The majority of family doctors/ GPs in Ontario are self-employed, and are responsible for all their own tax assessments and payment contributions. Due to the vast tax incentives, several doctors choose to be incorporated and have their own company they work within. They will have a separate business bank account, company credit card and pay tax through their Canadian Revenue Agency Business Account.

All things finance can feel daunting to deal with as most medics aren’t qualified accountants or tax specialists(!) and trying to understand UK tax is hard enough, only to be thrown into the Canadian system too without much guidance. OTB can provide you trusted contacts including lawyers to set up your corporation correctly, and accountants who specialise in medical/ physician corporations and accounts.