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: A heads-up about health and welfare trusts

    Incorporated physicians: A heads-up about health and welfare trusts

    Health and welfare trusts will be discontinued but could be converted to employee life and health trusts.

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  • Rethinking RRSPs and TFSAs for incorporated doctors

    Rethinking RRSPs and TFSAs for incorporated doctors

    Passive income rules have changed for incorporated professionals.Where it once made sense to shelter your earnings in a corporation alone, today you might want to consider saving outside of your corp.

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

    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

    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

    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.

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  • Retiring as an incorporated physician

    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.

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  • Estate planning for incorporated physicians

    Estate planning for incorporated physicians

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

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  • Introduction to medical practice incorporation2:18

    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.

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  • Optimizing your finances as an incorporated physician2:02

    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
  • Retiring as an incorporated physician2:07

    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
  • Estate planning for incorporated physicians2:33

    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

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  • 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.

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  • Is incorporation the right choice?

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

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  • Welcome news for some of Ontario’s incorporated physicians

    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

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

    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.

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  • 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

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  • No More Income Sprinkling? Other Ways to Split Income

    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.

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

    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.

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  • 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...

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

    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...

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