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 articleHow does incorporating help with taxes?
The tax deferral advantage of incorporating is explained in detail.
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Read articleThe dos and don’ts of financial planning for locums
Financial advice for locum tenens: tax planning, incorporation, insurance.
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Read articleWhat'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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Read articleIs 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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Read articleSo 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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Read articleIs incorporation right for you?
If you are thinking of incorporating your medical practice, here are five questions to ask yourself.
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0:38Watch VideoMedical Practice Incorporation
Thinking of incorporating your medical practice? Here’s why you might want to give incorporation some thought...
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Read articleShould 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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Read articleIncorporated 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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Read articleRethinking 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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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
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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Read FlipbookRetiring 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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Read FlipbookEstate 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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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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Read articleWhat 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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