{"id":586,"date":"2025-05-30T12:18:08","date_gmt":"2025-05-30T16:18:08","guid":{"rendered":"https:\/\/legacymedadvisors.ca\/?page_id=586"},"modified":"2025-08-15T11:35:05","modified_gmt":"2025-08-15T15:35:05","slug":"incorporation","status":"publish","type":"page","link":"https:\/\/legacymedadvisors.ca\/fr\/about\/incorporation\/","title":{"rendered":"Constitution en soci\u00e9t\u00e9"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#F9F8F6″ locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”margin-bottom: 0;” custom_css_main_element_phone=”margin-bottom: 0;”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” header_text_color=”#83754E” global_colors_info=”{}”]<\/p>\n

Incorporation<\/h1>\n

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Why doctors, dentists, and business owners incorporate in Canada<\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ disabled_on=”on|on|off” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row make_equal=”on” disabled_on=”on|on|off” _builder_version=”4.27.4″ _module_preset=”default” positioning=”absolute” position_origin_a=”top_right” horizontal_offset=”5%” width=”45%” max_width=”100%” height=”100%” custom_css_free_form=”selector.et_pb_row {|| clip-path: polygon(150px 0, 100% 0, calc(100% – 150px) 100%, 0 100%);||}” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#09131E” background_image=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/incorporation-for-doctors-dentists-and-business-owners_1.jpg” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ fullwidth=”on” disabled_on=”off|off|on” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_fullwidth_image src=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/incorporation-for-doctors-dentists-and-business-owners_1.jpg” alt=”why doctors, dentists, and business owners incorporate in Canada” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_fullwidth_image][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#192D43″ locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”margin-bottom: 0;” custom_css_main_element_phone=”margin-bottom: 0;”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” background_layout=”dark” max_width=”1500px” global_colors_info=”{}”]<\/p>\n

In Canada, many medical and dental professionals choose to incorporate their practices, and business owners their businesses.<\/h2>\n

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In Canada, many medical and dental professionals choose to incorporate their practices, and business owners their businesses. While incorporation isn\u2019t right for everyone, it offers a range of financial, tax, and legal benefits that make it a popular choice for physicians and dentists, especially those with higher earnings or established practices.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”||60px|||” custom_padding_tablet=”||90px||false|false” custom_padding_phone=”||60px||false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”a0005789-3392-4f16-a59f-7318aa06f8c3″ global_colors_info=”{}”]<\/p>\n

Here\u2019s a breakdown of why incorporation is often advantageous<\/strong> for health professionals in Canada.<\/h3>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” _builder_version=”4.27.4″ _module_preset=”f2ce54e4-be8b-46e9-bcf6-b881f79bd6fa” custom_padding=”||200px||false|false” custom_padding_tablet=”||120px||false|false” custom_padding_phone=”||120px||false|false” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”fad0d7d3-f200-40ec-81f4-558e167d0575″ global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” position_origin_f=”center_left” max_width=”400px” max_width_tablet=”100%” max_width_phone=”100%” max_width_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

1. Tax Deferral Opportunities<\/h2>\n

[\/et_pb_text][et_pb_divider _builder_version=”4.27.4″ _module_preset=”8126410f-8a8b-4667-90fa-215077f451e1″ custom_margin=”40px||0px||false|false” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ custom_margin=”||10px||false|false” global_colors_info=”{}”]<\/p>\n

One of the primary reasons to incorporate is income tax deferral<\/strong>. When you earn income through a corporation, you pay the small business corporate tax rate<\/strong>, which is significantly lower than the top personal tax rate.<\/p>\n

For example:<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”50px||||false|false” border_width_top=”2px” border_color_top=”#09131E” global_colors_info=”{}”][et_pb_circle_counter number=”12″ circle_color=”#AA9458″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_circle_counter][et_pb_text _builder_version=”4.27.4″ _module_preset=”a0005789-3392-4f16-a59f-7318aa06f8c3″ text_orientation=”center” global_colors_info=”{}”]<\/p>\n

Small business tax rate<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” text_font_size=”13px” text_orientation=”center” global_colors_info=”{}”]<\/p>\n

