Can your spouse be a shareholder in your medical corporation
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
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
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...