Pharmacy U

All posts tagged financial planning

Pharmacy U presenters Mike Jaczko and Max Beairsto: How much is your pharmacy worth?

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Mike_Jaczko_Max_Beairsto
Whether you are a pharmacy owner or a potential pharmacy buyer, it is always important to understand what a pharmacy business may be worth. Read more

Pharmacy U speakers Mike Jaczko and Max Beairsto – Build efficiency into your pharmacy business

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Mike_Jaczko_Max_Beairsto
Now that COVID-19 vaccinations are changing the landscape, it's time to take toll of your pharmacy's financial plan for the year. Read more

Last chance. RRSPs or TFSAs? What’s your best tax-free option?

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Mike Jaczko
The RRSP deadline looms the end of February, so it's time to make some decisions about your tax-free savings options. Read more

Time to sell your pharmacy, Part 2. Who’s your quarterback?

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Mike_Jaczko_Max_Beairsto
If you are planning to exit your pharmacy business, you need a good team of advisors on your side. It should include an accountant, a corporate lawyer, a tax expert and a financial advisor, but the single most important member is the team lead – a “quarterback” who will ensure the players are working together and who will represent your interests from start to finish. Read more

Year-end tax tips for pharmacy businesses

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Mike_Jaczko_Max_Beairsto
It’s time to clean up your investment pantry for tax-loss selling purposes. Read more

How do In-Trust For accounts work, and why should you care?

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Mike_Jaczko_Max_Beairsto
Many small business owners, including independent pharmacy owners, continue to utilize “In-Trust For accounts" or ITFs to help save money for their children, for a number of reasons. Read more

Your kids need to be part of your pharmacy plan

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Mike Jaczko
When I speak with established pharmacy owners about what worries them, health, work stress and retirement readiness all make the list. As I help prepare them for succession, another concern often emerges – wanting to ensure their children grow to be happy, productive and successful adults. Read more

The numbers game – What role does inflation play in your pharmacy business?

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Mike Jaczko
Pharmacists are not just healthcare providers. Many are also investors. As investors, you need to understand the effects of inflation on your investment portfolio. Here’s an introduction to the world of nominal and real investment rates. Read more

Help! How do I calculate the real ROI of a pharmacy investment?

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Pharmacy-U-2014-Wayne-Caverly
When considering any new purchase or costly change to your pharmacy it is important to create a return on investment analysis (ROI). Read more

Having uncomfortable financial conversations with your kids

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There’s always an uncomfortable pause when I ask my clients whether they talk to their kids about wealth. Read more