Around 12% to 15% (varies by province)<\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”50px||||false|false” border_width_top=”2px” border_color_top=”#09131E” global_colors_info=”{}”][et_pb_circle_counter number=”50″ circle_color=”#AA9458″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_circle_counter][et_pb_text _builder_version=”4.27.4″ _module_preset=”a0005789-3392-4f16-a59f-7318aa06f8c3″ text_orientation=”center” global_colors_info=”{}”]<\/p>\n

Top personal tax rate<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” text_font_size=”13px” text_orientation=”center” link_option_url=”https:\/\/www.cbc.ca\/news\/health\/more-doctors-keep-working-after-retirement-age-1.1126254″ link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

Can exceed 50%<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ custom_margin=”50px||||false|false” global_colors_info=”{}”]<\/p>\n

By leaving income in the corporation instead of withdrawing it all as salary or dividends, professionals can defer personal taxes and reinvest retained earnings into the business or other investments.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”f2ce54e4-be8b-46e9-bcf6-b881f79bd6fa” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”fad0d7d3-f200-40ec-81f4-558e167d0575″ global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text content_tablet=”<\/p>\n

2. Income Splitting<\/h2>\n

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2. Income Splitting<\/h2>\n

” content_last_edited=”on|tablet” _builder_version=”4.27.4″ _module_preset=”default” position_origin_f=”center_left” max_width=”400px” max_width_tablet=”100%” max_width_phone=”100%” max_width_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

2. Income
Splitting<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”ec9ec38c-6712-465d-abe8-dfa3b47aa88e” position_origin_a=”bottom_left” global_colors_info=”{}”]<\/p>\n

(Where Permitted)<\/p>\n

[\/et_pb_text][et_pb_divider _builder_version=”4.27.4″ _module_preset=”8126410f-8a8b-4667-90fa-215077f451e1″ custom_margin=”40px||0px||false|false” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ custom_margin=”||10px||false|false” global_colors_info=”{}”]<\/p>\n

Although the federal government tightened rules on income splitting through Tax on Split Income (TOSI)<\/strong> in 2018, there are still limited opportunities to split income in specific circumstances:<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”default” custom_margin=”40px||||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”|||5%|false|false” custom_padding_tablet=”|||2%|false|false” custom_padding_phone=”|||2%|false|false” custom_padding_last_edited=”on|tablet” border_width_left=”3px” border_color_left=”#FFFFFF” global_colors_info=”{}”][et_pb_blurb title=”Spouse or adult child” image=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/icon_spouse.png” alt=”Income splitting with spouse or adult child – icon by Good Ware ” _builder_version=”4.27.4″ _module_preset=”7e279775-e401-4d37-abed-2aca3e8645fc” locked=”off” global_colors_info=”{}”]<\/p>\n

Split income with a spouse or adult child who works meaningfully in the practice<\/p>\n

[\/et_pb_blurb][et_pb_blurb title=”Non-Voting Shares” image=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/icon_share.png” alt=”Non-voting shares – icon by Good Ware” _builder_version=”4.27.4″ _module_preset=”7e279775-e401-4d37-abed-2aca3e8645fc” locked=”off” global_colors_info=”{}”]<\/p>\n

In provinces that allow non-voting shares for family members (rules vary)<\/p>\n

[\/et_pb_blurb][et_pb_blurb title=”Estate Planning” image=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/icon_planning.png” alt=”Estate planning – icon by Good Ware” _builder_version=”4.27.4″ _module_preset=”7e279775-e401-4d37-abed-2aca3e8645fc” custom_margin=”||0px||false|false” locked=”off” global_colors_info=”{}”]<\/p>\n

Through retirement and estate planning with careful structuring<\/p>\n

[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ custom_margin=”50px||||false|false” global_colors_info=”{}”]<\/p>\n

Income splitting can reduce a family\u2019s overall tax burden if structured properly and within legal limits.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”f2ce54e4-be8b-46e9-bcf6-b881f79bd6fa” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”fad0d7d3-f200-40ec-81f4-558e167d0575″ global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” position_origin_f=”center_left” global_colors_info=”{}”]<\/p>\n

