Incorporation

Important Notice: Some of the content on this page may no longer be current due to proposals announced in the Federal Budget delivered on February 27, 2018. Read MD’s budget summary. 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.

  • Retiring as an incorporated physician

    Retiring as an incorporated physician

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  • Introduction to medical practice incorporation

    Introduction to medical practice incorporation

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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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  • Proposed Tax Changes, At A Glance

    Proposed Tax Changes, At A Glance

    Wondering what the proposed tax changes on private corporations are? Here is MD Financial Management’s quick snapshot of the proposals. 1. Income Sprinkling Pre-2017 tax rules ...

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  • Proposed Tax Changes to Private Corporations: More Questions Than Answers

    The federal government’s proposed tax changes for private corporations continue to draw debate during this 75-day public consultation period ending October 2, 2017. After this date, the...

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  • What Young Physicians Are Asking About Private Corporations

    Medical students, residents and new physicians are closely watching the private corporation issue and wondering about its impact on their future career. Since the federal government proposed tax...

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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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  • 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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  • What are the pros and cons of incorporating my practice?

    Many physicians choose to incorporate their medical practices because of the significant tax advantages. Find out what incorporating means and how you can benefit from the tax deferral and tax savings

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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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  • 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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  • How Provincial Variations and Non-Tax Issues Can Impact Your Compensation and Income as an Incorporated Physician

    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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  • Understanding Integration and Investment Taxation for Corporations

    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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  • Compensation: The Salary vs. Dividends Decision

    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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  • Should you incorporate your medical practice?

    Many physicians choose to incorporate their medical practices because of the significant tax advantages. Find out what incorporating means and how you can benefit from the tax deferral and tax savings

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