Real or Rumor?

Why more Ontario doctors are choosing to incorporate.

Ontario offers two incredible tax benefits to physicians who incorporate for the purposes of practicing medicine.

1. Incorporated physicians in Ontario can pay as little as 18% tax on corporate income up to $400,000 per year. (Compare this to paying over 40% tax on personal income !)
2. Incorporated physicians can split their income with family members. Income splitting allows incorporated physicians to shift income within their family and take advantage of lower tax brackets, deductions and credits available to each family member. In Ontario, physicians can effectively split their income by first issuing non-voting shares and then dividends to a spouse, child or parents.

Check out the publications and resources below to learn more about these significant tax benefits:

• "Incorporation Rules Expanded for Ontario Doctors and Dentists" BDO Canada
• "Tax Advantages of Physician Professional Corporations" Ontario Health Law
• "Incorporation Issuance and Renewal", the College of Physicians and Surgeons of Ontario (CPSO)

Still want to know more? The links below will provide you with extra details about working and living in beautiful Ontario, Canada.

• Learn more about Ontario’s compensation models for Family Medicine Physicians.
• Learn more about Ontario’s compensation models for Specialists.
• Learn more about opportunities in Ontario.
• Learn more about Ontario. 

Talk to an advisor
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HealthForceOntario Marketing and Recruitment Agency
Toll-free: 1-866-535-7779
E-mail: opportunity@healthforceontario.ca

Please note: the information contained on this website and from any communication related to this website is for information purposes only. The material on this website does not constitute advice and you should not rely on any material in this website to make (or refrain from making) any decision or take (or refrain from making) any action with regards to physician finances and incorporation. Always consult a certified accountant for factually sound financial advice.