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Greetings,
I have done a few searches, and I am pretty sure this topic has not been covered previously on these forums.
I am a family medicine resident under MOTP, preparing to graduate in June, and then start my first posting (location still TBD). Today, I was at a "medical practice management" conference, much of which does not really apply to people in a salaried work environment. However, one of the major themes was "the tax advantages of being incorporated." Apparently, in some salaried work environments (e.g. at academic centres), physicians can request for their pay to be deposited directly into their corporate account instead of a personal banking account. My question is, does anybody know whether DND / CF allows this?
I imagine this question can best be answered by any MO's who may have tried this. Alternatively, non-medical personnel who are involved in finance / admin / payroll might also be able to shed light on this topic.
I apologize in advance if this is an inappropriate location for such a post, and I trust that the moderators will re-locate it and/or delete it as required.
Thanks for your consideration.
I have done a few searches, and I am pretty sure this topic has not been covered previously on these forums.
I am a family medicine resident under MOTP, preparing to graduate in June, and then start my first posting (location still TBD). Today, I was at a "medical practice management" conference, much of which does not really apply to people in a salaried work environment. However, one of the major themes was "the tax advantages of being incorporated." Apparently, in some salaried work environments (e.g. at academic centres), physicians can request for their pay to be deposited directly into their corporate account instead of a personal banking account. My question is, does anybody know whether DND / CF allows this?
I imagine this question can best be answered by any MO's who may have tried this. Alternatively, non-medical personnel who are involved in finance / admin / payroll might also be able to shed light on this topic.
I apologize in advance if this is an inappropriate location for such a post, and I trust that the moderators will re-locate it and/or delete it as required.
Thanks for your consideration.