3. Lifetime Capital Gains Exemption\u00a0<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”ec9ec38c-6712-465d-abe8-dfa3b47aa88e” global_colors_info=”{}”]<\/p>\n

(LCGE)<\/p>\n

[\/et_pb_text][et_pb_divider _builder_version=”4.27.4″ _module_preset=”8126410f-8a8b-4667-90fa-215077f451e1″ custom_margin=”40px||0px||false|false” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” module_class=”align-center” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”|5%|||false|false” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”margin-bottom: 0;” custom_css_main_element_phone=”margin-bottom: 0;”][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ custom_margin=”||10px||false|false” global_colors_info=”{}”]<\/p>\n

In certain cases, selling the shares of a professional corporation may allow access to the Lifetime Capital Gains Exemption<\/strong>, which is over $1 million<\/strong> in 2025.<\/p>\n

While it\u2019s more complex for professional corporations (which typically cannot sell goodwill), tax professionals can sometimes structure the business to take advantage of this exemption.<\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ disabled_on=”on|on|off” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/lifetime-capital-gains-exemption_1.jpg” alt=”Lifetime Capital Gains Exemption (LCGE)” _builder_version=”4.27.4″ _module_preset=”c3e842d0-6822-4df3-9d81-ad5c702a4959″ module_alignment=”center” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ fullwidth=”on” disabled_on=”off|off|on” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_fullwidth_image src=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/lifetime-capital-gains-exemption_1.jpg” alt=”Lifetime capital gains exemption” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_fullwidth_image][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”f2ce54e4-be8b-46e9-bcf6-b881f79bd6fa” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”fad0d7d3-f200-40ec-81f4-558e167d0575″ global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” position_origin_f=”center_left” global_colors_info=”{}”]<\/p>\n

4. Limited Liability Protection<\/h2>\n

[\/et_pb_text][et_pb_divider _builder_version=”4.27.4″ _module_preset=”8126410f-8a8b-4667-90fa-215077f451e1″ custom_margin=”40px||0px||false|false” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ make_equal=”on” module_class=”align-center” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”|5%|||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ custom_margin=”||10px||false|false” global_colors_info=”{}”]<\/p>\n

Incorporation offers some protection from liability\u2014though not for professional negligence<\/strong>, which is still your personal responsibility. However, a corporation can protect you from certain contractual or business liabilities<\/strong>, such as debts or lease obligations.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”f2ce54e4-be8b-46e9-bcf6-b881f79bd6fa” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”fad0d7d3-f200-40ec-81f4-558e167d0575″ global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” position_origin_f=”center_left” global_colors_info=”{}”]<\/p>\n

5. Better Retirement Planning<\/h2>\n

[\/et_pb_text][et_pb_divider _builder_version=”4.27.4″ _module_preset=”8126410f-8a8b-4667-90fa-215077f451e1″ custom_margin=”40px||0px||false|false” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ make_equal=”on” module_class=”align-center” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”|5%|||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ custom_margin=”||||false|false” global_colors_info=”{}”]<\/p>\n

A corporation can be used to build retirement savings in a more tax-efficient way:<\/p>\n

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    \n
  • Retain earnings<\/strong> inside the corporation for investment<\/li>\n
  • Establish an Individual Pension Plan (IPP)<\/strong> or Retirement Compensation Arrangement (RCA)<\/strong><\/li>\n
  • Use corporate-owned life insurance<\/strong> as a planning tool<\/li>\n<\/ul>\n

    [\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ custom_margin=”||||false|false” global_colors_info=”{}”]<\/p>\n

    These strategies can complement your RRSP and TFSA to build long-term wealth.<\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”f2ce54e4-be8b-46e9-bcf6-b881f79bd6fa” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”fad0d7d3-f200-40ec-81f4-558e167d0575″ global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” position_origin_f=”center_left” global_colors_info=”{}”]<\/p>\n

    6. Business Credibility and Continuity<\/h2>\n

    [\/et_pb_text][et_pb_divider _builder_version=”4.27.4″ _module_preset=”8126410f-8a8b-4667-90fa-215077f451e1″ custom_margin=”40px||0px||false|false” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ make_equal=”on” module_class=”align-center” _builder_version=”4.27.4″ _module_preset=”default” custom_margin_tablet=”||50px||false|false” custom_margin_phone=”||50px||false|false” custom_margin_last_edited=”on|tablet” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”|5%|||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ custom_margin=”||||false|false” global_colors_info=”{}”]<\/p>\n

