Is chiropractic GST exempt and what it means for your practice
Is chiropractic GST exempt and what it means for your practice Key takeaways Chiropractic services provided to a patient are exempt from GST and HST under the health-care rules. Because the services are exempt, you generally cannot claim input tax credits to recover...
How much tax does incorporating save a veterinarian
How much tax does incorporating save a veterinarian Key takeaways A veterinary corporation pays about 11 percent on the first $500,000 of active income, compared to a top personal rate above 50 percent. Income above $500,000 in a corporation is taxed at about 27...
Who can own a pharmacy in BC
Who can own a pharmacy in BC Key takeaways More than 50 percent of the owning corporation’s directors must be pharmacists registered in BC. This is a director rule, not a share-ownership rule. The directors control the governance, regardless of who holds the...
How much tax does incorporating save a doctor
How much tax does incorporating save a doctor Key takeaways A medical corporation pays about 11 percent on the first $500,000 of active income, compared to a top personal rate above 50 percent. The saving is roughly 39 points of tax on income left in the corporation...