Welcome to my blog
The purpose of this blog is to provide income tax, accounting, and other financial information to BC physicians and medical residents.
If you have a suggestion for a topic to be covered, please email me or leave a comment on one of the posts.
John Moore, CPA, CA
john@johnmoore.ca
778.668.5914-
-
Recent Posts
- Income Tax Returns for Medical Residents – 2014
- First Income Tax Return after Completing Medical Residency
- Medical Practice Incorporation – The Basics
- 2014 CPRSP Application Deadline for 2013 RRSP Deduction – January 20, 2014
- Physician Benefit – The Contributory Professional Retirement Savings Plan
- 2013 CPRSP Application Form
- First Post, New Blog for BC Physicians
Categories
- Benefits (3)
- Income Tax (5)
- Medical Corporation (1)
- News (1)
Author Archives: John Moore
Income Tax Returns for Medical Residents – 2014
January is the start of a new calendar year. It is also the start of a new tax year, which means that it will soon be time to file tax returns for the previous one. Tax returns for most Canadians … Continue reading
Posted in Income Tax
Tagged medical residents, tax credits, tax deductions, tax return
Leave a comment
First Income Tax Return after Completing Medical Residency
Transitioning to medical practice from residency is a big step. Completing the requirements of the program, writing certification exams, finding work, getting licensed, applying for hospital privileges, setting up CMPA coverage, etc. There is so much to be done before … Continue reading
Posted in Income Tax
Tagged medical residents, new doctors, new physicians, tax credits, tax deductions, tax return
5 Comments
Medical Practice Incorporation – The Basics
I’ve been an accountant for over 20 years and have worked primarily with physicians, dentists and other professionals for most of my career. Over the years, incorporation is the subject I’ve been asked most about. Should I incorporate my medical … Continue reading
Posted in Medical Corporation
Tagged financial planning, income splitting, incorporation, tax deferral
24 Comments
2014 CPRSP Application Deadline for 2013 RRSP Deduction – January 20, 2014
RRSP contributions made in the first 60 days of 2014 are eligible for deduction on your 2013 personal income tax return. This year, the contribution deadline for a 2013 RRSP deduction is March 3, 2014. However, if you want your … Continue reading
Physician Benefit – The Contributory Professional Retirement Savings Plan
The Contributory Professional Retirement Savings Plan (CPRSP) is one of several benefit programs administered by the BCMA that are available to BC physicians through the Physician Master Agreement. The other benefit programs are the Physician Disability Insurance Program (PDI), the … Continue reading
2013 CPRSP Application Form
The British Columbia Medical Association (BCMA) recently released the Contributory Professional Savings Plan (CPRSP) entitlement amounts for 2013. If you are an eligible physician, you should have received your personalized application with entitlement information by mail or email. If you have … Continue reading
First Post, New Blog for BC Physicians
I’ve been writing a blog for business professionals for a while now, but I find I am getting a lot of questions geared to one profession or another. Different professions have many tax, accounting, and financial planning similarities, but there are also many issues specific … Continue reading
Posted in News
Leave a comment