How to Respond to a CRA T2 Audit Letter — 9 Steps (2026)
The 9-step 2026 playbook for Ontario owner-managers responding to a CRA corporate audit: authorization, scope, evidence package, and Notice of Objection triggers.
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What HST rebate can my Ontario dental practice claim?
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,…
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Can I buy a dental practice through a corporation for tax purposes?
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…
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How does the Small Business Deduction apply to my Ontario dental practice?
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…
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How to Do an HST Voluntary Disclosure — 7 Steps (2026)
The 7-step 2026 HST/GST Voluntary Disclosures Program guide: eligibility, VDP-1 application, penalty and interest relief, and post-acceptance compliance.
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What CPSO fees do I need to pay for my medical corporation?
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….
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Can an Ontario physician incorporate as an MPC?
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…
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How to Incorporate as an Ontario Physician (MPC) — 10 Steps (2026)
The 10-step 2026 Medical Professional Corporation setup for Ontario physicians: CPSO Certificate of Authorization, share class rules, OHIP billing, and tax.
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Can my Holdco own shares in my adult child’s professional corporation?
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…
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When is a Section 85 rollover more useful than a Section 51 exchange?
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…