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My Best Ideas for 2020: COVID-19 Edition

May 8, 2020 Paul Carvalho

I can remember watching the New Year’s Eve Times Square Ball drop like it was yesterday. A new decade arrived.…

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Posted in: Investing

My Best Ideas for 2020

January 22, 2020 Paul Carvalho

Happy 2020 everyone! If you’re like most people I know, the motivation to follow your New Year’s resolutions is fading…

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Posted in: Investing

10 Pro Tips to Keep Pharmacist Retirement Plans on Track

May 22, 2019 Paul Carvalho

Many people set financial goals at the beginning of the year.  And if you’re like most pharmacists I know, saving…

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Posted in: Retirement
linkedin for pharmacists - 600 x 400

Six Reasons Why Pharmacists Need to Update Their LinkedIn Profile Today

January 17, 2019 Paul Carvalho

Everyone knows today’s pharmacy job market is ultra competitive. Yet many pharmacists I meet have bad LinkedIn profiles. Even worse, some…

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Posted in: Career

5 Pro Tips to Help Pharmacists Save Thousands in 2018

January 25, 2018 Paul Carvalho

I don’t know about you, but I’m excited for 2018. No, it’s not because I’m predicting another boom year in…

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Posted in: Planning and Taxes

The 2017 Federal Budget: A rare tax planning opportunity that can save you thousands!

March 24, 2017 Paul Carvalho

Nothing in the world is certain “except death and taxes.” Benjamin Franklin wrote that famous line back in 1789. Jump…

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Posted in: Planning and Taxes
pharmacist tax cuts

Year-End Tax Tips 2016 (Plus: How President Trump Will Impact Canadian Taxes)

November 11, 2016 Paul Carvalho

I do a lot of tax planning for pharmacists around this time of year. Why? Because many tax saving opportunities…

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Posted in: Planning and Taxes
2015 ocp pharmacy report 600 x 400

2015 OCP Annual Report: The Outlook on Pharmacist Salaries in Ontario

April 20, 2016 Paul Carvalho

The Ontario College of Pharmacy (OCP) just released it’s 2015 Annual Report and once again it’s filled with great information on…

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Posted in: Career Filed under: top_post
pharmacist need a tax plan - 600 x 400

New Tax Laws are Coming Soon. Pharmacists Need a Good Tax Plan.

March 4, 2016 Paul Carvalho

You’ve probably noticed all the white envelops arriving in the mail recently.  Sorry to remind you, but it’s tax time…

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Posted in: Planning and Taxes Filed under: tax

“Money Interactions” are Hazardous to Your Financial Health

February 6, 2016 Paul Carvalho

All pharmacists are familiar with drug interactions – the situation where one drug interferes with the effectiveness of another drug. …

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Posted in: Planning and Taxes
pharmacist hidden asset

The Most Overlooked Asset Pharmacists Have

October 26, 2015 Paul Carvalho

I was excited to hear that a Canadian won this year’s Nobel Prize in physics. Arthur McDonald from Queens University,…

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Posted in: Investing

What a New Liberal Majority Government Means to Pharmacists

October 23, 2015 Paul Carvalho

There was one defining question in this year’s federal election: “Is Justin Trudeau ready?” Well ready or not, here he…

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Posted in: Planning and Taxes Filed under: tax
pharmacist salaries

Top Pharmacist Salaries by Country 2015

October 5, 2015 Paul Carvalho

When you think of countries that pay the highest pharmacist salaries in the world, you can probably guess which nation tops the…

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Posted in: Career Filed under: pharmacist salaries

What’s the Difference Between a Broker and a Fiduciary?

August 14, 2015 Paul Carvalho

I get this question often: What is the difference between a broker and a fiduciary?  Elliot S. Weissbluth, the CEO of…

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Posted in: Investing

How much should pharmacists save for retirement?

June 23, 2015 Paul Carvalho

One question I get all the time from pharmacists is “How much do I need to save for retirement?” To…

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Posted in: Retirement Filed under: 70% rule, retirement, top_post
tax breaks for parents with young kids

Several tax breaks in 2015 for parents with young kids

March 27, 2015 Paul Carvalho

I’ve often heard the phrase “children are priceless.” As a father, I now understand that to mean “children are incredibly…

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Posted in: Planning and Taxes Filed under: tax
pharmacy-job-keys-to-freedom

Feeling stuck in your pharmacy job? Here are three keys to financial freedom.

March 22, 2015 Paul Carvalho

Many people think a good job is the path to financial freedom. Sorry folks, that’s only half the story. Your…

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Posted in: Career, Investing, Planning and Taxes Filed under: top_post
pharmacist tax cuts

New Tax Break For Pharmacists with Young Families

February 24, 2015 Paul Carvalho

Tax time is no fun, but it may help to know that some pharmacists have a new trick this year…

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Posted in: Planning and Taxes Filed under: tax

Retirement Income Planning for Pharmacists – Part 2

December 11, 2014 Paul Carvalho

As we saw in the first article in this series, most pharmacists can expect to receive retirement income from several…

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Posted in: Retirement

Retirement Income Planning for Pharmacists – Part 1

November 11, 2014 Paul Carvalho

Retirement may seem impossible to some pharmacists working today, but as we’ve seen in a previous post, a number of pharmacists…

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Posted in: Retirement Filed under: top_post
pharmacists have new diversification tools

Pharmacists Have New Diversification Tools to Build Better Portfolios

July 1, 2014 Paul Carvalho

Many pharmacists understand the concept of portfolio diversification: the idea of not placing all your eggs in one basket. Diversification…

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Posted in: Career, Investing
pharmacists can become better investors

How Pharmacists Can Use Smoking Cessation Skills to Become a Better Investors

April 10, 2014 Paul Carvalho

Pharmacists are a terrific resource for people who are trying to quit smoking. Surprisingly, I’ve discovered that pharmacists can use…

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Posted in: Investing
savings rule for pharmacists

Helping Pharmacists Save Money – Is the 70% Rule a Good Target?

February 8, 2014 Paul Carvalho

ne of the most important parts of a retirement plan is determining the amount of income a person needs to…

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Posted in: Retirement
financial advisor for pharmacists

Helping Pharmacists Choose the Right Financial Advisor

February 6, 2014 Paul Carvalho

For busy pharmacists with very little spare time, choosing the right financial advisor may seem impossible. There is certainly no…

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Posted in: Investing, Planning and Taxes Filed under: top_post
pharmacist-retirement-sign

Retirement is Absolutely Possible for Today’s Pharmacists.

February 5, 2014 Paul Carvalho

Despite all the recent talk of low savings rates, high debt levels and the slow death of company pension plans,…

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Posted in: Planning and Taxes, Retirement
Paul Carvalho, MA, CFA Pharmacists First Wealth Services helps pharmacists in Canada with saving, investing, and retirement planning. Paul is an independent financial advisor in Hamilton, Ontario.

Top Posts

  • My Best Ideas for 2020: COVID-19 Edition
  • My Best Ideas for 2020
  • 10 Pro Tips to Keep Pharmacist Retirement Plans on Track
  • Six Reasons Why Pharmacists Need to Update Their LinkedIn Profile Today
  • 5 Pro Tips to Help Pharmacists Save Thousands in 2018

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