As a physician, you’ve trained incredibly hard to reach the top of your profession, earning a substantial income. But are you building wealth like a pro? Many incorporated medical professionals—including physicians, dentists, specialists, and surgeons—are unknowingly leaving money on the table. They’re overpaying taxes, underutilizing their corporations, and relying on financial solutions that are simply too limited.
At Stone Owl Family Office, we believe your professional corporation should be a powerful engine for wealth building. It’s time to move past being just a borrower and start thinking like an owner and investor
Unlock Your Corporation's Full Potential
Our recent “Physician’s Guide to Wealth and Tax Optimization” seminar, presented with RBC, highlighted crucial strategies for incorporated professionals. This wasn’t a generic finance seminar; it was a high-level blueprint designed to help you scale your wealth intelligently.
We delved into how to:
- Unlock Credit and Capital: Access financing as an owner, leveraging your assets strategically rather than just taking on debt.
- Finance Growth: Effectively use your corporation to finance significant investments like real estate, new equipment, or practice expansion.
- Structure for Success: Learn how elite physicians structure their practices to maximize capital access and ensure their business’s full potential is realized.
This approach is for physicians who own or plan to open a private practice, who are ready to think and build like business owners, and who see themselves as entrepreneurs seeking to scale smarter, not harder.
The Pitfall of Solo Financial Efforts: Why a Team Matters
Imagine a complex patient case – a single general practitioner might be fine for a simple check-up, but a complex condition requires a team of specialists. The same principle applies to your finances.
We often see what we call the “Financial Vicious Circle”.
1. A doctor has a financial goal.
2. They consult one type of financial professional.
3. That professional helps with only a portion of the issue.
4. The doctor feels taken care of but misses significant financial opportunities.
This “Bank Only Solution” can lead to a “stunted capital raise”. Consider “Doctor A” who, after four years with a simple bank solution, found their line of credit (LOC) maxed out, limiting business growth, and incurring a heavy tax burden. They reinvested cash, but ultimately had no liquidity or estate value, and would likely need to sell their clinic upon retirement due to tax inefficiencies and a lack of passive estate growth.
The Power of Coordinated Advice: The "Doctor B" Advantage
What if a team of experts worked together from the start? This is the core of our “coordinated advice” philosophy, as demonstrated by “Doctor B”.
By collaborating early, Doctor B utilized a team—an accountant for tax structure, a CFP for increasing collateral, a specialized lender for capital access, and a commercial banker for future borrowing opportunities. After four years, Doctor B not only accessed their initial $1M LOC for business growth but also secured an additional $2.5M collateral loan against assets, allowing them to continue growing their business with continued tax savings.
Ten years later, Doctor B is significantly better positioned:
- Retained Options: They have substantial policy value, access to significant drawn loans, and the option to increase leverage or secure new credit.
- Strategic Compounding: Capital stayed at work, access to capital improved, and they benefit from tax-free growth within their corporation, a capital dividend available on death, and structured drawdown options via an IFA.
This comprehensive, team-based approach means capital stays at work and access to capital is continuously improved
Your Journey to Capital Access Begins Here
At Stone Owl Family Office, we bring together leading advisors—including Carl Brodie (Chief Financial Planner, Stone Owl Family Office), April Zeng (Relationship Manager, Healthcare, RBC), and Brian Kim (Specialized Insurance Lending, EQ Bank)—to ensure you get the full picture. Like specialists on a medical team, each advisor sees a different part of the solution, but only together do they see the full picture.
We are Canada’s trusted wealth and tax advisors for physicians. If you’re ready to maximize your wealth, minimize your taxes, and build a lasting legacy, we’re here to help.
Ready to build like a pro? Contact us today for a consultation tailored to your unique financial goals.
Looking for a place to start? Our team of Stone Owl advisors is here to help you implement these strategies for the best outcomes. Schedule a Discovery Call with us below to ensure your financial plans are on track.
