High income can create more opportunity, but it can also create more decisions.
A successful practice or business can create significant opportunities, along with important financial decisions.
Doctors, dentists, optometrists, business owners, and other incorporated professionals often need to coordinate corporate finances, personal wealth, investments, insurance, retirement planning, and tax strategies. We help bring these areas together into one coordinated financial strategy.
Making better use of your income
A strong income doesn’t always translate into an organized financial life.
You may be deciding:
- How much to pay yourself
- Whether to invest inside or outside the corporation
- How much cash to keep available
- Which personal goals to fund first
- How to prepare for large tax bills
- How to balance current spending with long-term wealth
A coordinated plan can help you use income more intentionally.
Planning inside and outside the corporation
Corporate and personal decisions shouldn’t be treated separately.
A business financial advisor can help connect:
- Corporate investment accounts
- Personal RRSPs and TFSAs
- Insurance strategies
- Retirement savings
- Family cash flow
- Estate and succession considerations
This broader approach is especially valuable for physicians, dentists, optometrists, and other incorporated professionals who need their personal and business finances working together.
Protecting what you're building
Professionals and business owners often depend heavily on their ability to keep working and generating income.
Planning may include disability insurance, critical illness coverage, life insurance and strategies to protect the business or family if something unexpected happens.
Financial advice for dentists, physicians and other incorporated professionals should consider both personal responsibilities and the financial structure supporting the practice.
Preparing for retirement
Retirement planning can require a different approach when significant wealth has been built through a corporation.
A financial planner for small business owners can help you consider:
- How to create sustainable retirement income
- When and how corporate assets may support your lifestyle
- How taxes may influence withdrawal strategies
- Whether the business will be sold, transferred, or wound down
- How personal and corporate investments can work together
Early planning can help you create more flexibility and make informed decisions as retirement approaches.
Advice for specialized professionals
Our team works with people whose careers and financial structures require more than basic planning.
That would include you if you’re seeking:
- An optometrist financial planner
- A small business financial advisor
- Financial planning for dentists and physicians
- Advice for incorporated professionals
Based in Mississauga, we support clients across Oakville, Burlington, Etobicoke and the wider GTA.
IG Private Company Advisory
IG Private Company Advisory provides strategic transaction and advisory services to mid-market businesses (that is, those with annual sales of between $20 million and $500 million), with the goal of generating opportunities and enhancing long-term value. The Private Company Advisory team leverages an extensive network to connect you with capital providers, investors and potential buyers who are aligned with your business’s specific needs and circumstances.
Hear from David Turnbull, Head of IG Private Company Advisory, about IG’s approach to helping you maximize the value of your business.
Discover how IG Private Company Advisory can help unlock your company's potential through its three core services:
- Selling or acquiring a business
Sourcing and evaluating potential buyers or acquisition targets for your business can be complicated. The Private Company Advisory team provides expertise and guidance to help you take advantage of growth opportunities and realize maximum value.
Services include:
- Deal sourcing
- Valuation and negotiation
- Due diligence
- Partial divestiture strategy
- Strategic advisory
Benefit from the team’s deep industry knowledge and strategic insights to make informed decisions on crucial matters.
Services include:
- Market entry strategy
- Expansion strategy
- Restructuring and turnaround
- Succession planning
- Raising capital
The team will guide you through the process of obtaining capital to grow your business on terms that suit your specific situation.
Services include:
- Debt financing
- Equity financing
- Mezzanine financing
- Alternative funding sources
- Working capital solutions