Financial Management Masterclass Series

The goal of this masterclass series is to elevate the financial IQ of Burnaby Hospital Physicians by teaching them both essential and advanced concepts related to personal and business financial planning.
These sessions are geared towards teaching participants wealth creation, preservation, and continuity strategies to optimize financial, tax planning, and estate planning opportunities as a Physician.

Session #1: The 3 Money Lessons Every Doctor Should Know

This session focuses on pandemic financial management and why financial planning is different for doctors by introducing the three essential money lessons every doctor should know.

Topic areas covered:

1. The life you dream about starts with a plan
   • What is an integrated financial plan?
     • Inspect what you expect from your trusted advisors
   • Getting the 9 rooms of your financial house in order
2. Act like a doctor, think like a business owner
   • Cashflow planning, income protection and insurance planning
   • Tax planning VS tax preparation
3. Work for assets, not money
   • The 3 Pillars of Investing for Doctors
     • Government: CPP, OAS, GIS
     • Personal: CPRSP, TFSA, Non-Registered
     • Corporate: Stocks, ETF’s, Investment Funds, Real Estate
   • Maximizing the 5 tax shelters in Canada
     • Personal: Tax-free vs tax-deferred
     • Corporate: Tax-free vs tax-deferred

Location: This session will take place on Zoom. We hope to host in-person sessions again when possible.

Date: Monday, October 25, 2021

Time: 6:30pm-8:00pm

Please register to join: https://us02web.zoom.us/meeting/register/tZ0ud-muqTwqHN2fPDZ9gu7uYlTDPqPGFi84

Find out more about Sessions #2-4