Incorporation--a solution to the veterinarian's income tax miseries?
This series of three articles discusses the new income tax rules regarding the incorporation of professionals in general and veterinarians in particular. It points out that while there may be some degree of tax saving or deferral achieved by incorporating, many provincial veterinary associations may not yet permit its members to incorporate. The incorporation of the nonprofessional aspects, however, should be carefully considered.
D002170:Canada; D007183:Income Tax; D011362:Professional Corporations; D011364:Professional Practice; D014730:Veterinary Medicine