Event Highlights
Overview
We show physicians how to leverage the tax system to build wealth and live the life they’ve always wanted.
With Ontario’s top marginal tax rate sitting at 53.53%, most physicians feel like they are running on a tax treadmill—working harder only to see more than half of every additional dollar go to the CRA.
Managing taxes isn’t just about compliance; it is one of the most powerful tools available to boost your wealth, optimize cash flow, and ultimately buy back your time. We are hosting an exclusive webinar for a small group of Canadian physicians to demonstrate how to transform the tax system from a burden into a wealth-building engine.
Thanusan Raveendran, CPA, CA, and Martin Lee, CPA, CA, have educated hundreds of physicians across Canada on utilizing the tax system to solve high-stakes problems. From accelerating debt repayment and securing a primary residence to legally minimizing personal draws while the corporation pays for expenses, they specialize in the nuances of the medical profession. They are particularly passionate about working with doctors because of your inquisitive nature and the precision you bring to your own practice.
In this session, we explore proven strategies to preserve and grow your capital through every stage of your career:
What you will learn:
- The Power of the MPC: Move beyond the basics of incorporation to understand how an MPC functions as a sophisticated tax-shelter and wealth-building vehicle.
- The Three Pillars of Planning: A deep dive into Income Sourcing, Splitting, and Spreading to create a personalized, multi-decade wealth strategy.
- Optimal Remuneration: Cutting through the “Salary vs. Dividend” debate to find the right mix for your specific lifestyle and retirement goals.
- Strategic CPP & Benefits Planning: Navigating the hidden costs of the Canada Pension Plan and making data-driven decisions on contributions versus private investment.
- Income Splitting: Learn how to legally split income with family members to save big on personal taxes.
- Intergenerational Wealth Transfer: How to utilize Family Trusts and specialized corporate structures to pass wealth to children tax-free.
- Holding Companies: Why, when and how to properly structure a holding company.
- Investing Inside the Corp, TFSAs, RRSPs, etc: Understanding the new rules for passive income and how to maximize growth despite the “passive income tax” hurdles, along with when to use your RRSPs and TFSAs.
Meet Our Presenters
Martin Lee, CPA, CA
Martin Lee is an experienced tax professional with close to 20 years of experience providing business advisory, wealth management, taxation, and estate planning services to entrepreneurs.
Martin obtained his Bachelor of Commerce degree from the University of Toronto before qualifying as a CPA, CA in Canada, and as a U.S. CPA in the State of New Hampshire. He has also completed all three parts of CPA Canada’s In-Depth Tax Program.
Martin is a prolific writer and frequent contributor to The Canadian Tax Foundation, including presenting at national tax conferences. Martin works with a panel at the Canadian Tax Foundation to select award winners for certain tax publications.
Thanusan Raveendran, CPA, CA
Thanusan Raveendran is an experienced tax and accounting professional with over 15 years of experience advising entrepreneurs on tax planning matters involving business structuring, buy-sell planning, estate planning, strategic use of trusts and their taxation, creative uses of life insurance, distribution planning for corporations and trusts, and cross-border inbound and outbound tax matters.
He has worked with clients across different industries. Thanusan obtained his Bachelor of Business Administration degree from the University of Toronto, graduating with high distinction. He qualified as a CPA, CA, while articling with PricewaterhouseCoopers (PwC).
He has also completed all three parts of CPA Canada’s In-Depth Tax Program. Thanusan has published articles for the Canadian Tax Foundation and Conference for Advanced Life Underwriting (CALU) Info Exchange monthly newsletter. He was awarded the Young Practitioner of the Year Award for his contribution to the Taxation of Cryptocurrencies in 2019.
Agenda
Building Your Wealth Using The Tax System!
This workshop is designed to provide you with the practical, proven tools you need to succeed in a high-tax environment. Don’t let tax drag erode the hard-earned fruits of your medical career.