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Medical Practice Incorporation

Thinking of incorporating your medical practice? Here’s why you might want to give incorporation some thought...

Thinking of incorporating your medical practice?

When you incorporate, you become a shareholder (and director or an employee) of the corporation.

Here’s why you might want to give incorporation some thought:

  • May increase wealth.
  • It can speed up your retirement savings.
  • Defer immediate tax burden.

Your medical professional corporation:

  • It is separate from you, the physician
  • It files its own taxes
  • It is a legal entity

Learn more about incorporation at md.ca