Calgary Professional Corporations

CALGARY PROFESSIONAL CORPORATIONS

Professionals seeking to optimize their professional business operations through corporate structuring and the potential tax benefits that it can provide, need to look at the advantages available through the incorporation of one's professional practice as a Professional Corporation. A professional corporation is a legal construct, much in the way of other commercial companies, though having specific restrictions and obligations as a result of being regulated by the governing professional body, and in turn the provincial statute that has been enacted to permit the profession to structure its business operations into a professional corporation.

So what are some of the potential benefits attainable by incorporating a professional practice as a professional corporation. Potential benefits include: reduced corporate tax rates, ability to claim small business deduction, preferred capital gains tax treatment on the disposition of corporate shares including use of life time capital gains exemption, allowing family members to hold non-voting shares so as to facilitate income splitting, and tax deferral opportunities.

At Neufeld Legal P.C., we have the experience and insight to assist you in structuring your professional practice as a Professional Corporation, whether you are a doctor / physician, dentist, optometrist, veterinarian, chiropractor, physical therapist, architect, engineer, accountant or lawyer. For information as to our standard rates for incorporating professional corporations (including a break-down of applicable charges) or questions related to the incorporation process, contact the law firm of Neufeld Legal P.C. by telephone at 403-400-4092 or via email at Chris@NeufeldLegal.com.