360 Degree Financial Planning

What is OAS? Old Age Security (OAS) is a monthly pension provided by the federal government to Canadians aged 65 and older. For many retirees, it offers a steady stream of income—up to roughly $735 per month (about $8,820 per year) for those aged 65–74 and closer to $808 per month once over 75, thanks to a 2022 boost. It’s designed to help support living expenses in retirement. What Is the OAS Clawback? If your...

More Canadians are opting for what’s often called semi‑retirement, where instead of stopping work entirely, they transition to part‑time or flexible work. Especially in a place like Nova Scotia, with rising costs and longer life spans, post‑retirement strategies often look more like downshifting than a full stop. What Is Semi‑Retirement (or Downshifting)? Semi‑retirement, or lifestyle downshifting, is a deliberate shift to working fewer hours, often in roles that are less stressful or more personally meaningful...

Incorporating your dental practice is a big milestone. It offers you more control over your income, greater tax flexibility, and a stronger foundation for long-term wealth building. But incorporation isn’t the finish line, it’s the beginning of a smarter financial journey. If you’re wondering what comes next, here’s a breakdown of what every incorporated dentist should be thinking about. 1. Tax Deferral = More to Invest The biggest immediate benefit of incorporation is tax deferral...