If you practice or intend to practice medicine, this book will help you understand the benefits and applications of operating as an incorporated professional, or as a sole proprietor. Our focus is on making you aware of the steps you can take toward saving taxes and maximizing all of your financial opportunities.
If you are a financial planner or advisor, you can learn what is important to your clients, and provide insight into proper structuring and planning.
Since the updated version of this book was published in 2011, there have been significant changes in the financial industry that have had a direct impact on the business environment for professionals. The new rules and regulations announced in the 2018 Federal budget have directly targeted medical professionals, however, the strategies outlined in this book will help navigate these changes and unlock more value from your professional corporation. These opportunities, and the structures that facilitate them, are outlined in detail throughout the 2019 version of Professional Corporations: The Secret to Success – Medical Edition
The new version of Professional Corporations – The Secret to Success is larger, more in depth, and is the foremost resource for successful professionals.
New and expanded topics:
- Income Splitting
- Passive Investment Income
- Estates & GRE’s
- Debt Repayment & Loan Forgiveness
- Medical Clinic Buy-in
- Should I Contribute to My RRSPs