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