When starting your own new business, it often makes sense to choose a simpler structure, which is a sole proprietorship. This allows you to test the viability of your business idea and see if the lifestyle and associated stress that comes with running a business match your personality and align with your long-term goals. Alternatively, […]
Congratulations—you’ve incorporated your business! Certain things must be done now to keep your company up-to-date and CRA compliant. Remember, you’re no longer your company You’ve heard it before… a corporation is a “separate entity”. But what does this mean? It’s like another person. It has the power to enter into contracts, pay and […]
As long as we earn, there will always be an obligation to pay taxes, regardless of profession. As a medical professional, medical doctor, physician assistant, or nurse either working on a part-time or full-time basis, you will also have to file for an annual tax return on your earnings. While you look after your patients, […]
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