Category
04Doctor, dentist, lawyer, engineer? Your income deserves more than a standard T1.
Incorporated Professionals
Doctors, dentists, lawyers, engineers. Profit extraction, retirement, IPP, RRSP.
An incorporated professional drawing $250K a year can, with the right extraction strategy and a properly structured IPP, save between $18K and $40K in tax annually. Without a plan, the same income funds Revenu Québec more than your retirement. The difference plays out between January and December. not in April.
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A salary/dividend mix set at the start of the year, fine-tuned in November, not March
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An activated IPP that gives you more deductible contribution room than an RRSP
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Passive investments held in the right entity (usually not the opco)
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A real retirement projection, not a back-of-napkin estimate
Frequently asked
Is an IPP really better than an RRSP for me?
For most incorporated professionals over 40 with a stable T4 salary of $150K+, yes. An IPP allows deductible contributions higher than the RRSP cap, and the corp pays. Setup costs around $2K–$3K. usually paid back in the first year.
If I invest inside my corp, do I lose the small business deduction?
Passive income above $50K/year starts to erode your small business deduction (SBD). Above $150K of passive income, you lose it entirely. There are structures to neutralize the impact. that's exactly the kind of math we run before it's too late.
I'm buying a practice this year. What do I need to know?
Three things: the purchase structure (asset vs share deal), the financing (deductible interest or not), and the tax timing of the transition year. A bad call on any of the three can cost you $50K to $100K that you won't recover.
Ready to talk strategy?
An initial conversation, no fee, no commitment. We look at your situation and identify the concrete levers.