Author: Bader A. Chowdry, CPA, CA, LPA

CPSO charges an initial Certificate of Authorization application fee for a new Medical Professional Corporation, plus an annual renewal fee to keep the Certificate active. Both are deductible corporate expenses….

Yes. Under Business Corporations Act (Ontario) s. 3.2 and Ontario Medical Association Regulation 39/02, an Ontario physician licensed by the College of Physicians and Surgeons of Ontario (CPSO) can incorporate…

Generally no. Ontario professional corporations (PCs) are subject to regulator rules restricting share ownership. All voting shares of an MPC or DPC must be owned by the licensed practitioner. Non-voting…

Use Section 85 when you are transferring assets (real property, inventory, depreciable capital, most eligible property) to a corporation, or exchanging shares while receiving any non-share consideration (boot). Use Section…

Part IV tax under ITA s. 186 applies at 38.33% to (a) all portfolio dividends received by a private corporation from a non-connected Canadian corporation, and (b) dividends from a…

For 2026, the Lifetime Capital Gains Exemption is $1,275,000. An Ontario shareholder selling shares that meet the qualified small business corporation (QSBC) tests under Income Tax Act s. 110.6 can…

A Section 86 internal reorganization requires: (1) directors’ and shareholders’ resolutions approving the share exchange and share-condition changes, (2) articles of amendment filed with the corporate registry, (3) share-subscription documentation…

Only in specific structures. Section 88(1) permits a tax-deferred wind-up of a taxable Canadian corporation into its parent Canadian corporation, provided the parent owns at least 90% of the shares…