Maximize Your Tax Efficiency with Our Comprehensive Services
Understanding the unique tax needs of doctors at every career stage is our specialty at MedTax. Whether you are a resident, self-employed physician, or incorporated practitioner, our tailored tax solutions are designed to maximize your financial success.
Maximize Your Tax Efficiency with Our Comprehensive Services
Understanding the unique tax needs of doctors at every career stage is our specialty at MedTax. Whether you are a resident, self-employed physician, or incorporated practitioner, our tailored tax solutions are designed to maximize your financial success.
Why Choose MedTax for Your Tax Preparation Services?
Experience the ease of life and the maximized returns that come with our tailored solutions, specifically designed to meet the unique needs of doctors at
every stage of their careers.
Why Choose MedTax for Your Tax Preparation Services?
Experience the ease of life and the maximized returns that come with our tailored solutions, specifically designed to meet the unique needs of doctors at every stage of their careers.
Corporate Tax Package
A complete package for incorporated doctors that includes corporate and personal tax return preparation, financial statements, and tax planning services that consider available tax deferral strategies, income splitting strategies, tax efficient distribution, and available expense deductions.
Included in this package:
Preparation of T1 individual income tax return (and partners tax return if applicable)
Preparation of T2 corporate income tax return
Tax slips – T4 (employment) & T5 (dividends)
Tax deferral, income splitting, and tax efficient distribution strategies
Personalized tax calendar
On-going support to answer all of your questions throughout the year
General communication and correspondence with the CRA
Electronic filing and CRA receipt confirmation of return
Filing Ontario Information Returns
Incorporated Physicians
Incorporating a Medical Practice Package
Incorporating your practice offers key tax savings. MedTax ensures full incorporation within 7 days (Ontario only) through our streamlined process, including:
Included in this package:
File Articles of Incorporation
Create a Minute Book including; organizing resolutions, shareholder and director minutes, issue shares and share certificates, create all corporate registries
Recommend appropriate banking structure for your corporation
Provide a list of expenses to be transferred to the corporation from your personal account
Medical Practice Incorporation
Self-Employed Physician Tax Package
A comprehensive tax consulting package for doctors earning income through a sole proprietorship. Providing you with the knowledge to make informed tax decisions and help you reduce your tax burden.
Included in this package:
Preparation of T1 individual tax return
Proactive tax planning services taking into consideration your current and future needs
Tax planning for investments, including real estate income
Support throughout the year
General communication and correspondence with the CRA
Electronic filing and CRA receipt confirmation of return
Self-Employed Physicians
Self-Employed Physicians
Family Trust Package
A complete package for family trusts that includes inter vivos trust tax return preparation, and tax planning services that consider available tax deferral strategies, income splitting strategies, tax efficient distribution, and available expense deductions.
Included in this package:
Preparation of T3 trust income tax return
Tax slips – T3, T5 (interest)
Tax deferral, income splitting, and tax efficient distribution strategies
On-going support to answer all of your questions throughout the year
General communication and correspondence with the CRA
Electronic filing and CRA receipt confirmation of return
Family Trust
Residency and Fellowship Tax Package
A complete package that includes: consulting for your tax and financial goals, and preparation of your tax returns (for residents & fellows that have no other sources of income.) Minimize stress, and maximize returns.
Included in this package:
Preparation of T1 individual tax return
Addressing any tax related question and assistance with CRA inquiries
Tax planning as you transition to practice
Electronic filing and CRA confirmation of return
Residents & Fellows
Optimize Your Financial Success!
Use this form to book your free 15-minute consultation with MedTax.ca today!
Optimize Your
Financial Success!
Use this form to book your free 15-minute consultation with MedTax.ca today!
“I’ve been with MedTax for my tax services for years and can’t recommend them highly enough.
Alex and the team are meticulous with their work, and present an easy and accessible breakdown of my taxes for review, saving me countless hours. They are also incredibly quick to answer any questions that arise. I can rest assured that I’m in good hands. They have my highest endorsement.”
