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.
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Read ArticleIncorporated 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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Read FlipbookIntroduction 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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Read FlipbookOptimizing your finances as an incorporated physician
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Read FlipbookRetiring as an incorporated physician
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Read FlipbookEstate planning for incorporated physicians
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2:18Watch VideoIntroduction 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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2:02Watch VideoOptimizing 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
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2:07Watch VideoRetiring 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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2:33Watch VideoEstate 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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Read ArticleWelcome 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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Read ArticleNew 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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Read ArticleNo 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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Read ArticleFederal 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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Read ArticleTax 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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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...
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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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