Maximize Your Tax Efficiency with Our Comprehensive Services
From residents to incorporated doctors, we tailor tax strategies to fit every stage of medical life. MedTax simplifies the process, so you can focus on patients — not paperwork.
Maximize Your Tax Efficiency with Our Comprehensive Services
From residents to incorporated doctors, we tailor tax strategies to fit every stage of medical life. MedTax simplifies the process, so you can focus on patients — not paperwork.
Why Choose MedTax for Your Tax Preparation Services?
We understand how medical careers and income evolve, and we turn tax rules into long-term financial advantages.
Why Choose MedTax for Your Tax Preparation Services?
We understand how medical careers and income evolve, and we turn tax rules into long-term financial advantages.
Incorporating a Medical Practice Package
Incorporating your practice offers key tax savings. MedTax can complete your incorporation in as little as 2 business days (Ontario only) through our streamlined process, including:
Included in this package:
File Articles of Incorporation
Create an electronic minute book including by-laws, organizing resolutions, registers, ledgers and sample share certificates
Recommend appropriate banking structure for your corporation
Provide a list of expenses to be transferred to the corporation from your personal account
Medical Professional Corporation Setup
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 partner’s tax return if applicable)
Preparation of T2 corporate income tax return
Tax slips – T4 (salary) & T5 (dividends)
Comprehensive tax strategies for deferral, income allocation, and efficient profit distribution
Year-round access to our team for questions and proactive tax guidance
Direct handling of CRA correspondence and follow-ups on your behalf
Electronic Filing of Returns
Filing Ontario information returns
File Corporate Taxes for Your Medical Corporation
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 your current and future needs into consideration
Tax planning for investments, including real estate income
Year-round access to our team for questions and proactive tax guidance
We handle all CRA correspondence and inquiries on your behalf — so you can focus on your practice
Electronic Filing of Returns
File Your Taxes as a Self-Employed Physician
Family Trust Tax 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)
Income splitting and tax-efficient distribution strategies
Year-round access to our team for questions and proactive tax guidance
General communication and correspondence with the CRA
Electronic Filing of Returns
File Your Taxes for Family Trust
Residents & Fellows Tax Package
A complete package that includes consulting for your tax and financial goals, along with preparation of your tax return for residents and fellows with no other sources of income.
Included in this package:
Year-round access to our team for questions and proactive tax guidance
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 of Returns
File Your Resident or Fellow Taxes
Free tax returns for those registered as a resident or fellow with no other sources of income.
Please note: International residents and fellows are subject to a $250 + HST fee.
If you have locum or clinical billings during training, the Self-Employed Physician Tax Package applies at a 50% discounted rate.
*We do not currently support foreign rental property reporting.
Optimize Your Financial Success!
Use this form to book your free 30-minute consultation with MedTax today!
Optimize Your
Financial Success!
Use this form to book your free 30-minute consultation with MedTax 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
MedTax 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!Posted onTrustindex 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.Posted onTrustindex 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.Posted onTrustindex 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.Posted onTrustindex 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 himPosted onTrustindex 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.Posted onTrustindex 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.Posted onTrustindex 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.Posted onTrustindex 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.Posted onTrustindex verifies that the original source of the review is Google. Solid experience consulting with Alex. Extremely friendly, knowledgable, and trustworthy. Would recommend.
The right MedTax package depends on your career stage and practice structure. Residents and fellows may fit the Residents & Fellows Tax Package, self-employed or locum physicians may fit the Self-Employed Physician Tax Package, and incorporated physicians may need corporate tax support. MedTax also offers support for family trusts and more advanced planning needs.
Yes. MedTax works with incorporated physicians and medical professional corporations. The corporate tax package includes support for personal and corporate tax filing, T4 and T5 slips, tax strategies for deferral, income allocation and profit distribution, CRA correspondence, electronic filing, and Ontario information returns where applicable.
Yes. MedTax supports self-employed and locum physicians who earn income through a sole proprietorship. The self-employed physician package includes T1 individual tax return preparation, proactive tax planning, investment and real estate income planning, CRA correspondence support, year-round access to the team, and electronic filing.
MedTax provides year-round tax planning and support, not just tax filing. Several MedTax packages include year-round access to the team for questions and proactive tax guidance, helping physicians make better decisions before tax season instead of only reacting at filing time.
You can get started by booking a free 30-minute consultation with MedTax. The team will review your situation, identify the right package or service based on your career stage and practice structure, and guide you through the next steps for tax filing, incorporation, bookkeeping, or year-round planning support.
MedTax 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!Posted onTrustindex 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.Posted onTrustindex 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.Posted onTrustindex 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.Posted onTrustindex 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 himPosted onTrustindex 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.Posted onTrustindex 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.Posted onTrustindex 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.Posted onTrustindex 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.Posted onTrustindex verifies that the original source of the review is Google. Solid experience consulting with Alex. Extremely friendly, knowledgable, and trustworthy. Would recommend.
The right MedTax package depends on your career stage and practice structure. Residents and fellows may fit the Residents & Fellows Tax Package, self-employed or locum physicians may fit the Self-Employed Physician Tax Package, and incorporated physicians may need corporate tax support. MedTax also offers support for family trusts and more advanced planning needs.
Yes. MedTax works with incorporated physicians and medical professional corporations. The corporate tax package includes support for personal and corporate tax filing, T4 and T5 slips, tax strategies for deferral, income allocation and profit distribution, CRA correspondence, electronic filing, and Ontario information returns where applicable.
Yes. MedTax supports self-employed and locum physicians who earn income through a sole proprietorship. The self-employed physician package includes T1 individual tax return preparation, proactive tax planning, investment and real estate income planning, CRA correspondence support, year-round access to the team, and electronic filing.
MedTax provides year-round tax planning and support, not just tax filing. Several MedTax packages include year-round access to the team for questions and proactive tax guidance, helping physicians make better decisions before tax season instead of only reacting at filing time.
You can get started by booking a free 30-minute consultation with MedTax. The team will review your situation, identify the right package or service based on your career stage and practice structure, and guide you through the next steps for tax filing, incorporation, bookkeeping, or year-round planning support.
