I have visited my accountant to review options with the new CCPC (Canadian Controlled Private Corporation) changes. The issue with the SBD or small business deduction and the new 50K per year passive income rule. For every dollar earned passively above the 50K per year, you will lose 5 dollars of SBD room. Once you are up to 150K per year of passive income, you would lose the entire amount of lower taxation for business income. If you lost the entire amount, it would equate…Continue Reading “Dealing With CCPC Changes”

I believe part of my regular happiness stems from the fact that I sort of lack ambition. Not for everything but I do for a lot of things. It struck me recently when I met up with some more medical colleagues. I notice when physicians talk amongst themselves, it is sort of a one upmanship contest. The latest and greatest offering has to do with being “invited” to restaurants where no one could ever get a reservation except with special connections. I wonder if this…Continue Reading “How’s Your Neighbourhood?”

Recall the movie Fight Club with Brad Pitt? The first rule of fight club…. When it comes to personal finance, there most certainly is the first rule. And that first rule is to stop spending so much money. If you can not stop your crazy a$$ spending, your investments likely can’t save you. Akin to school, saving money is the kindergarten level while investing is more like high school. Here is a recent example. I recently visited a colleague and his family. The couple has…Continue Reading “The First Rule”

This series will be very boring. I believe investing can be simple and boring. I could pontificate on and on about stocks, bonds, real estate, commodities. But I would rather show what I am doing instead. Furthermore for those who are faint of heart, you can watch me gain or bomb on my investments. No smoke and mirrors will exist here. This series will also serve to keep me on track and I can review my own performance along the way. It will form a…Continue Reading “How I Invest- 2018Q3”

This is an ode to my one pair of pants. It really is a certain way of thinking about things. I am a woman and I think this way. Guys I’ve upped the ante for you. I have one pair of pants. You read that correctly. I have shorts for the summer but for most of the year I wear one pair of pants. It is a pair of black Outlier Slim Dungarees. It was essentially built for cyclists which means it is durable. I…Continue Reading “Ode To My Pants”

This is a fun post for me. I will document how I bought my personal home. I have been reading blog posts dealing with issues of the Doctor House. This was my journey. The Homes House 1- The old house my husband bought before we married. House 2- A duplex purchased with my parents. House 3- Our current multiplex. Shortly before we married, my dear husband had the grand idea of buying an old house on a large plot of land. It was only liveable…Continue Reading “The Anti Doctor House”

By now, you are well aware that I detest complexity in most areas of life. I am beginning to declutter my financial life as well. The release of the Vanguard All-In-One Funds in January 2018 have been a game changer. VGRO is the one I currently own. I have decided to follow the simplest strategy of all. Buy VGRO in the TFSA each January. With no RMD requirement, a TFSA should be the longest of long-term investments. I love the pure simplicity of a financial…Continue Reading “The One Fund Solution”

Money is such an emotionally charged subject. There are those who are passionate about it and those who cower in fear of it. It is so important to people that many can not discuss it without arguing. The range of “how much is enough” money is vast. My Enough I had enough when I was 36 years old. I had a networth of about 1.5 million or so. Our family living expenses were about 30K a year. Based on my new found FI lingo, that…Continue Reading “The Point Of Money”

Many of us in the physician FI blogs have children. In fact, many of the guys have 3 or 4 children. You guys are very fortunate by the way. I wanted more children but got seven miscarriages instead. So although your lives feel crazy busy at times, be grateful for your blessings. In any case, it appears that many families are concerned about wealth dissipation within one or two generations. In fact, the statistics I have read state that 70% is lost in the second…Continue Reading “Responsible Living Inheritance”

My dear husband has been wanting to buy a kayak recently. This got me thinking about this post. We think marriage resembles a rowboat. And it is much easier to row a boat with two people versus one. We know of marriages where one partner is frantically bailing while the other one is busy poking holes in the rowboat. We also know of scenarios where each partner is sitting at opposite ends and rowing in the opposite direction and no one is going anywhere fast….Continue Reading “Life In The Rowboat”