If you are a shareholder of a private corporation, a loan from your corporation can be an easy way to access cash for your personal needs, at least in the short term.
The Corporate Pipeline strategy, in summary, requires the creation of a new corporation at death to allow your heirs to extract your professional corporation’s assets on a tax-free basis.
Determining your optimal salary/dividend mix should be reviewed at least annually considering the following.
In the day-to-day of practising your profession and helping your patients, the business discussions of how you structure and operation your practice can sometimes take a back-seat.