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.

  • What's the best order for drawing your retirement income

    What's the best order for drawing your retirement income

    When you begin to draw income in retirement, there are different tax consequences for each source of cash flow.

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  • Is your corporate legacy a gift to the government? How to avoid double taxation

    Is your corporate legacy a gift to the government? How to avoid double taxation

    If you have a corporation without a capable executor, you could be subject to double taxation.

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  • So you’re incorporated: Five terms you need to know

    So you’re incorporated: Five terms you need to know

    If you are a newly incorporated physician, make sure you understand these five incorporation terms.

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  • Is incorporation right for you?

    Is incorporation right for you?

    If you are thinking of incorporating your medical practice, here are five questions to ask yourself.

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  • Medical Practice Incorporation0:38

    Medical Practice Incorporation

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

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  • Should you consider an individual pension plan?

    Should you consider an individual pension plan?

    Incorporated physicians can use an individual pension plan (IPP) to reduce taxes and save for retirement

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  • 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

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  • 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?

    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 right for your medical practice?

    Is incorporation right for your medical practice?

    Here's what you need to know...

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  • What’s your net worth?

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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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