What types of strategies do we recommend?
We can help you decide whether to incorporate or not. And if you are incorporated, we can help you make critical decisions—such as how much salary to draw from your corporation, at an average top marginal tax rate of 45%, versus how much to leave in the corporation, where the tax rate is typically about 15%.
Another strategy is income splitting. If you have family members with a lower income than yours, you may be able to share some of your income with them and put your whole family in a lower tax bracket.
How can physicians implement these strategies?
We help our clients work with an accountant and a lawyer when needed to set up the right tax strategies. We then back up these strategies with world-class investment advice. Our clients have entrusted us with more than $38 billion in total assets under administration.
What’s our advice for physicians?
Take some time to speak with an MD Advisor. An hour spent talking to us about your tax and financial planning could help set you up for a lifetime of greater prosperity.