Incorporate Your Medical
Professionals In 7 Days

Incorporation empowers medical professionals in Canada to access financial advantages, including tax benefits and asset protection, ensuring long-term success and compliance while enhancing credibility within the medical and business fields.

Discover the benefits of incorporation with one of our experts.

Incorporate Your Medical
Professionals In 7 Days

Incorporation empowers medical professionals in Canada to access financial advantages, including tax benefits and asset protection, ensuring long-term success and compliance while enhancing credibility within the medical and business fields.

Discover the benefits of incorporation with one of our experts.

Incorporation for Medical Professionals

MedTax is your trusted partner in this journey, offering expertise and efficiency to streamline the incorporation process, ensuring you harness the full potential of these benefits seamlessly.

Incorporation for Medical Professionals

MedTax is your trusted partner in this journey, offering expertise and efficiency to streamline the incorporation process, ensuring you harness the full potential of these benefits seamlessly.

Incorporation

Incorporation offers doctors a range of substantial advantages.

  • Benefit from deductions, credits, and incentives specific to corporations, reducing tax burden and increasing efficiency.

  • Enables income splitting among family shareholders, reducing overall household tax liability.

  • Increases profitability through reduced taxable income by deducting expenses like rent, equipment, marketing and more.

Incorporate In

7 Days Flat!

Incorporate in 7 days flat!

MedTax handles everything for you. Simply fill out a form, and we’ll take care of the rest.

Start Incorporating Today!

Day 1

Meeting with MedTax to review tax benefits of incorporating your practice

Day 2

You complete the Memo of Incorporation and return it to MedTax

  • Information required:
    • Preferred name for your corporation
    • Address to use for the corporation
    • Name(s) of director(s) and officers
    • Name(s) of shareholders
    • CPSO number
Day 3

MedTax files Articles of Incorporation

    • The following are emailed to you (in PDF format):
      • Certificate of Incorporation
      • Articles of Incorporation
      • Initial Return
      • Profile Report
      • Ministry of Health forms to redirect payments to your new business bank account
      • MedTax Memo: Incorporation Next Steps
      • MedTax Memo: CPSO Certificate of Authorization Application Process
  • You apply for CPSO’s Certificate of Authorization for your new MPC
    • The application fee is $400 paid to CPSO
Day 4

You open business bank accounts for your new corporation

    • A recommended bank structure is included in the MedTax Memo: Incorporation Next Steps
Day 7
  • MedTax prepares the (physical) Minute Book including:
    • By-laws
    • Organizing resolutions
    • Registers and ledgers
    • Share certificates
    • Corporate seal

Day 7 – Incorporated In Ontario!

Value-Added Services MedTax Provides

  • Review expenses to transfer to your corporation for tax-efficient cash flow
  • Tax advice to achieve maximum savings
  • Phone, text and email support are a click away

Choosing a Corporate Name:

  • Choose a name that complies with the regulations of the College of Physicians and Surgeons of Ontario (CPSO) and the Business Corporations Act.

Preparing Incorporation Documents:

  • Prepare and file the Articles of Incorporation, along with any other required documents, with the Ontario Ministry of Government and Consumer Services.

Ensuring Shareholder Eligibility:

  • Ensure all shareholders are members of the CPSO and hold a valid certificate of registration.

Registering with the CPSO:

  • Register the professional corporation with the CPSO and obtain a Certificate of Authorization.

Maintaining Professional Liability Insurance:

  • Ensure all physicians associated with the corporation have adequate professional liability protection.

Complying with Advertising Regulations:

  • Adhere to the CPSO’s guidelines and bylaws regarding advertising and marketing for professional corporations.

Paying Annual Fees:

  • Pay the required annual fees to the CPSO: $400 for the Certificate of Authorization application fee and $175 for the annual renewal fee​​.
  • Renew the Certificate of Authorization annually.

Keeping Accurate Records:

  • Maintain up-to-date corporate records, including financial statements, shareholder agreements, and minutes of meetings.

Forms and Documentation:

  • Articles of Incorporation: Prepare and file with the Ontario Ministry of Government and Consumer Services.
  • Certificate of Authorization Application: Submit to the College of Physicians and Surgeons of Ontario (CPSO) for approval.
  • Compliance Documentation: Maintain records of compliance with provincial laws and CPSO regulations.
  • Annual Renewal: Ensure timely submission of renewal forms and fees to the CPSO to maintain the Certificate of Authorization.

Reviewing Tax Strategies Annually: 

  • Work with tax professionals to review and update tax strategies in line with changing tax laws and personal circumstances.

Need Assistance?

