Most physicians have accountants but are often missing:

• Asset location and tax efficiency: structuring investments across corporate and personal accounts to improve after tax outcomes

• Corporate investment strategy: Managing how investments are made inside the corporation to minimize unnecessary tax drag including the impact of passive income rules

• Cash flow and extraction planning: Determining when and how to move capital from the corporation – balancing tax deferral today with future flexibility

• Income management inside the corporation: reducing unintended passive income exposure and preserving small business deduction eligibility where possible

• Insurance as a planning tool: Using corporate-owned insurance strategically, including tax-efficient capital extraction and estate planning considerations

• Liquidity and borrowing decisions: Evaluation when it makes sense to draw from the corporation versus borrowing personally to meet cash flow needs

• Coordination with your accountant: Ensuring alignment on key items such as RDTOH, CDA balances and book value tracking – so decisions are made proactively, not at year end.

Specialized planning tools for specific situations:

• Pension Planning/IPPs: For certain physicians these can build tax-efficient retirement income greater than an RRSP

• Insurance (including IFAs): Tax-free extraction from the corporation

• Estate planning: Specialized planners ensuring there is a clear plan and coordination with your legal and tax advisors

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