If you've incorporated your practice, what's next?
Professional incorporation is not an end in itself; it needs to be used properly & pro-actively in order for the maximum benefits to be realized, which often includes tens of thousands of dollars in tax savings each year.
All too often people incorporate their practice but have no formal plan or pro-active advisory team to guide them. It is essential that all post-incorporation strategies also be considered in light of your particular situation, to find the ones that will enable you to achieve the maximum financial benefit from your corporation.
There are numerous tax strategies available to a post-incorporated practitioner and each must be looked at through the lens of each healthcare practitioner’s unique personal and professional situation.