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...
Incorporating a chiropractic practice in BC
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...
Income splitting: a pharmacy vs a medical practice
Income splitting: a pharmacy vs a medical practice Key takeaways A pharmacy is generally not a professional corporation for TOSI purposes the way a medical or dental practice is. That means the excluded-shares exception may be available for a pharmacy if less than 90...