Medical Practice Incorporation

September 6, 2019

Transcript 

Thinking of incorporating your medical practice?

When you incorporate, you become a shareholder (and director or an employee) of the corporation.

Here’s why you might want to give incorporation some thought:

  • May increase wealth.
  • It can speed up your retirement savings.
  • Defer immediate tax burden.

Your medical professional corporation:

  • It is separate from you, the physician
  • It files its own taxes
  • It is a legal entity

Learn more about incorporation at md.ca

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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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Should you consider an individual pension plan?

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