The Transition Tuesdays Seminar Series is a one-hour series of seminars on topics such as incorporation, billing, tax and financial planning, etc. designed to assist medical residents transitioning into private medical practice. The seminars are presented by industry experts and a good portion of time is alloted for Q&As. Scheduled every first Tuesday of the month from 6:00 - 7:00 PM with light supper served beginning at 5:30 PM.

The seminars are also accessed via video-conference rooms at various specific sites; please check with your respective program administrators for room numbers.

Seating is very limited so please register early.

Presenter: Gurprit Mann, Senior Manager, MNP

So you’re finishing residency soon –what do you need to know about taxes? Quite a bit actually, and we’ll cover all of the basics. Among all of the other changes when you are transitioning to practice, tax planning will play an important role. You can expect that taxes will actually be your number one expense, so proper planning will have a significant impact on your financial affairs. Tax planning should start early, as there are potential pitfalls to avoid before you begin practice, which we will talk about. We’ll also cover items such as what you can and cannot deduct, when and how you should expect to pay taxes, discuss what incorporation is, and when it makes sense.

CanMEDS Competencies: Professional, Manager