Pharmacy Blog
Should I Invest Inside My Pharmacy Corporation?
Should you invest inside your pharmacy corporation? On October 18, 2017, Federal Finance Minister Bill Morneau announced tax changes to passive investments held inside private corporations. Many business owners use surplus cash to create investment portfolios within...
Save for your Retirement in your Corporation and not Pay Tax on Passive Investments
Best Ways to Save For Retirement: What’s the most tax-efficient way to save for retirement and access those funds in your leisure years for a pharmacist? Many would say Registered Retirement Savings Plans or a Pension Plan. RRSP’s are certainly an efficient way to...
Matters of Life and Death: 5 Estate Planning Tips for Pharmacy Owners
An estimated 73% of Canadians will not have their final wishes be taken into consideration at death and/or distribution of their assets will be handled solely by generic government guidelines. Why? Because they lack estate planning. We have all heard the saying, or...
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Do you want to start saving thousands in tax every year?
Do you want to start saving thousands in tax every year?