Tax planning, corporate structuring, and full accounting services for medical professionals and their practices.
You're earning well but paying a significant amount in tax and aren't sure if your structure is optimized
You're working as an associate and not sure how to report your income or whether your current setup is the most tax-efficient option
You've incorporated but nobody has explained the best way to pay yourself, salary, dividends, or a combination
You're thinking about buying into or selling a practice and don't know the tax implications
You have retained earnings in your professional corporation and no strategy for how to access them tax-efficiently
Your practice management software tracks patient billing but it's not being reconciled into your accounting system regularly, so you don't have a clear financial picture until year-end
Incorporation of your professional corporation, including articles, bylaws, resolutions, and minute book.
Determining the optimal mix of salary and dividends based on your personal situation, family, and long-term goals.
Proper reporting of associate income, whether you're earning through your own professional corporation or being paid as an associate under another practice.
T2 returns for your professional corporation, including shareholder loan tracking and intercompany transactions.
T1 returns that account for your employment income, associate earnings, investment income, and all applicable deductions.
Financial statements prepared for your lender, bank, or partnership agreements.
Full-cycle bookkeeping, financial reporting, and year-end preparation for your practice or professional corporation.
Financial analysis and tax planning when buying into, selling, or transitioning a practice.
Preparation of financial documentation and lender coordination for practice acquisitions, expansions, or equipment financing.
Strategies to access retained earnings, fund retirement, and plan the transition of your practice.
Tell us about your practice and how we can support you.
We assess your situation and provide a clear scope and price.
We execute and deliver.
Most doctors and dentists incorporate, but not all professional corporations are structured to maximize tax efficiency. We review your share structure, how you're paying yourself, and whether your setup is aligned with your current income and family situation.
The right mix of salary and dividends depends on your personal tax situation, RRSP contribution room, CPP considerations, and family structure. We model different scenarios and recommend the approach that results in the lowest overall tax for you and your family.
Most associates benefit from incorporating once their income is established. The tax deferral from a professional corporation is significant at higher income levels. We review your situation and advise on the right timing.
Yes. We review the financial position of the practice, assess the tax implications of the purchase, help structure the transaction, and prepare the financial documentation your lender will need.
There are several strategies depending on your goals, paying down debt, investing inside the corporation, distributing to shareholders, or planning for retirement. We review your situation and recommend the most tax-efficient approach.
Book a consultation to discuss your situation and how we can support you.
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