Part 1: Getting Started as Practicing Physicians in Canada and Understanding the Canadian Tax & Financial System: The Basics
As a Physician, your expertise lies in patient care—but navigating the complex world of taxes, contracts and running your own practise is just as essential to a successful medical career.
Join the Financial Fitness Team for this exciting comprehensive and practical session designed specifically for Physicians looking to gain confidence and control over their financial and professional futures in Canada. Gain the insights and tools you need to succeed—whether you're heading into a rural town or a bustling city clinic.
Key Topics Covered
📍 Rural vs. Urban Practice: What You Need to Know
Understand the differences in patient volume, resource access, community expectations, lifestyle, and income potential.
📍 Compensation Models & The Job Selection Process
Fee-for-service, capitation, blended models, salaried positions—understand how to evaluate offers and structure your practice accordingly.
📍 Skillsets to Help You Stand Out
From procedural skills to EMR optimization and cultural competency—what makes a physician indispensable in Canada.
📍 Contract Negotiation & Choosing the Right Clinic
Key clauses to watch for, red flags, and tips for assessing clinics or hospitals.
📍 Self-Employed vs. Employee: Pros & Cons
Understand the practical and financial differences between salaried roles and independent practice, including liability and benefits.
📍 Incorporation for Physicians
When and why to incorporate: tax deferral, income splitting, retirement planning, and asset protection.
📍 Bookkeeping & Business Expenses
Know what you can deduct, how to stay organized, and when to hire a professional.
📍 Navigating the Canadian Tax System
Filing, deadlines, and strategies specific to physicians—whether you're incorporated or not.
📍 Financial Planning & Wealth Building
Retirement savings, insurance, investment strategies, and debt management tailored to medical professionals.
❓ Live Q&A Session
Get your questions answered by industry experts and experienced physicians.
🎯 Ideal For:
Residents & new grads preparing for independent practice
International Medical Graduates (IMGs) new to Canadian practice
Practicing physicians looking to optimize their business or finances
Practice Managers, and Healthcare Professionals involved in financial and operational decision-making.