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Scoundreller
on April 15, 2020
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Former CEO of RadioShack now an ER doctor on front...
Unsure what the US situation is, but there are a lot of benefits to earning $120k/year in a business/professional corporation vs. a salary.
At least in Canada anyway.
nmcfarl
on April 15, 2020
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In the US the vast majority of family docs and internists work on salary, so the benefits do not apply.
refurb
on April 16, 2020
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My understanding is the tax code in Canada is pretty unique when it comes to doctors.
Scoundreller
on April 16, 2020
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It’s not quite as great as it used to be, but the provinces do have a history of changing corporation laws in their favour.
And often get their liability insurance paid for too.
refurb
on April 17, 2020
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Yeah, and I’ve heard there is talk about rolling some of that back even further.
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At least in Canada anyway.