Dr. Celine Kim
Physician
MedTax.ca Is the Top Choice for Canadian Doctors
EXCELLENTTrustindex verifies that the original source of the review is Google. Alex Powell and his team are amazing! Always helpful, friendly and respond to your questions or concerns in a timely manner. They truly have your best interest at heart. We are happy with their service and look forward to working with them for years to come!Trustindex verifies that the original source of the review is Google. Alex and MedTax has been amazing. He is always very responsive and available to answer any questions I have. He is very proactive in reaching to discuss future tax planning. Definitely recommend MedTax for all your accounting needs.Trustindex verifies that the original source of the review is Google. I've been with MedTax for several years and there's no question that I am significantly financially better off for it. They have successfully navigated mistakes I've made doing my own tax planning prior to hiring them, helped me in fixing my payroll accounting and made the personal and corporate tax filing process as easy as I have ever known it to be. Not only have they saved me tens of thousands of dollars, but they're always available for questions, meetings and discussions over any aspect of incorporated medical professional taxes. HIGHLY recommend.Trustindex verifies that the original source of the review is Google. I was referred to MedTax by a colleague and have been extremely impressed with Alex's services. He's incredibly professional, always offers clear and valuable advice, and is consistently responsive whenever I have questions or need support. I highly recommend MedTax to any medical professional looking for a knowledgeable and reliable accountant.Trustindex verifies that the original source of the review is Google. Alex has been fantastic. He is personable, takes pride in his work, and is reliable, always taking the time to provide thoughtful responses to questions and tax planning for the year ahead with your goals in mind. Would highly recommend himTrustindex verifies that the original source of the review is Google. I have worked with Alex at MedTax and his team for about two years now. It is one of the few accounting firms that maintains professionalism at a level comparable to our standards as physicians. Alex and his team are always available to answer my questions and provide explanations. As a busy physician, I consider myself financially illiterate, but I have learned so much since becoming one of their clients. I would highly recommend it.Trustindex verifies that the original source of the review is Google. Could not recommend a better accounting team for Physicians than Alex Powell and his firm MedTax. They dedicate themselves and their resources including their time, availability, and expertise to look after you for all your personal, your business and your family's accounting needs. From the very beginning they have worked so hard for me towards helping me achieve my own personal and corporate goals and have given me a genuinely unparalleled level of quality guidance and due diligence along the way.Trustindex verifies that the original source of the review is Google. Alex Powell and the team at MedTax have been outstanding—professional, responsive, and knowledgeable about medical finances. Recommend for any healthcare professional looking for reliable tax and accounting support.Trustindex verifies that the original source of the review is Google. Great knowledgeable team. Alex is a pleasure to work with and consistently demonstrates responsiveness and attentiveness to all off my tax related needs.Trustindex verifies that the original source of the review is Google. Solid experience consulting with Alex. Extremely friendly, knowledgable, and trustworthy. Would recommend.
MedTax.ca Is the Top Choice for Canadian Doctors
EXCELLENTTrustindex verifies that the original source of the review is Google. Alex Powell and his team are amazing! Always helpful, friendly and respond to your questions or concerns in a timely manner. They truly have your best interest at heart. We are happy with their service and look forward to working with them for years to come!Trustindex verifies that the original source of the review is Google. Alex and MedTax has been amazing. He is always very responsive and available to answer any questions I have. He is very proactive in reaching to discuss future tax planning. Definitely recommend MedTax for all your accounting needs.Trustindex verifies that the original source of the review is Google. I've been with MedTax for several years and there's no question that I am significantly financially better off for it. They have successfully navigated mistakes I've made doing my own tax planning prior to hiring them, helped me in fixing my payroll accounting and made the personal and corporate tax filing process as easy as I have ever known it to be. Not only have they saved me tens of thousands of dollars, but they're always available for questions, meetings and discussions over any aspect of incorporated medical professional taxes. HIGHLY recommend.Trustindex verifies that the original source of the review is Google. I was referred to MedTax by a colleague and have been extremely impressed with Alex's services. He's incredibly professional, always offers clear and valuable advice, and is consistently responsive whenever I have questions or need support. I highly recommend MedTax to any medical professional looking for a knowledgeable and reliable accountant.Trustindex verifies that the original source of the review is Google. Alex has been fantastic. He is personable, takes pride in his work, and is reliable, always taking the time to provide thoughtful responses to questions and tax planning for the year ahead with your goals in mind. Would highly recommend himTrustindex verifies that the original source of the review is Google. I have worked with Alex at MedTax and his team for about two years now. It is one of the few accounting firms that maintains professionalism at a level comparable to our standards as physicians. Alex and his team are always available to answer my questions and provide explanations. As a busy physician, I consider myself financially illiterate, but I have learned so much since becoming one of their clients. I would highly recommend it.Trustindex verifies that the original source of the review is Google. Could not recommend a better accounting team for Physicians than Alex Powell and his firm MedTax. They dedicate themselves and their resources including their time, availability, and expertise to look after you for all your personal, your business and your family's accounting needs. From the very beginning they have worked so hard for me towards helping me achieve my own personal and corporate goals and have given me a genuinely unparalleled level of quality guidance and due diligence along the way.Trustindex verifies that the original source of the review is Google. Alex Powell and the team at MedTax have been outstanding—professional, responsive, and knowledgeable about medical finances. Recommend for any healthcare professional looking for reliable tax and accounting support.Trustindex verifies that the original source of the review is Google. Great knowledgeable team. Alex is a pleasure to work with and consistently demonstrates responsiveness and attentiveness to all off my tax related needs.Trustindex verifies that the original source of the review is Google. Solid experience consulting with Alex. Extremely friendly, knowledgable, and trustworthy. Would recommend.
