Tax-Savings

Doctors, can you earn tax-free income in retirement? Yes.

By John J. Moakler Jr. BMath, CFP, CLU, CSC President and Senior Executive Financial Planner Moakler Wealth Management Inc. — Doctors, in retirement, there are three portions to your paycheque:   1.The taxable portion: if you are still working at least part-time in retirement. 2.The tax-preferred portion: if you are incorporated, and still working –…

RRSPs Are a Trap For Doctors. Why?

By John J. Moakler Jr. BMath, CFP, CLU, CSC President and Senior Executive Financial Planner Moakler Wealth Management Inc.   For most Canadians, paying into the Canada Pension Plan (CPP) is a good deal.  But for self-employed individuals – like doctors – CPP is in fact a negative return on your money.  You will never…