Читать книгу Kickstart Your Corporation - Andrew Feindel - Страница 23

While many professionals do not receive the small business deduction (SBD) as they are associated with a partnership (i.e., most incorporated lawyers with a large firm), most of the benefits from incorporating still apply. (Note that the 2016 federal budget introduced a number of changes to corporate taxation when income is earned in a partnership or revenue is received from another company.)

Often I see physicians who are working in partnerships where they share the SBD have solutions put forward to fix this problem, but require a majority of their colleagues to be on board. In most cases it does make sense to enter into a cost-sharing arrangement or the advisable solution put forward by the legal team.

At first it seems costly with no SBD, as your corporate taxes go up from 12.2% to 26.5% (in Ontario; this varies per province). However, you do receive an enhanced credit on your dividends that can range from 8% to 12% less in personal taxes, making up for much of that loss in having no SBD.