    Having a professional corporation can:<\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,1_4,1_4,1_4″ make_equal=”on” module_class=”align-center” _builder_version=”4.27.4″ _module_preset=”default” custom_margin=”-3px|auto||auto|false|false” custom_css_free_form=”selector.et_pb_row .et_pb_column:first-child {|| width: 31.3333%;|| margin-right: 3%;||}||||selector.et_pb_row .et_pb_column {||}||||selector.et_pb_row .et_pb_column:not(first-child) {|| width: calc(65.667% \/ 3);|| margin-right: 0;||}||||@media (max-width: 980px) {|| selector.et_pb_row .et_pb_column:first-child {|| display: none !important;||}||||selector.et_pb_row .et_pb_column {|| width: 100% !important;|| margin-right: 0;|| }|| selector.et_pb_row .et_pb_column:not(:last-child) {|| margin-bottom: 50px !important;||}||}” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”|5%|||false|false” custom_padding_tablet=”|0%|||false|false” custom_padding_phone=”|0%|||false|false” custom_padding_last_edited=”on|tablet” global_colors_info=”{}”][et_pb_image src=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/credibility-with-banks_1.jpg” alt=”improve business credibility with banks” _builder_version=”4.27.4″ _module_preset=”c3e842d0-6822-4df3-9d81-ad5c702a4959″ max_width_tablet=”300px” max_width_phone=”300px” max_width_last_edited=”on|tablet” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ text_orientation=”center” custom_margin=”||||false|false” text_orientation_tablet=”left” text_orientation_phone=”left” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

    Improve credibility with banks, suppliers, and patients<\/p>\n

    [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”|5%|||false|false” custom_padding_tablet=”|0%|||false|false” custom_padding_phone=”|0%|||false|false” custom_padding_last_edited=”on|tablet” global_colors_info=”{}”][et_pb_image src=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/bring-on-partners-or-associates_1.jpg” alt=”make it easier to bring on partners or associates” _builder_version=”4.27.4″ _module_preset=”c3e842d0-6822-4df3-9d81-ad5c702a4959″ max_width_tablet=”300px” max_width_phone=”300px” max_width_last_edited=”on|tablet” module_alignment_tablet=”left” module_alignment_phone=”left” module_alignment_last_edited=”on|tablet” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ text_orientation=”center” max_width=”230px” max_width_tablet=”100%” max_width_phone=”100%” max_width_last_edited=”on|tablet” module_alignment=”center” custom_margin=”||||false|false” text_orientation_tablet=”left” text_orientation_phone=”left” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

    Make it easier to bring on partners or associates<\/strong><\/p>\n

    [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”|5%|||false|false” custom_padding_tablet=”|0%|||false|false” custom_padding_phone=”|0%|||false|false” custom_padding_last_edited=”on|tablet” global_colors_info=”{}”][et_pb_image src=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/cotinuity-of-business_1.jpg” alt=”provide continuity of the business” title_text=”cotinuity-of-business_1″ _builder_version=”4.27.4″ _module_preset=”c3e842d0-6822-4df3-9d81-ad5c702a4959″ max_width_tablet=”300px” max_width_phone=”300px” max_width_last_edited=”on|tablet” module_alignment_tablet=”left” module_alignment_phone=”left” module_alignment_last_edited=”on|tablet” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ text_orientation=”center” custom_margin=”||||false|false” text_orientation_tablet=”left” text_orientation_phone=”left” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

    Provide continuity<\/strong> of the business if the owner passes away or retires<\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”f2ce54e4-be8b-46e9-bcf6-b881f79bd6fa” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”fad0d7d3-f200-40ec-81f4-558e167d0575″ global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” position_origin_f=”center_left” max_width=”400px” max_width_tablet=”100%” max_width_phone=”100%” max_width_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

    7. Customization and Flexibility<\/h2>\n

    [\/et_pb_text][et_pb_divider _builder_version=”4.27.4″ _module_preset=”8126410f-8a8b-4667-90fa-215077f451e1″ custom_margin=”40px||0px||false|false” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ custom_margin=”||10px||false|false” global_colors_info=”{}”]<\/p>\n

