If you are an incorporated professional (Physician, Dentist, Chiropractor, Veterinarian, etc.) or considering incorporation, you have come to the right website. Professional incorporation itself is a wise choice from a tax perspective, but the savings don’t need to stop there.
There are 3 areas that you definitely need to consider:
- Tax efficient investment of monies inside your professional corporation.
- Making your family’s healthcare costs 100% tax deductible to your professional corporation using a Health Spending Account (HSA).
- Using insurance tax efficiently as a tax savings tool as well as providing a tax-free withdrawal option at retirement.
