Tailored Services For Medical Doctors
A full range of tax and advisory services for every milestone of your medical career
Tax Preparation Services
MD Tax provides personal and corporate tax returns in three standard packages. We also offer a range of additional tax return services, such as GST/HST returns, payroll, and many others.
Develop Tax Plans & Strategies
Tax planning for medical doctors becomes more complex once you start to practice and accumulate capital. MD Tax will review your current and future goals and determine appropriate asset protection, tax efficient investment, insurance, and retirement savings strategies. We can provide advice on the best type of entity for your medical business (e.g. corporation, sole proprietor, or partnership).
Incorporate Your Medical Practice
We can help assess the suitability of incorporation and implement the steps necessary to incorporate your practice. Incorporation offers many potential benefits including income splitting with family members, more options for retirement savings and greater flexibility in how your practice’s profits are distributed and taxed.
Maintain Your Accounting System
MD Tax can help you with the day-to-day accounting and record keeping of your medical practice. We can assist with the setup, implementation and training of a cloud-based accounting system. Xero the industry leading cloud-based accounting system is our platform providing an easy to use, cost effective, and efficient accounting system.