Investing in TFSA vs RRSP vs Corporation

We are very excited to launch a new podcast series devoted to improving the financial wellness and retirement readiness of physicians and their spouses. OMA Insurance has partnered with Common Wealth, the administration and technology partner for the award-winning Advantages Retirement Plan™, to bring you The Financial Checkup, which will feature top financial questions and retirement stories from your fellow physicians.

Most physicians in Ontario are incorporated, which means there are more options available to save for your retirement. You can put your retirement savings in your corporation, in your Registered Retirement Savings Plan (RRSP), or in your Tax-Free Savings Account (TFSA).

In this debut episode of The Financial Checkup, Dr. Paul Healey, cofounder of the Physician Financial Independence online community and a member of the Advantages Retirement Plan™ Investment Committee, shares his insights on what physicians may consider when planning and saving for retirement.

Below are links to the papers referenced in the episode: