Maximizing your income, minimizing your taxes

Incorporated medical professionals (e.g., physicians, dentists, specialists) often have complex financial situations and are looking for tailored strategies to help them optimize income, reduce taxes and build long-term wealth, both inside and outside their corporation.

Common challenges we help solve

Incorporated professionals collaborating on financial planning

Minimize taxes (corporate & personal)

  • Use of the small business deduction, income splitting and salary vs. dividends strategies.
  • Efficient withdrawal strategies from the corporation.
  • Maximizing corporate and personal tax deferrals.

Optimize retirement planning

  • Build wealth inside the corporation (e.g., corporate-class investments)
  • Use of corporate retirement strategies
  • Tax-efficient withdrawals in retirement

Investment strategy & asset allocation

  • Tax-efficient investing inside the corporation.
  • Coordinating personal and corporate portfolios.
  • Planning for passive income rules that impact small business tax rates.

Protect income & assets

  • Insurance solutions for disability, critical illness, and life insurance (often through the corporation)
  • Asset protection strategies from liability
  • Risk management guidance and coordination with your legal and accounting professionals on incorporation structure

Plan for major life goals

  • Purchase or expansion of a medical/professional practice.
  • Paying down debt (e.g., student loans, business loans).
  • Real estate acquisition (personal or commercial).

Estate and Financial Planning Services (EFPS)*

  • Tax-efficient transfer of corporate assets, in coordination with your EFPS advisor
  • Planning for potential capital gains exemption eligibility if selling a practice
  • Planning for the wind-up of the corporation in retirement, in coordination with your EFPS advisor
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*EFPS Disclosure: EFPS provides professional financial planning services, including estate planning, retirement planning, taxation, investment strategies, money management, tax planning, and contingency planning.