For Incorporated Physicians Across Canada

Your Retained Earnings Are Being Taxed at 50%. There’s a Structure to Fix That.

See how incorporated physicians are sheltering corporate earnings from passive income tax — and building wealth their family receives tax-free. 4 minutes.

See If You Qualify — Free 15-Min Strategy CallSee If You Qualify

Dundas Wealth is a licensed, independent Canadian brokerage (FSRA #37628M) — not a bank, not MD Financial.

The Problem

The Retained Earnings Trap for Incorporated Physicians

Passive Income Tax Trap

Retained earnings invested inside your professional corporation get taxed at over 50%. Your small business deduction grinds down too. The more you earn, the worse it gets.

The Extraction Problem

Pull it out as salary or dividends? CRA takes 35–53% before you can invest a single dollar personally. You worked 60-hour weeks for that money — and half disappears on the way out.

The One-Insurer Problem

If your advisor is at a bank or MD Financial, they represent one company. One product shelf. One set of options. You may be in the right structure — or you may be in the only one they could offer you.

The Strategy

How the Structure Works

Fund the Policy

Your professional corporation funds a corporate-owned life insurance policy. It’s a business asset on your balance sheet — not a personal expense.

Grow Tax-Sheltered

The cash value grows on a tax-sheltered basis. Exempt from passive income rules — no tax drag, no small business deduction grind.

Transfer Tax-Free

On death, the proceeds flow to your family through the Capital Dividend Account — tax-free. Your retained earnings become a tax-free estate transfer instead of a CRA liability.

Your money stops eroding to passive income tax and starts building wealth your family actually keeps.

See If You Qualify — