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All posts tagged financial planning
02
AprPharmacy U presenters Mike Jaczko and Max Beairsto: How much is your pharmacy worth?
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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
19
MarPharmacy U speakers Mike Jaczko and Max Beairsto – Build efficiency into your pharmacy business
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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
19
FebLast chance. RRSPs or TFSAs? What’s your best tax-free option?
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The RRSP deadline looms the end of February, so it's time to make some decisions about your tax-free savings options. Read more
29
JanTime to sell your pharmacy, Part 2. Who’s your quarterback?
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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.
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17
DecYear-end tax tips for pharmacy businesses
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It’s time to clean up your investment pantry for tax-loss selling purposes.
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18
SepHow do In-Trust For accounts work, and why should you care?
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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
11
SepYour kids need to be part of your pharmacy plan
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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
21
AugThe numbers game – What role does inflation play in your pharmacy business?
Comments Off on The numbers game – What role does inflation play in your pharmacy business?
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
06
DecHelp! How do I calculate the real ROI of a pharmacy investment?
Comments Off on Help! How do I calculate the real ROI of a pharmacy investment?
When considering any new purchase or costly change to your pharmacy it is important to create a return on investment analysis (ROI). Read more
21
JunHaving 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
