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:
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
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
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
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 and his team are very knowledgeable, enthusiastic and diligent in their services. I would recommend him and his team to any doctor looking for an accountant. They respond quickly, always takes time to answer all my questions, and are extremely knowledgeable about the tax specifics and implications for medical professionals. I trust that they have the most up-to-date information available and that they care for my best interests financially. Thank you Alex!Trustindex verifies that the original source of the review is Google. Alex and his team are truly exceptional. It is a striking contrast to the accountant that I used for many years who rarely communicated. He was very helpful assisting with incorporation and it has been an absolute pleasure working with him. He is extremely responsive and takes as much time as is required to answer questions and provide guidance. He and his team reach out throughout the year to prepare for tax season and everything has been seamless. I wish I had switched to him as my accountant years ago!Trustindex verifies that the original source of the review is Google. We worked with 2 other accountants before we were introduced to Alex & the team at MedTex/Imperial Life through a friend of mine that I trained with. Only thing I can say is that I wish we met them sooner. Would absolutely recommend the team at MedTex to any medical professional. They've been critical in helping my family and I reach our financial goals.Trustindex verifies that the original source of the review is Google. Alex and his team have been very supportive throughout the year, and especially around tax seasons addressing my questions. I really appreciate their patience and organization to get through two tax seasons thus far!Trustindex verifies that the original source of the review is Google. I've had a great experience with Alex and his team. Always available. Highly recommendedTrustindex verifies that the original source of the review is Google. I have been with Medtax for 3 years now. I find Alex and his team being very knowledgable with excellent accounting advice. Always accessible with reasonable accounting fees. Can't be happier!Trustindex verifies that the original source of the review is Google. I have found medtax and specifically Alex Powell tremendously helpful. Not only are they very familiar with physician specific tax decision making, but they also take the time to explain the implications of different choices/structures as a part of their regular services. This is important in my opinion because they are many decision points and options and as someone from a non finance background gaining some basic understanding made the whole process more comfortable and transparentTrustindex verifies that the original source of the review is Google. knowledgable tax advise, prompt service and genuine people to deal with. very accessible tooTrustindex verifies that the original source of the review is Google. I have been with Imperial Lifestyle Management for the past 5+ years. Andrew Dennis, Alex Powell, Zach Murray and the rest of the Imperial team have been instrumental in helping my wife and I achieve our financial goals. They are Professional, responsive to our questions, and importantly understand us and their clients to anticipate future needs. I have recommended their services to many of my Professional colleagues.
MedTax.ca Is the Top Choice for Canadian Doctors
EXCELLENTTrustindex verifies that the original source of the review is Google. Alex and his team are very knowledgeable, enthusiastic and diligent in their services. I would recommend him and his team to any doctor looking for an accountant. They respond quickly, always takes time to answer all my questions, and are extremely knowledgeable about the tax specifics and implications for medical professionals. I trust that they have the most up-to-date information available and that they care for my best interests financially. Thank you Alex!Trustindex verifies that the original source of the review is Google. Alex and his team are truly exceptional. It is a striking contrast to the accountant that I used for many years who rarely communicated. He was very helpful assisting with incorporation and it has been an absolute pleasure working with him. He is extremely responsive and takes as much time as is required to answer questions and provide guidance. He and his team reach out throughout the year to prepare for tax season and everything has been seamless. I wish I had switched to him as my accountant years ago!Trustindex verifies that the original source of the review is Google. We worked with 2 other accountants before we were introduced to Alex & the team at MedTex/Imperial Life through a friend of mine that I trained with. Only thing I can say is that I wish we met them sooner. Would absolutely recommend the team at MedTex to any medical professional. They've been critical in helping my family and I reach our financial goals.Trustindex verifies that the original source of the review is Google. Alex and his team have been very supportive throughout the year, and especially around tax seasons addressing my questions. I really appreciate their patience and organization to get through two tax seasons thus far!Trustindex verifies that the original source of the review is Google. I've had a great experience with Alex and his team. Always available. Highly recommendedTrustindex verifies that the original source of the review is Google. I have been with Medtax for 3 years now. I find Alex and his team being very knowledgable with excellent accounting advice. Always accessible with reasonable accounting fees. Can't be happier!Trustindex verifies that the original source of the review is Google. I have found medtax and specifically Alex Powell tremendously helpful. Not only are they very familiar with physician specific tax decision making, but they also take the time to explain the implications of different choices/structures as a part of their regular services. This is important in my opinion because they are many decision points and options and as someone from a non finance background gaining some basic understanding made the whole process more comfortable and transparentTrustindex verifies that the original source of the review is Google. knowledgable tax advise, prompt service and genuine people to deal with. very accessible tooTrustindex verifies that the original source of the review is Google. I have been with Imperial Lifestyle Management for the past 5+ years. Andrew Dennis, Alex Powell, Zach Murray and the rest of the Imperial team have been instrumental in helping my wife and I achieve our financial goals. They are Professional, responsive to our questions, and importantly understand us and their clients to anticipate future needs. I have recommended their services to many of my Professional colleagues.
