Articles

Self-employed physicians, medical professionals, pharmacy owners, clinics, etc., can claim an array of expenses compared to “employed” professionals. This article discusses various expenses that medical professionals can claim in their tax returns.

The lifetime capital gain exemption limit permits owners of ‘qualified’ Canadian corporations to sell their shares and qualify for an exemption of up to $971,190 on the capital gain. To be eligible for this exemption, certain conditions need to be fulfilled. In cases where these conditions are not met, there exist ‘purification’ techniques that could potentially render you eligible to claim the exemption.