Resources & Articles

Healthcare & Other Professionals


Key considerations for closing the Canadian infrastructure gapNovember 30th, 2021

(authored by RSM CANADA) Closing the infrastructure gap in Canada will require a focus on projects and programs that are holistic, innovative and future looking
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Use of a Professional Corporation on RetirementOctober 27th, 2021

For professionals, the use of a Professional Corporation (PC) can provide key benefits in terms of income splitting and income tax deferral.  However, professionals often...
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GST/HST Implications on Associate AgreementsSeptember 23rd, 2021

Associates are a key part of the healthcare industry as a large majority of practitioners either are one or have hired one throughout their careers. ...
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Meet the Professionals Industry Advisory TeamSeptember 22nd, 2021

Meet the Professionals Industry Advisory team. They can address on-demand, any financial questions or hurdles your professional practice may encounter. Being a professional practice ourselves,...
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We Offer Customized Solutions to Healthcare Professional Corporations of all SizesJune 24th, 2021

As a healthcare practitioner we understand that you have spent many hours training for your designation and you take great pride in putting it into...
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STARTING A BUSINESS AND NOT GETTING PAID: Can I collect EI?May 18th, 2021

In a January 10, 2020 Federal Court of Appeal case, the Court conducted a judicial review of the denial of the taxpayer’s EI benefits. While...
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5 Areas Professional Services Firms Should Consider to Help Digital AgilityApril 13th, 2021

As we prepare for a post-pandemic environment, professional services firms need to address their digital strategy. In the ever-evolving world of technology, firms need to...
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Meet the Healthcare Professionals Industry Advisory TeamMarch 31st, 2021

Meet our team of Healthcare Professionals Industry Advisors. They can provide customized solutions to healthcare professional corporations of all sizes.
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GST/HST with Early Payment Discounts and Late Payment PenaltiesMarch 22nd, 2021

As an incentive to improve cash flow, many companies offer early payment discounts to their customers, such as 2/10 net 30 terms (i.e. two percent...
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Can U.S. Professionals Benefit from a Professional Corporation?February 18th, 2021

The incorporation of a professional corporation has many Canadian tax advantages and, as such, is a structure that we often recommend.  However, if you are...
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