Pharmacy U

All posts tagged financial planning

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

Pharmacy Finance: Ever thought of investing in a retirement residence?

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An aging Canadian population is fertile ground for seniors’ housing. Read more

Do you understand the real effects of inflation on your business?

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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

How to choose the right financial advisor

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Jaczko
With the holidays behind us and tax remittances and topping up RRSPs on the horizon, many pharmacists may be looking to find a qualified financial advisor who provides the right advice for their situation. Read more

The long days and short years to your business exit

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Exiting your business is not unlike having a pilot jump out of an aircraft mid-flight. To say the least, it’s going to give everyone involved a bit of anxiety. Read more

RRSPs or TFSAs? What’s the best option for pharmacists?

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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

Boosting your bottom line with tax-free money

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Most pharmacists would opt to pay fewer taxes and save more of their money for a rainy day. Read more

Having tough 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

The strategic use of life insurance for your business succession planning

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Estate planning ensures that an individual’s or family’s assets are distributed according to their wishes after death. Life insurance is often used as a solution to problems and needs identified in the estate planning process. Read more

When is the best time to talk finance with your kids?

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Jaczko_Mike_8570
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