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Young female doctor in white coat sitting at the table and listening to patient sitting in front of her at office
November 13, 2023 Article

Should you incorporate your professional practice?

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
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Transition to Medical Practice From Salaried to Self-Employed Physician
November 3, 2022 Article

The Doctor’s Financial Lifecycle Part 2: Transitioning From Salaried to Self-Employed

Becoming a doctor is no easy feat. We can tell you a few things about the business side of your practice and help get you on the road to financial security. We can help you navigate the tax issues that distinguish the salaried resident from the self-employed
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Doctor giving thumbs up
May 31, 2019 Article

Young physicians and financial health: Getting the right diagnosis

Young physicians at the beginning of their careers are well-versed in the workings of the human body, but usually have lots of basic questions when it comes to the fundamentals of running a
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Stethoscope on doctors notebook
September 8, 2017 Article

Why removing tax breaks for doctors is bad medicine

Under current tax legislation, physicians are entitled to split their income with family members, effectively making spouses and children shareholders in their professional corporations. This is known as income splitting, or "income sprinkling." In its
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