UK-Trained Doctors Moving to Canada:
Get Your Financial Setup Right From Day One
Avoid the common (and costly) mistakes we see in the first 12 months.
Tax, incorporation, and structuring decisions that can impact you for years.
The first 12 months are the most important
If you’ve trained and worked in the UK, the financial system in Canada will feel familiar on the surface, but it operates very differently underneath.
The first 12 months are where the most important decisions get made. Often without a clear structure in place. That’s where we typically see inefficiencies begin.
Over the past few years, we’ve worked with a number of UK-trained physicians making the move to Canada. While every situation is different, the patterns are consistent:
Over the past few years, we’ve worked with a number of UK-trained physicians making the move to Canada. While every situation is different, the patterns are consistent:
- Incorporation decisions made too late or without strategy
- UK based assets carried over without adjusting for Canadian tax treatment
- Financial decisions made in isolation rather than as part of a cohesive plan.