Professional corps
Professional corporations
Remuneration mix, TOSI, and the split between personal and corporate.
Medical, dental, and legal professionals operating through a professional corporation. The rules on income splitting tightened materially with the TOSI amendments, and salary-versus-dividend calls have to be revisited every year against RRSP room, CPP contributions, and the small-business deduction. We do that math with you, not at you.
What actually differs
- TOSI (tax on split income) analysis for family members involved in the corporation
- Salary versus dividend mix, refreshed annually
- Passive investment income and the small-business deduction grind
- Regulatory college requirements for share ownership and naming
- Health spending account (HSA) setup where appropriate
Services that apply here
- Corporate tax (T2) & year-end Year-end financial statements and a defensible T2 return, filed on time. See service
- Personal tax (T1) — including self-employed & rental T1 returns for owner-operators, professionals, landlords, and everyone in between. See service
- Notice to Reader & advisory Compilation engagements plus advisory on structure, remuneration, and cash flow. See service
- Payroll, T4/T5, WSIB & source deductions Payroll processed, remittances made, and year-end slips issued on time. See service
A conversation, not a pitch.
Sector fit questions? We're happy to walk through them.
Book a short call and describe how the business runs. If we're the right fit we'll say so, and if we're not we'll tell you who might be.