Medical & Dental Accounting - Oakville & Ontario
Professional Corporation tax planning and accounting for Ontario doctors, dentists, and allied health professionals.
Doctors and dentists carry a tax burden that rewards good structure - and a Professional Corporation, set up correctly, is central to it. But medical and dental PCs come with their own rules, from regulator share-ownership restrictions to TOSI limits on income splitting.
SHARP & Associates provides Professional Corporation tax planning and accounting for Ontario doctors, dentists, and allied health professionals, balancing tax efficiency with the constraints your College imposes.
Common Challenges We Solve
Compliant structure
Medical and dental PCs must follow College share-ownership rules. We design structures that are tax-efficient and regulator-compliant.
Income splitting under TOSI
The rules on splitting income with family are strict for professionals. We analyze what is actually available to you and plan within the rules.
How SHARP & Associates helps
We incorporate and structure your PC to your College's rules, optimize compensation and equipment financing, and run a careful TOSI analysis before relying on any income splitting - then handle the ongoing corporate tax and reporting.
The professional corporation advantage, used well
Physicians and dentists in Ontario can practise through a professional corporation, and doing so opens up real tax planning - income deferral, compensation structuring, and timing - that a salaried earner never gets. But the advantage only materializes if the corporation is run properly. We help you put the structure to work rather than leaving it as an underused shell.
Schedule a CallMedical and dental practices have their own practice-level reporting needs: associate and locum arrangements, billings that flow through provincial plans and insurers, equipment and leasehold investment, and staff payroll. We work within that reality - not a generic template - so the accounting fits how a practice actually runs and the year-end reflects it accurately.
For practitioners, the corporation exists to support a personal. We coordinate your corporate and personal tax so compensation, dividends, and savings are optimized together, and so the long-term picture - not just this year's filing - is always in view.
For physicians and dentists, the professional corporation is rarely just about the practice - it is the engine that funds a personal and, eventually, retirement. That means the real planning happens across both sides at once: how much to pay out versus retain, how to time income, how to use the corporation's lower tax rate to build savings over time. We coordinate the corporate and personal picture so the structure does what it was meant to do, rather than sitting underused.
Medical and dental finances have their own moving parts - associate and locum arrangements, billings flowing through provincial plans and insurers, significant equipment and leasehold investment, and a clinical team to pay. We work within that reality rather than a generic small-business template, so the accounting reflects how a practice actually operates and the year-end holds together.
Practitioners did not train for years to spend evenings on bookkeeping. A large part of the value we provide is simply taking the financial side off your plate - reliably, accurately, and with planning built in - so your attention can stay where it belongs.
Related Services
Medical & Dental Questions, Answered
If your question is not covered here, we are one call away.
Ask Us AnythingYes. We handle incorporation with a share structure that complies with CPSO, RCDSO, or your relevant governing institute's rules.
Possibly, but TOSI rules are strict for professionals. We analyze your specific situation before relying on any income splitting.
Yes. We work with physicians, dentists, and allied health professionals across Ontario.
Yes. The initial call is free and has no obligation.
Schedule a Call
Call (905) 491-7043 or email info@sharppc.ca to schedule a call. We will review your current situation, explain our approach, and confirm the right next step before any work begins.
Let's Connect
The first call is free and there is no obligation - we will review your situation, explain our approach, and confirm the right next step before any work begins.
