519 672 2121
Close mobile menu
Published on: 20 Feb 2020 By ,

Cybersecurity and Privacy Considerations for Professionals

Professional organizations, including medical, dental and other health care practices, continually depend on technology and digital advancements to collect, store and organize information about their patients. Increasing use of electronic data and electronic medical records creates a heighte…

Continue reading the post titled Cybersecurity and Privacy Considerations for Professionals
Published on: 14 Jan 2020 By

Should I practice through a professional corporation?

Several years ago, most professions governed by colleges or institutes were granted the ability to incorporate. Since that time, thousands of professionals across Canada have incorporated their practices. For newer graduates, whether, and when, to incorporate will be an important decision. T…

Continue reading the post titled Should I practice through a professional corporation?
Published on: 9 Jan 2020 By

Establishing a medicine professional corporation: Who is permitted to own shares?

The Regulated Health Professions Act allows medical professionals to establish a corporation for the purpose of practicing medicine. Creating a Medicine Professional Corporation (MPC) may be financially beneficial for physicians since the tax rate of the corporation is much lower compared to…

Continue reading the post titled Establishing a medicine professional corporation: Who is permitted to own shares?
Published on: 17 Dec 2019 By

Expanded tax on split income (TOSI) rules for professionals

Many professionals choose to incorporate a professional corporation to take advantage of the various tax benefits of doing so.  Professionals, such as physicians and dentists, who are permitted to include family members[1] as shareholders, have historically been able to benefit from income s…

Continue reading the post titled Expanded tax on split income (TOSI) rules for professionals
Published on: 10 Dec 2019 By

6 Key Elements of a Business Succession Plan

Recently, the Canadian Federation of Independent Business (“CFIB”) suggested that “some 72% of business owners intend to exit their businesses within the next decade, with over 1.5 trillion dollars’ worth of business assets to be transferred to a new generation of business owners”[1]. This s…

Continue reading the post titled 6 Key Elements of a Business Succession Plan