Professional Corporations for Dentists
A significant number of dentists choose to operate their practice through a professional corporation under the Ontario Business Corporations Act and the Regulated Health Professions Act. Once incorporated, a Certificate of Authorization from the Royal College of Dental Surgeons of Ontario (RCDSO) is required for the professional corporation to practice dentistry in Ontario. We help create and run Professional Corporations […]
Advantages Of Dentistry Professional Corporation
If you are a dentist then there are both tax and non-tax reasons for considering the corporate form of a business organization. As a dental professional, you provide professional services and you are regulated by a governing professional body known as The Royal College of Dental Surgeons. This means that you will then need to […]
Accountant for Dentists
Abdullah CPA is a specialist Accountant for Dentists in Canada and provides comprehensive Accounting Solution for your Dental Professional Corporation and personal returns. We take a proactive and integrated approach to tax planning to ensure your goals are met while paying the lowest possible in taxes. You understand the challenges of practicing dentistry. Abdullah CPA […]
Capital Dividend Election in Canada
Capital dividend election in Canada is a provision that allows Canadian-controlled private corporations (CCPCs) to distribute tax-free dividends to their shareholders from the corporation’s capital dividend account (CDA). The purpose of this election is to provide a tax-efficient way for CCPCs to distribute funds to their shareholders. Here are some key points to understand about […]
Average Cost of Accounting Services for Medical Doctors in Canada
Accounting services play a crucial role in the financial management of Canadian doctors’ practices. With the complexities of tax regulations and the unique financial considerations within the medical profession, doctors often rely on professional accountants to handle their accounting needs. We will explore the average cost of accounting services for Medical doctors in Canada in […]
Whole Life Insurance for Medical Professionals
As a medical professional, you work hard to ensure that your patients are healthy and well taken care of. However, have you ever considered what would happen to your loved ones if you were to pass away unexpectedly? This is where whole life insurance comes in. In this blog post, we’ll discuss what whole life […]