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Planning for Incorporated Professionals When Access to the Small Business Deduction is Reduced in Partnerships
For example, incorporated physicians and dentists are allowed to have family members as shareholders. This can allow for family members to be named shareholders and, even if the benefits of...
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Fair Market Valuation (FMV) of Life Insurance
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Retirement Compensation (RCA)
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Individual Pension Plans (IPP)
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Health Benefit Plan (HBP)
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The Retirement Savings Dilemma for Physicians in a 2024 Tax World
The first 5 years he took a T4 of $100,000 per year, for the last 5 years he increased his T4 to $150,000 per year, and in 2024 he is...
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Retirement Compensation (RCA)
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Health Spending Account (HSA)
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Major Changes on the Horizon for Small Businesses
and administration costs are deductible to the corporation. For example, a 55 year old physician receiving maximum T4 for RSP purposes for the last 5 years, would be able to...
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