Health Professionals and Professional Corporations

We provide advisory services to various incorporated professionals including physicians, dentists, chiropractors, physiotherapists and more. Most professionals in Ontario are now allowed to incorporate. We have assisted professionals in various stages of development to determine the right to time to incorporate, by ensuring the sufficient tax benefits justify the costs to set up and maintain the structure. Going forward, we can assist busy professionals to establish an appropriate accounting system and walk them through the year end process.

Services provided to our clients include:

Assistance with tax aspects of incorporation
Compensation planning, including determination of optimal salary/dividend mix and assessment of options within current dividend splitting provisions
Annual year end compliance, including preparation of financial information and corporate tax returns
Preparation of salary schedules and annual tax slip reporting for salary and dividends
Planning and tax compliance related to investment of surplus funds
Analysis of wind-down and resale scenarios

We service corporate and business clients across various sectors, including having specific expertise with respect to:

Additional Corporate Services

Business Advisory Services

To complement tax and accounting services above, we also offer business advisory services.

Internal Accounting Services

We offer internal accounting services from operational to executive levels.

What Our Customers Have to Say

“It is more than 10 years since my company has entrusted its accounting to Ernst and Company CPA. With the utmost care and integrity, they have led the day-to-day accounting as well as annual and tax reporting of my company. During these years, as our business has evolved, Steve, Sharon and Catherine have enabled us to grow internationally while ensuring that we uphold the highest compliance standards in Canada. We recommend the firm and its team unreservedly.”