BEYOND THE WHITE COAT
A Smarter Approach to Wealth & Estate Planning for Canada’ s Doctors
Canada’ s physicians spend years perfecting their craft, focused on caring for others, often at the expense of their own financial wellbeing. With long training periods, delayed income, and some of the highest marginal tax rates in the country, doctors face financial realities unlike almost any other profession. That’ s why specialized financial planning isn’ t a luxury for physicians. It’ s a necessity.
At WEFCI, a boutique financial firm serving medical professionals across Canada, the focus is on building strategies that reflect the unique arc of a physician’ s life. From residency to practice ownership and, eventually, retirement and legacy planning, financial decisions must evolve alongside a doctor’ s career. Many physicians feel they are“ behind” financially when they finally begin earning, but with the right planning, they can make up for lost time with precision and confidence.
High income alone doesn’ t guarantee financial security. Without structure, much of a doctor’ s earnings can disappear to taxes. Thoughtful planning, such as professional incorporation, income splitting, retirement strategies, and, where appropriate, the use of holding companies, can dramatically improve long-term outcomes. As the WEFCI team often emphasizes, it’ s not about how much you make, but how much you keep.
As careers mature, the conversation shifts beyond income to preservation and legacy. Building generational wealth requires intentional corporate and estate planning that protects assets, ensures tax efficiency, and provides clarity for future generations. For busy medical professionals juggling demanding schedules, this kind of planning offers peace of mind, knowing their family, practice, and wealth are aligned for the future.
For doctors at every stage of their journey, the message is clear: with the right guidance, it’ s possible to move from feeling financially reactive to fully in control. In doing so, physicians can protect what they’ ve worked so hard to build, and ensure it supports their families for generations to come.
Wealth & Estate Financial Canada Inc, www. wefci. com
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