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Selling a pharmacy: the capital gains exemption

by Ghuman & Associates | Jul 25, 2026 | Canadian Tax, Uncategorized

Selling a pharmacy: the capital gains exemption Key takeaways The Lifetime Capital Gains Exemption for 2026 is $1,275,000 on qualifying share sales only. On an asset sale, drug inventory is valued and expensed as it is sold, equipment is taxed as recapture, and...

Can your spouse be a shareholder in your medical corporation

by Ghuman & Associates | Jul 24, 2026 | Canadian Tax, Uncategorized

Can your spouse be a shareholder in your medical corporation Key takeaways Voting shares of a BC medical corporation must be owned by eligible physicians only. Non-voting shares may be held by family members, including a spouse. Alberta allows spouses, common-law...

Splitting income with family as a dentist: the TOSI rules

by Ghuman & Associates | Jul 23, 2026 | Canadian Tax, Uncategorized

Splitting income with family as a dentist: the TOSI rules Key takeaways The excluded-shares exception to TOSI is not available to a dental professional corporation. Dividends paid to family who do not work in the practice are taxed at the top marginal rate, about 54...

Selling your veterinary practice: using the lifetime capital gains exemption

by Ghuman & Associates | Jul 22, 2026 | Canadian Tax, Uncategorized

Selling your veterinary practice: using the lifetime capital gains exemption Key takeaways The Lifetime Capital Gains Exemption for 2026 is $1,275,000 on a qualifying share sale only. An asset sale does not qualify for the exemption. Goodwill and equipment are taxed...

Incorporating a chiropractic practice in BC

by Ghuman & Associates | Jul 21, 2026 | Canadian Tax, Uncategorized

Incorporating a chiropractic practice in BC Key takeaways BC chiropractors are now regulated by the College of Complementary Health Professionals of BC (CCHPBC), not the former College of Chiropractors of BC. A corporation must hold a Health Profession Corporation...
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Recent Posts

  • Selling a pharmacy: the capital gains exemption
  • Can your spouse be a shareholder in your medical corporation
  • Splitting income with family as a dentist: the TOSI rules
  • Selling your veterinary practice: using the lifetime capital gains exemption
  • Incorporating a chiropractic practice in BC

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