by Ricardo Ardiles | Pharmacy Owners, Recent Graduates, Retiring Pharmacists |
As the healthcare landscape continues to evolve, pharmacies have many opportunities to grow and diversify their services. However, it is essential to have an effective, multi-pronged strategy in place, and be aware of various considerations that can create challenges....
by Ricardo Ardiles | Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists |
The Lifetime Capital Gains Exemption (LCGE) is a tax provision in Canada that allows individuals to avoid paying taxes on capital gains from the sale of a qualified small business. This exemption was introduced to encourage entrepreneurship and small business growth...
by Ricardo Ardiles | COVID-19, Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists |
Pharmacists and pharmacy owners have the potential to become high-income earners, which then provides them with unique opportunities for further wealth accumulation through investment. This allows them the potential for successful investment, although, due to the time...
by Ricardo Ardiles | COVID-19, Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists |
In the proposed Budget 2024, the federal government is amending the Income Tax Act, effective June 25, 2024. This amendment will raise the inclusion rate for capital gains. For corporations and trusts, the rate will increase from one-half to two-thirds. For...
by Ricardo Ardiles | Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists |
The Home Buyers’ Plan (HBP) is a program that enables you to withdraw funds from your Registered Retirement Savings Plans (RRSPs) to purchase or build a qualifying home. The home can be either for yourself or a specified disabled person. The current maximum...
by Ricardo Ardiles | COVID-19, Pharmacy Owners, Recent Graduates, Reliefs, Retiring Pharmacists, Staff Pharmacists, Students |
The 2024 federal budget presents a series of proposals that could significantly impact the financial strategies of pharmacists and pharmacy owners. While these are only proposals still being discussed and not law yet, they provide insights into possible changes in how...
