Incorporation

Important Notice: Some of the content on this page may no longer be current due to tax changes to private corporations in 2018. If you have any questions about how you or your financial plan may be affected, please contact your MD Advisor. MD Financial Management will update content in due course.

Incorporated physicians and RRSPs: The impact of the new passive income rules

Incorporated physicians can save for retirement through their corporation and RRSPs. The new passive income rules could impact your strategy.

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Introduction to medical practice incorporation

Many businesses incorporate to take advantage of certain benefits, but there's more to think about when incorporating a medical practice.

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Optimizing your finances as an incorporated physician

This incorporation guide for practicing physicians explains how you can integrate your corporate account into your overall financial plan and effectively manage your assets.

Read Flipbook
Retiring as an incorporated physician

Approaching retirement with substantial assets in your corporate account? Learn why it’s important to create a tax-efficient income stream from your investments and what to do with your corporation.

Read Flipbook
Estate planning for incorporated physicians

This guide gives you an overview of estate planning and explains how you can minimize taxes at death.

Read Flipbook
2:18

Introduction to medical practice incorporation

Are you thinking about incorporating your medical practice? Learn about the basics of incorporating, what the advantages are, and what you need to beware of.

Watch Video
2:02

Optimizing your finances as an incorporated physician

Incorporating your medical practice can help you accelerate your savings. Find out why it’s important to integrate your corporate account into your overall financial plan to effectively manage your as

Watch Video
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2:07

Retiring as an incorporated physician

Approaching retirement with substantial assets in your corporate account? Learn why it’s important to create a tax-efficient income stream from your investments and what to do with your corporation.

Watch Video
2:33

Estate planning for incorporated physicians

If you intend to keep your corporation until the end of your life, it could add complexity to your estate plan. Without the right strategies in place, you could end up paying more tax than you need to

Watch Video
What are the pros and cons of incorporating my practice?

To better understand how to make the incorporation decision, take a look at the advantages and disadvantages of incorporating outlined below.

Read Article
Is incorporation the right choice?

Dr. A, a 37-year-old family physician in Toronto, wonders whether incorporation is a worthwhile strategy.

Read Article
Welcome news for some of Ontario’s incorporated physicians

The Ontario government will be adopting federal tax measures to limit small business deduction for corporations based on passive income in response to the federal government’s passing of legislation

Read Article
New passive income rules starting in 2019: What incorporated physicians need to know

The new passive income rules will take effect on January 1, 2019, and could affect many incorporated physicians. Find out how you can avoid some of the consequences.

Read Article
Sharing the wealth: why it pays to donate private shares to charity in your estate plan

If you are an incorporated physician, you can reduce the tax burden on your estate by donating shares from your private corporation

Read Article
No More Income Sprinkling? Other Ways to Split Income

New reasonableness tests will constrain or eliminate income sprinkling for incorporated physicians. Here are some other eincome-splitting strategies to consider to reduce taxes or save for retirement.

Read Article
Federal Budget’s New Proposed Rules: A Primer for Medical Residents

This primer will help you grasp the basics behind incorporating a medical practice and understand how the proposed tax changes in the 2018 federal budget could affect you in the future.

Read Article
Case Study: Dividend Income Challenges: No Income Splitting; Exceeding the Tax-Rate Threshold

IMPORTANT NOTICE: Professional medical corporation information on MD’s web site is based on existing incorporation rules which may be impacted by proposals announced in the Department of Finance’s...

Read Article
Tax Planning Using Private Corporations, What’s Next: A Summary of Finance Announcements

As part of the 2017 federal budget in March, the government indicated it would review certain tax reduction strategies now available to private corporations. MD has been tracking developments...

Read Article
8 Important Factors to Consider When You Have Incorporated Your Practice

IMPORTANT NOTICE: Professional medical corporation information on MD’s web site is based on existing incorporation rules which may be impacted by proposals announced in the Department of Finance’s...

Read Article
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Tax Context for Incorporated Physicians

IMPORTANT NOTICE: Professional medical corporation information on MD’s web site is based on existing incorporation rules which may be impacted by proposals announced in the Department of Finance’s...

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Incorporation

Incorporated physicians and RRSPs: The impact of the new passive income rules

Incorporated physicians can save for retirement through their corporation and RRSPs. The new passive income rules could impact your strategy.

Introduction to medical practice incorporation

Many businesses incorporate to take advantage of certain benefits, but there's more to think about when incorporating a medical practice.

Optimizing your finances as an incorporated physician

This incorporation guide for practicing physicians explains how you can integrate your corporate account into your overall financial plan and effectively manage your assets.

Retiring as an incorporated physician

Approaching retirement with substantial assets in your corporate account? Learn why it’s important to create a tax-efficient income stream from your investments and what to do with your corporation.

Estate planning for incorporated physicians

This guide gives you an overview of estate planning and explains how you can minimize taxes at death.

Introduction to medical practice incorporation

Are you thinking about incorporating your medical practice? Learn about the basics of incorporating, what the advantages are, and what you need to beware of.

Optimizing your finances as an incorporated physician

Incorporating your medical practice can help you accelerate your savings. Find out why it’s important to integrate your corporate account into your overall financial plan to effectively manage your as

Retiring as an incorporated physician

Approaching retirement with substantial assets in your corporate account? Learn why it’s important to create a tax-efficient income stream from your investments and what to do with your corporation.

Estate planning for incorporated physicians

If you intend to keep your corporation until the end of your life, it could add complexity to your estate plan. Without the right strategies in place, you could end up paying more tax than you need to

What are the pros and cons of incorporating my practice?

To better understand how to make the incorporation decision, take a look at the advantages and disadvantages of incorporating outlined below.

Is incorporation the right choice?

Dr. A, a 37-year-old family physician in Toronto, wonders whether incorporation is a worthwhile strategy.

Welcome news for some of Ontario’s incorporated physicians

The Ontario government will be adopting federal tax measures to limit small business deduction for corporations based on passive income in response to the federal government’s passing of legislation

New passive income rules starting in 2019: What incorporated physicians need to know

The new passive income rules will take effect on January 1, 2019, and could affect many incorporated physicians. Find out how you can avoid some of the consequences.

Sharing the wealth: why it pays to donate private shares to charity in your estate plan

If you are an incorporated physician, you can reduce the tax burden on your estate by donating shares from your private corporation

No More Income Sprinkling? Other Ways to Split Income

New reasonableness tests will constrain or eliminate income sprinkling for incorporated physicians. Here are some other eincome-splitting strategies to consider to reduce taxes or save for retirement.

Federal Budget’s New Proposed Rules: A Primer for Medical Residents

This primer will help you grasp the basics behind incorporating a medical practice and understand how the proposed tax changes in the 2018 federal budget could affect you in the future.

Case Study: Dividend Income Challenges: No Income Splitting; Exceeding the Tax-Rate Threshold

IMPORTANT NOTICE: Professional medical corporation information on MD’s web site is based on existing incorporation rules which may be impacted by proposals announced in the Department of Finance’s...

Tax Planning Using Private Corporations, What’s Next: A Summary of Finance Announcements

As part of the 2017 federal budget in March, the government indicated it would review certain tax reduction strategies now available to private corporations. MD has been tracking developments...

8 Important Factors to Consider When You Have Incorporated Your Practice

IMPORTANT NOTICE: Professional medical corporation information on MD’s web site is based on existing incorporation rules which may be impacted by proposals announced in the Department of Finance’s...

Tax Context for Incorporated Physicians

IMPORTANT NOTICE: Professional medical corporation information on MD’s web site is based on existing incorporation rules which may be impacted by proposals announced in the Department of Finance’s...