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

Usually no. An Ontario physician’s locum billings can generally flow through the physician’s existing MPC provided the host clinic’s or hospital’s payment arrangement accepts the MPC as the billing entity….

Most dental services (medical services, exempt supplies under ETA Schedule V, Part II) are HST-exempt, meaning the dental practice cannot claim ITCs on the HST embedded in its overhead. However,…

Yes, and structuring through a Dental Professional Corporation (DPC) usually with a Holdco is standard planning for a practice acquisition. Benefits include: tax-deferred accumulation of after-tax practice earnings inside the…

An Ontario Dental Professional Corporation (DPC) is a Canadian-controlled private corporation and qualifies for the Small Business Deduction under ITA s. 125 on the first $500,000 of active business income…

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…