    A professional corporation allows doctors and dentists to structure compensation flexibly, including:<\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”default” custom_margin=”40px||||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”|||5%|false|false” custom_padding_tablet=”|||2%|false|false” custom_padding_phone=”|||2%|false|false” custom_padding_last_edited=”on|desktop” border_width_left=”3px” border_color_left=”#F3F4F5″ global_colors_info=”{}”][et_pb_blurb title=”Salary” image=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/icon_payment-day.png” alt=”Salary – icon by Good Ware” module_class=”left-icon-link no-hover” _builder_version=”4.27.4″ _module_preset=”7e279775-e401-4d37-abed-2aca3e8645fc” locked=”off” global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Dividends” image=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/icon_percentage.png” alt=”Salary – icon by Good Ware” module_class=”left-icon-link no-hover” _builder_version=”4.27.4″ _module_preset=”7e279775-e401-4d37-abed-2aca3e8645fc” locked=”off” global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Bonuses” image=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/icon_cheque.png” alt=”Salary – icon by Good Ware” module_class=”left-icon-link no-hover” _builder_version=”4.27.4″ _module_preset=”7e279775-e401-4d37-abed-2aca3e8645fc” locked=”off” global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Loans from the corporation (within legal limits)” image=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/icon_loan.png” alt=”Salary – icon by Good Ware” module_class=”left-icon-link no-hover” _builder_version=”4.27.4″ _module_preset=”7e279775-e401-4d37-abed-2aca3e8645fc” custom_margin=”||0px||false|false” locked=”off” global_colors_info=”{}”][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ custom_margin=”50px||||false|false” global_colors_info=”{}”]<\/p>\n

    This can help with personal and family tax planning, investment strategies, and debt management.<\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#F3F4F5″ global_colors_info=”{}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

    In Summary<\/h2>\n

    [\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”c0bc2bcd-b079-4ee0-9b11-a24cfb1bd9b2″ global_colors_info=”{}”]<\/p>\n

    Incorporation isn\u2019t just a legal structure\u2014it\u2019s a powerful financial tool.<\/strong> For Canadian doctors and dentists with stable practices, business owners with stable businesses, and higher incomes, it can unlock major advantages in tax planning, retirement savings, and asset protection.<\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” background_color=”#192D43″ background_enable_pattern_style=”on” background_pattern_style=”pinwheel” background_pattern_color=”rgba(9,19,30,0.07)” background_pattern_size=”custom” background_pattern_width=”25vw” global_colors_info=”{}”][et_pb_row disabled_on=”on|on|off” _builder_version=”4.27.4″ _module_preset=”default” background_color=”#83754E” background_image=”https:\/\/legacymedadvisors.ca\/wp-content\/uploads\/2025\/05\/final-thoughts-on-incorporation_1.jpg” positioning=”absolute” position_origin_a=”top_right” width=”50%” max_width=”50%” height=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”|5%|||false|false” custom_padding_tablet=”|0%|||false|false” custom_padding_phone=”|0%|||false|false” custom_padding_last_edited=”on|tablet” custom_css_main_element=”margin-bottom: 0;” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” background_layout=”dark” header_2_text_align_tablet=”center” header_2_text_align_phone=”center” header_2_text_align_last_edited=”on|tablet” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

    Final Considerations<\/h2>\n

    [\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”a0005789-3392-4f16-a59f-7318aa06f8c3″ header_3_text_color=”#AA9458″ background_layout=”dark” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” locked=”off” global_colors_info=”{}”]<\/p>\n

    Strategies for Uncertain Times<\/h3>\n

    [\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” background_layout=”dark” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

    Before incorporating, it\u2019s essential to consult with a tax advisor and legal professional<\/strong>. Not all health professionals benefit from incorporation\u2014especially those with lower earnings, high personal spending needs, or those close to retirement.<\/p>\n

    Each province also has its own rules governing professional corporations, including naming conventions and ownership restrictions. Licensing bodies like the College of Physicians and Surgeons<\/strong> or Royal College of Dental Surgeons<\/strong> must approve your corporation.<\/p>\n

