Tax tips for practising physicians

February 20, 2020

Due to the COVID-19 pandemic, your personal income tax return is now due June 1 (instead of April 30), and any taxes owing are due September 1, 2020. 

At MD Financial Management, we know tax planning is the best way to make sure you take advantage of all the tax benefits available to you.

To make tax-return season as simple and stress-free as possible for you, we’ve created this guide, which has tips to help you get the most from your current tax return and plan for the coming year.

The guide can help you understand what tax credits, expenses and deductions may be available to you, the government benefit programs you may be eligible for, and much more. Just like medicine, tax law is complex, and it often makes sense to get help from qualified professionals, such as a tax accountant and/or a tax lawyer.

While the information in this guide is geared to physicians in Canada, it is not intended, nor can it be relied upon, to provide complete advice for every particular situation. We strongly encourage you to seek professional help with your particular tax and financial situation.

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