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…
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What triggers Part IV tax on intercorporate dividends?
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…
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How does the LCGE work for an Ontario CCPC sale in 2026?
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…
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What documents do I need for a Section 86 share exchange?
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…
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How to Set Up a PREC in Ontario — 6 Steps (2026)
The 6-step 2026 Personal Real Estate Corporation setup for Ontario REALTORS under TRESA: share structure, RECO notice, brokerage agreement, banking, and tax.