Navigating Your Financial Journey - Essential Tips for Physicians New to Practice
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Event
Event
Professionals
Starting your practice as a physician comes with a unique set of financial challenges and opportunities. Join us for this informative webinar where we’ll cover the critical financial aspects you need to be aware of as you begin your journey. Whether you’re wondering about income management, tax obligations, or the benefits of incorporation, our presenters will guide you through the essentials.
Watch the webinar
Date
Tuesday, September 24, 2024
Time
7:00 PM - 8:00 PM (EDT)
Agenda
Topics covered:
- Understanding Changes in Income and Expenses - Navigate the financial shift as you transition into practice, including how to manage fluctuating income and new expenses.
- The Importance of Recordkeeping - Learn best practices for tracking your income, expenses, and organizing receipts to ensure compliance and financial clarity.
- Navigating Tax Obligations - Get insights into what taxes you’ll owe by the April 30th tax deadline, and how to manage instalments to avoid penalties.
- Incorporation vs. Sole Proprietorship - Explore the pros and cons of these business structures, including tax deferral opportunities and income strategies like salary vs. dividends.
- Maximizing Your Savings with RRSP, TFSA, and FHSA - Understand the advantages of these savings vehicles and how they can fit into your overall financial plan.
Location
Webinar
