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  #982 (permalink)  
Old 01-01-2020, 07:03 PM
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Originally Posted by Unregistered View Post
Does canada tax authority enforce on this kind of tax arrangement?

Singapore iras has recently busted many gps and anaethesiologists for tax avoidance. Corporate tax rate lower than personal income tax, so a number of Docs incorporate shell companies to avoid tax.

For example you are a locum u incorporate yourself as an company. And credit all locum dollars into this company. Then pay corporate tax rate. Then issue dividend from ur company to yourself which. Dividends are not taxable. So you essentially pay corporate tax rate which is lower than personal tax rate.

Same thing for anaesthesia when they render service they credit the income to their shell company, receive zero salary but takes dividend from the shell company instead
It is called a Professional corporation.

You need to register with the College in order to open a PC.

Yea all above board. It is not a shell company.

Google canada medical professional corporations

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