Videos
Why “Max Your RRSP” Is Incomplete Advice for Physicians
Most physicians were taught one simple rule about RRSPs: max them out. But RRSPs don’t exist in a vacuum.
As income rises, incorporation enters the picture, and tax brackets evolve, RRSP contribution priority changes. What works early in your career can become neutral — or quietly inefficient — later on.
RRSP vs Corporate Investing
Is it better to invest inside our medicine professional corporations or direct the money into an RRSP?
As I have come to realize over the last several years, readily available investment tools such as the RRSP have considerably different optimal utility points for physicians compared to the general public. In the case of RRSPs, for example, making contributions every year may not be ideal, particularly for the high net worth physician who is nearing or exceeding the $500k mark inside their RRSP.