Contributory Professional Retirement Savings Plan (CPRSP)

Posted on December 13, 2011 by John Moore

The British Columbia Medical Association (BCMA) administers five major benefit programs that are available to practicing BC physicians and surgeons.  This post is the second in a series of five describing the various benefit programs. Last week I discussed the Continuing Medical Education (CME) benefit.

The Contributory Professional Retirement Savings Plan (CPRSP) helps fund retirement for physicians. Payments are made directly to the doctor’s personal RRSP, spousal RRSP, or to the physician’s professional corporation if there is an Individual Pension Plan (IPP) in place. I’ll discuss the benefits of an IPP in a future post.

Continue reading →

Posted in Doctors, Health Professionals, Medical Residents | Tagged , , | Leave a comment

Medical Residents and New Doctors Discussion Group

Posted on December 6, 2011 by John Moore

I recently conducted a workshop for medical residents transitioning to practice for the Professional Residents Association of British Columbia (PAR-BC). Having worked with doctors for over 15 years, I was familiar with many of the issues faced by new physicians, but I still ended up doing a lot of research to prepare for the presentation.

Continue reading →

Posted in Doctors, Health Professionals, Medical Residents | Tagged , , , , , | Leave a comment

Continuing Medical Education (CME) Benefit

Posted on December 5, 2011 by John Moore

The British Columbia Medical Association (BCMA) administers five major benefit programs that are available to practicing BC physicians and surgeons.  This post is the first in a series of five describing the various benefit programs.

The Continuing Medical Education (CME) fund is designed to assist physicians with their educational expenses.  In the past, physicians had to submit an application along with supporting documentation to claim the benefit. It has now been recognized that all licensed physicians are required to participate in a recognized revalidation process. Accordingly, an application form is no longer required for claims beginning with 2011. The benefit will be paid out in full once the College of Physicians and Surgeons of BC confirms that a license has been issued. Claims for prior periods still require an application to be submitted.

Continue reading →

Posted in Doctors, Health Professionals, Medical Residents | Tagged , , | Leave a comment

Introduction

Posted on December 2, 2011 by John Moore

Welcome to my blog!

I’m a Chartered Accountant based in Vancouver, BC with over 15 years of providing accounting, tax and financial planning services to doctors, dentists, lawyers, and other business professionals.  I like to think that I have learned a thing or two over the years, and I want to share some of that information.  I can’t promise that this blog will be exciting (remember, I am an accountant), but I hope that you will find it useful.  I encourage you to leave comments.  Please let me know what topics interest you, so that I can address them in future posts.

Posted in Uncategorized | Tagged , , , | Comments Off on Introduction