At MedTax.ca, we specialize in providing tax services exclusively to medical professionals in Canada. With our expertise, we can guide you through every step of the incorporation process in Ontario, ensuring that you meet all legal and professional obligations while optimizing your tax benefits.

Contact us here for a free consultation and let’s simplify your medical practice incorporation journey.

Incorporate in 7 days flat!

MedTax handles everything for you. Simply fill out a form, and we’ll take care of the rest.

Day 1

Meeting with MedTax to review tax benefits of incorporating your practice

Day 2

You complete the Memo of Incorporation and return it to MedTax

  • Information required:
    • Preferred name for your corporation
    • Address to use for the corporation
    • Name(s) of director(s) and officers
    • Name(s) of shareholders
    • CPSO number
Day 3

MedTax files Articles of Incorporation

    • The following are emailed to you (in PDF format):
      • Certificate of Incorporation
      • Articles of Incorporation
      • Initial Return
      • Profile Report
      • Ministry of Health forms to redirect payments to your new business bank account
      • MedTax Memo: Incorporation Next Steps
      • MedTax Memo: CPSO Certificate of Authorization Application Process
  • You apply for CPSO’s Certificate of Authorization for your new MPC
    • The application fee is $400 paid to CPSO
Day 4

You open business bank accounts for your new corporation

    • A recommended bank structure is included in the MedTax Memo: Incorporation Next Steps
Day 7
  • MedTax prepares the (physical) Minute Book including:
    • By-laws
    • Organizing resolutions
    • Registers and ledgers
    • Share certificates
    • Corporate seal

Day 7 – Incorporated In Ontraio!

Value-Added Services MedTax Provides

  • Review expenses to transfer to your corporation for tax-efficient cash flow
  • Tax advice to achieve maximum savings
  • Phone, text and email support are a click away

Choosing a Corporate Name:

  • Choose a name that complies with the regulations of the College of Physicians and Surgeons of Ontario (CPSO) and the Business Corporations Act.

Preparing Incorporation Documents:

  • Prepare and file the Articles of Incorporation, along with any other required documents, with the Ontario Ministry of Government and Consumer Services.

Ensuring Shareholder Eligibility:

  • Ensure all shareholders are members of the CPSO and hold a valid certificate of registration.

Registering with the CPSO:

  • Register the professional corporation with the CPSO and obtain a Certificate of Authorization.

Maintaining Professional Liability Insurance:

  • Ensure all physicians associated with the corporation have adequate professional liability protection.

Complying with Advertising Regulations:

  • Adhere to the CPSO’s guidelines and bylaws regarding advertising and marketing for professional corporations.

Paying Annual Fees:

  • Pay the required annual fees to the CPSO: $400 for the Certificate of Authorization application fee and $175 for the annual renewal fee​​.
  • Renew the Certificate of Authorization annually.

Keeping Accurate Records:

  • Maintain up-to-date corporate records, including financial statements, shareholder agreements, and minutes of meetings.

Forms and Documentation:

  • Articles of Incorporation: Prepare and file with the Ontario Ministry of Government and Consumer Services.
  • Certificate of Authorization Application: Submit to the College of Physicians and Surgeons of Ontario (CPSO) for approval.
  • Compliance Documentation: Maintain records of compliance with provincial laws and CPSO regulations.
  • Annual Renewal: Ensure timely submission of renewal forms and fees to the CPSO to maintain the Certificate of Authorization.

Reviewing Tax Strategies Annually: 

  • Work with tax professionals to review and update tax strategies in line with changing tax laws and personal circumstances.

Need Assistance?

At MedTax.ca, we specialize in providing tax services exclusively to medical professionals in Canada. With our expertise, we can guide you through every step of the incorporation process in Ontario, ensuring that you meet all legal and professional obligations while optimizing your tax benefits.

Contact us here for a free consultation and let’s simplify your medical practice incorporation journey.

Are You Already Incorporated?

We’ve got a number of packages for filing your taxes.

Are You Already Incorporated?

We’ve got a number of packages for filing your taxes.

Let’s Get You Set Up With Your Incorporation 

Let’s Get You Set Up With Your Incorporation 


Claim Instant Access to Our Top 70 Tax Tips for a Better Return Next Year


 

Claim Instant Access to Our Top 70 Tax Tips for a better return next year


 

I’ve been with Medtax.ca for my tax services for years and can’t recommend them highly enough.

Alex and 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 I’m in good hands. They have my highest endorsement.

Dr. C Kim

Physician

I’ve been with Medtax.ca for my tax services for years and can’t recommend them highly enough.

Alex and 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 I’m in good hands. They have my highest endorsement.

Dr. C Kim

Physician

MedTax.ca Is the Top Choice for Canadian Doctors