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Planning for Incorporated Professionals When Access to the Small Business Deduction is Reduced in Partnerships
...income below $500,000, after expenses are paid, where the corporate tax rate is significantly lower. For example, in Ontario, the combined federal and provincial tax rate is 12.2% for business...
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The Retirement Savings Dilemma for Physicians in a 2024 Tax World
...of funding, deduct investment fees, and any administrative fees. Let us look at the example of Dr. Lee who is a 50-year-old physician and has been incorporated for 10 years....
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Succession Planning with Individual Pension Plans and Personal Pension Plans (an IPP with a Different Name)
...and thus not a co-member of the PC, the PC will become a holding company upon death of the practitioner. Access to the IPP funds would be limited to the...
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