    [\/et_pb_text][et_pb_button button_text=”Get in touch” button_alignment_tablet=”center” button_alignment_phone=”center” button_alignment_last_edited=”on|tablet” _builder_version=”4.27.4″ _module_preset=”79517e5e-04aa-428c-97ab-474afd56a006″ custom_margin=”80px||||false|false” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_2″ disabled_on=”on|on|off” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ theme_builder_area=”post_content” _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”50px||50px||false|false” hover_enabled=”0″ sticky_enabled=”0″][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” theme_builder_area=”post_content”][et_pb_column _builder_version=”4.27.4″ _module_preset=”default” type=”4_4″ theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.4″ _module_preset=”254c1167-b58d-414c-aa76-12e4a7885e7e” theme_builder_area=”post_content” hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n

    This content is intended for general informational purposes only and does not constitute financial, legal or tax advice. Incorporation involves complex legal and financial considerations that may vary depending on individual circumstances and provincial regulations in Canada.<\/p>\n

    We are not tax advisors, and we recommend readers to consult with a qualified tax professional before making any decisions relating to incorporation.<\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

    IncorporationWhy doctors, dentists, and business owners incorporate in CanadaIn Canada, many medical and dental professionals choose to incorporate their practices, and business owners their businesses.In Canada, many medical and dental professionals choose to incorporate their practices, and business owners their businesses. While incorporation isn\u2019t right for everyone, it offers a range of financial, tax, and legal benefits that make it a popular choice for physicians and dentists, especially those with higher earnings or established practices.Here\u2019s a breakdown of why incorporation is often advantageous for health professionals in Canada.1. Tax Deferral OpportunitiesOne of the primary reasons to incorporate is income tax deferral. When you earn income through a corporation, you pay the small business corporate tax rate, which is significantly lower than the top personal tax rate. For example:Small business tax rateAround 12% to 15% (varies by province)Top personal tax rateCan exceed 50%By leaving income in the corporation instead of withdrawing it all as salary or dividends, professionals can defer personal taxes and reinvest retained earnings into the business or other investments.2. IncomeSplitting(Where Permitted)Although the federal government tightened rules on income splitting through Tax on Split Income (TOSI) in 2018, there are still limited opportunities to split income in specific circumstances:Split […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":106,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-586","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nIncorporation | LegacyMED Advisors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/legacymedadvisors.ca\/fr\/about\/incorporation\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Incorporation | LegacyMED Advisors\" \/>\n<meta property=\"og:description\" content=\"IncorporationWhy doctors, dentists, and business owners incorporate in CanadaIn Canada, many medical and dental professionals choose to incorporate their practices, and business owners their businesses.In Canada, many medical and dental professionals choose to incorporate their practices, and business owners their businesses. While incorporation isn\u2019t right for everyone, it offers a range of financial, tax, and legal benefits that make it a popular choice for physicians and dentists, especially those with higher earnings or established practices.Here\u2019s a breakdown of why incorporation is often advantageous for health professionals in Canada.1. Tax Deferral OpportunitiesOne of the primary reasons to incorporate is income tax deferral. When you earn income through a corporation, you pay the small business corporate tax rate, which is significantly lower than the top personal tax rate. For example:Small business tax rateAround 12% to 15% (varies by province)Top personal tax rateCan exceed 50%By leaving income in the corporation instead of withdrawing it all as salary or dividends, professionals can defer personal taxes and reinvest retained earnings into the business or other investments.2. IncomeSplitting(Where Permitted)Although the federal government tightened rules on income splitting through Tax on Split Income (TOSI) in 2018, there are still limited opportunities to split income in specific circumstances:Split […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/legacymedadvisors.ca\/fr\/about\/incorporation\/\" \/>\n<meta property=\"og:site_name\" content=\"LegacyMED