When I decided to incorporate, MD helped me every step of the way.
Dr. Edward Kucharski, Family Physician
When I decided to incorporate, they helped me every step of the way.
Contact an
MD Advisor

Incorporation

Benefits and opportunities of physician incorporation

The opportunity to save tax is certainly attractive, yet it’s necessary to analyze your personal financial situation and consider the risks and rewards before committing to a course of action. Integrate your corporation’s assets within your overall wealth management plan and take full advantage of opportunities to increase your net worth.

Estate planning for incorporated physicians

Incorporation adds a level of complexity to estate planning, so you’ll need to take certain steps to ensure that the Canada Revenue Agency isn’t inadvertently a chief beneficiary of your estate!

Wealth management strategies

Most physicians who incorporate their practice do so primarily for the tax advantages. Once the decision to incorporate has been made, however, there are additional strategies that can help you to derive more value from that decision.

The information contained in this document is not intended to offer foreign or domestic taxation, legal, accounting or similar professional advice, nor is it intended to replace the advice of independent tax, accounting or legal professionals. Incorporation guidance is limited to asset allocation and integrating corporate entities into financial plans and wealth strategies. Any tax-related information is applicable to Canadian residents only and is in accordance with current Canadian tax law including judicial and administrative interpretation. The information and strategies presented here may not be suitable for U.S. persons (citizens, residents or green card holders) or non-residents of Canada, or for situations involving such individuals. Employees of the MD Group of Companies are not authorized to make any determination of a client’s U.S. status or tax filing obligations, whether foreign or domestic. The MD ExO® service provides financial products and guidance to clients, delivered through the MD Group of Companies (MD Financial Management Inc., MD Management Limited, MD Private Trust Company, MD Life Insurance Company and MD Insurance Agency Limited). For a detailed list of these companies, visit md.cma.ca. MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. MD Financial Management Inc. is owned by the Canadian Medical Association.