Optimizing Your Professional Corporation with The Loonie Doctor (Dr. Mark Soth) Part 1 Artwork

beyond MD with Dr. Yatin Chadha

beyond MD bridges the gap between medical training and financial literacy.

Led by mid-career Canadian radiologist, Yatin Chadha, beyond MD empowers practicing physicians, medical trainees, and other professionals to build confidence and clarity around money.

Episodes feature interviews with subject experts to help listeners gain knowledge around topics like professional corporations, investing, insurance, pensions, real estate, trusts, and estate planning.

Yatin also frequently interviews his own colleagues to shed light on valuable life and money lessons learned over time.

Tune in to beyond MD (episodes are bi-weekly) to build your financial acumen and live your best life today.

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beyond MD with Dr. Yatin Chadha

Optimizing Your Professional Corporation with The Loonie Doctor (Dr. Mark Soth) Part 1

August 10, 2023 • Season 1 • Episode 52

Due to popular demand, finally overcoming my procrastination, and finally getting more comfortable with my knowledge base, I am thrilled to welcome Dr. Mark Soth (aka The Loonie Doctor) to beyond MD.

This is corporate tax and corporate investment optimization 101.

Discussion Points:
The mission behind the Loonie Doctor Blog (2:41)
Mark's evolution (6:17)
Corporation taxation basics (8:29)
What are the main advantages of incorporating? (10:46)
RDTOH basics (12:45)
Canadian/eligible dividends earned through the corporation - should we pay these dividends out to ourselves (15:29)?
Overview of passive income rules (19:15)
GRIP/General Rate Income Pool (21:30)
ON and NB are different with the passive income rules (22:57))
Capital gains harvest & the capital dividend account/CDA (27:16)

Mark's blog: https://www.looniedoctor.ca/

My links:
beyondmdpodcast@gmail.com
https://www.linkedin.com/in/yatin-chadha-29074b109/