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Deborah Bongard
Christopher Bowlby
Mark Parent
Rosemary Hart

BMO Nesbitt Burns
1 First Canadian Place
40th Floor , P.O. Box 150
Toronto, ON
M5X 1H3

Financial Planning for Locums

Posted on: July 29, 2020

Working as a locum is one of the most common stepping stones in a physician’s career path. By undertaking a temporary position, a young doctor is able to gain valuable work experience and earn a salary while looking to secure a full-time position. While working as a locum, you are not an employee of a practice but rather a self-employed professional. This classification puts you in an interesting financial position that holds different tax implications, thus demanding different financial planning strategies.

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RRSPs and TFSAs for Incorporated Doctors

Posted on: July 29, 2020

For medical professionals, incorporating your medical practice comes with numerous benefits including a significant reduction of your tax liability which, in turn, allows you to save more for retirement. Through the appropriate use of RRSPs and TFSAs, you can save additional funds by managing how much income you decide to flow through from your CCPC to your T1.

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Coronavirus and Market Volatility

Posted on: March 18, 2020

The last five days (and few weeks) in the market has been characterized by the same panic that has taken over our nation’s supply of toilet paper with panic taking over any rational thought. The financial markets are in a “shoot first, ask questions later” mentality causing a flight to safety by any means necessary.

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What to Focus on During a Market Selloff

Posted on: March 9, 2020

On days like today, the markets test your mettle as an investor and a reminder that the prolonged period of low volatility and easy returns, such as 2019, are earned with periods of volatility. The markets usually move slowly up but violently down in times of panic. During these times of volatility, it is important to focus on the following six principals: ...

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