Taxes and Banking
Canada has a highly structured tax system. Physicians are allowed to establish their own corporations to benefit from the higher income they earn in Canada. Most physicians established the corporation for themselves through an established accountant who can guide them with establishing accounts, pension contributions, tax installments and financial planning services for themselves and families. It is perhaps one of the most important Issues when considering moving to Canada.
Banking in Canada it’s quite simple very stable and well regulated. It is important to establish with one of the five banks in Canada that enable physicians moving from abroad to help them transition and move money between their home jurisdiction and Canada. Some banks do this better than others annoying the right linkages can make for a smooth transition to Canada.
