
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...
Federal Budget 2024 : With taxes on capital gains going up, how can the CPPP help?
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...
Why would a physician choose CPPP over saving through their Medical Professional Corporation (MPC)?
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...
Case Study: Physician aged 40 who only took dividends from Medicine Professional Corporation until now.
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,...