On July 18, the Department of Finance released their discussion paper announcing proposed changes to tax planning using private corporations. Last week, on September 20, GGFL’s Health Professional’s Partner Donna Ho and Tax Manager Kody Wilson hosted a webinar highlighting the potential impact to health professionals, including doctors and dentists, from the proposed changes. These […]
Depending on your profession, you may be eligible to have a professional incorporation in Ontario. This article details the status of a number of such particular professions, some of the details behind the legislation that allows this (the Ontario Business Corporations Act), the methods and mechanics of incorporation, and the issues to consider when incorporating. Most importantly, throughout the article, we will detail the benefits of professionally incorporating in Ontario, and how it can help you.