Much like medicine, the field of finance has been the subject of much scientific research and data, and should be approached with the same level of discipline and thoughtfulness. We understand the unique financial issues you face and why it's more important than ever to make smart financial decisions now to prepare for the future.
We offer a complete suite of wealth management services designed to maximize wealth accumulation, minimize tax and investment risk while taking advantage of the various ownership structures from professional corporations and individual pension plans to family trusts and beyond.
We will work with you and your team of professionals to create, implement and manage a plan focused on the needs of your practice as well as your personal goals and dreams.
Corporate Investment Account
The current Canadian tax regime offers an excellent opportunity for incorporated individuals to accumulate excess funds within their corporations. The goal is to protect, manage and grow these funds to meet the goals and objective of each client.
In most cases the financial plan drives the investment selection process. Aligning the portfolio with the required rate of return allows us to manage the investments with a minimum of risk in order to meet certain objectives. The range of options includes but is not limited to cash, bonds and GIC’s, equities, mutual funds, ETF’s and life insurance.
Corporate investment accounts may take on many different forms depending on the objectives of the funds. Many operating companies have short term cash management needs and the rates offered by their banking institution are not competitive. Holding companies allow business owners to invest cash while providing a measure of creditor protection.
Saving for your Future
The million-dollar question that everyone asks is, "Will I have enough income and saving when I retire so I can live comfortably?" As life expectancies get longer, maintaining a comfortable standard of living throughout your retirement may become more challenging. Give yourself peace of mind and speak to us about preparing a retirement projection for you so you can gain a clearer picture of where you stand today and what changes, if any need to be made in order to reach your retirement goal.
Specialized Financing Solutions
At RBC, we appreciate the important role that healthcare providers play in protecting Canadians, and we are proud to work closely with you to help you succeed and achieve your goals. Our healthcare professionals’ team includes personal financial advisors and commercial account managers who have extensive experience helping healthcare professionals at every stage of their career.
Whether you start your own practice, buy into a partnership or buy out an existing owner, you may need help with financing the start-up costs or purchase price of your practice. We understand the demands on medical professionals, and the unique financial options available to self-employed healthcare professionals. Speak with us for more information.
Take the Next Step
Great investment advice is not that different from sound medical advice. Working with qualified, highly skilled professionals with the ability to diagnose your current financial situation, identify gaps between where you are today and where you want to be in the future, and creating solutions to help you get there can make a difference in achieving your optimal financial health.
Contact us today