Advisors\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-15T15:35:05+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/legacymedadvisors.ca\\\/about\\\/incorporation\\\/\",\"url\":\"https:\\\/\\\/legacymedadvisors.ca\\\/about\\\/incorporation\\\/\",\"name\":\"Incorporation | LegacyMED Advisors\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/legacymedadvisors.ca\\\/#website\"},\"datePublished\":\"2025-05-30T16:18:08+00:00\",\"dateModified\":\"2025-08-15T15:35:05+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/legacymedadvisors.ca\\\/about\\\/incorporation\\\/#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/legacymedadvisors.ca\\\/about\\\/incorporation\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/legacymedadvisors.ca\\\/about\\\/incorporation\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/legacymedadvisors.ca\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"About\",\"item\":\"https:\\\/\\\/legacymedadvisors.ca\\\/about\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Incorporation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/legacymedadvisors.ca\\\/#website\",\"url\":\"https:\\\/\\\/legacymedadvisors.ca\\\/\",\"name\":\"LegacyMED Advisors\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/legacymedadvisors.ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Incorporation | LegacyMED Advisors","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/legacymedadvisors.ca\/fr\/about\/incorporation\/","og_locale":"fr_CA","og_type":"article","og_title":"Incorporation | LegacyMED Advisors","og_description":"IncorporationWhy doctors, dentists, and business owners incorporate in CanadaIn Canada, many medical and dental professionals choose to incorporate their practices, and business owners their businesses.In Canada, many medical and dental professionals choose to incorporate their practices, and business owners their businesses. While incorporation isn\u2019t right for everyone, it offers a range of financial, tax, and legal benefits that make it a popular choice for physicians and dentists, especially those with higher earnings or established practices.Here\u2019s a breakdown of why incorporation is often advantageous for health professionals in Canada.1. Tax Deferral OpportunitiesOne of the primary reasons to incorporate is income tax deferral. When you earn income through a corporation, you pay the small business corporate tax rate, which is significantly lower than the top personal tax rate. For example:Small business tax rateAround 12% to 15% (varies by province)Top personal tax rateCan exceed 50%By leaving income in the corporation instead of withdrawing it all as salary or dividends, professionals can defer personal taxes and reinvest retained earnings into the business or other investments.2. IncomeSplitting(Where Permitted)Although the federal government tightened rules on income splitting through Tax on Split Income (TOSI) in 2018, there are still limited opportunities to split income in specific circumstances:Split […]","og_url":"https:\/\/legacymedadvisors.ca\/fr\/about\/incorporation\/","og_site_name":"LegacyMED Advisors","article_modified_time":"2025-08-15T15:35:05+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/legacymedadvisors.ca\/about\/incorporation\/","url":"https:\/\/legacymedadvisors.ca\/about\/incorporation\/","name":"Incorporation | LegacyMED Advisors","isPartOf":{"@id":"https:\/\/legacymedadvisors.ca\/#website"},"datePublished":"2025-05-30T16:18:08+00:00","dateModified":"2025-08-15T15:35:05+00:00","breadcrumb":{"@id":"https:\/\/legacymedadvisors.ca\/about\/incorporation\/#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/legacymedadvisors.ca\/about\/incorporation\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/legacymedadvisors.ca\/about\/incorporation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/legacymedadvisors.ca\/"},{"@type":"ListItem","position":2,"name":"About","item":"https:\/\/legacymedadvisors.ca\/about\/"},{"@type":"ListItem","position":3,"name":"Incorporation"}]},{"@type":"WebSite","@id":"https:\/\/legacymedadvisors.ca\/#website","url":"https:\/\/legacymedadvisors.ca\/","name":"Conseillers LegacyMED","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/legacymedadvisors.ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"}]}},"_links":{"self":[{"href":"https:\/\/legacymedadvisors.ca\/fr\/wp-json\/wp\/v2\/pages\/586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/legacymedadvisors.ca\/fr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/legacymedadvisors.ca\/fr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/legacymedadvisors.ca\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/legacymedadvisors.ca\/fr\/wp-json\/wp\/v2\/comments?post=586"}],"version-history":[{"count":0,"href":"https:\/\/legacymedadvisors.ca\/fr\/wp-json\/wp\/v2\/pages\/586\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/legacymedadvisors.ca\/fr\/wp-json\/wp\/v2\/pages\/106"}],"wp:attachment":[{"href":"https:\/\/legacymedadvisors.ca\/fr\/wp-json\/wp\/v2\/media?parent=586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}