Resources & Articles

Healthcare & Other Professionals


Tax Planning Using Private Corporations – An UpdateNovember 14th, 2017

On July 18, 2017, the Minister of Finance released a consultation document announcing the government’s intention to limit certain tax planning transactions undertaken by shareholders...
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PROFESSIONALS’ WORK IN PROGRESS EXCLUSION: Changes are ComingOctober 26th, 2017

In the past, taxpayers in certain designated professions (i.e., accountants, dentists, lawyers, medical doctors, veterinarians and chiropractors) may have elected to exclude the value of...
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Open Letter to the Department of FinanceSeptember 28th, 2017

On September 15, 2017, DJB submitted a letter to the Department of Finance Canada in response to the July 18, 2017 release on the proposals to changes...
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Summary of the July 18, 2017 Tax Act Proposals for ProfessionalsAugust 15th, 2017

On July 18, 2017, Finance Minister Bill Morneau announced the release of a consultation paper and draft legislation to amend the Income Tax Act. The purpose...
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GST On-Call FeesJune 21st, 2017

The recently released Excise and GST/HST News – No. 101 provided the Canada Revenue Agency’s interpretation Section 5 of Part II of Schedule V to...
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Can U.S. Professionals Benefit From a Professional Corporation?May 4th, 2017

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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2017 Federal Budget Update for ProfessionalsApril 6th, 2017

On Wednesday, March 22, 2017, the Liberal government tabled their second budget.  Unlike the 2016 federal budget, this budget did not introduce sweeping reforms of...
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Significant Changes to Tax Planning Related to Life Insurance PoliciesJuly 14th, 2016

The planning surrounding life insurance policies held by private corporations is a model that has been in use for the better part of two decades....
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2016 Federal Budget Summary for ProfessionalsApril 21st, 2016

For shareholders of Professional Corporations, the 2016 Federal Budget should have been received with mixed feelings.  There were rumors that Canada may follow Quebec and...
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GST/HST and DentistsFebruary 18th, 2016

Generally speaking, under Section 5 of Part II of Schedule V of the Excise Tax Act (ETA) services provided by a medical practitioner, as defined,...
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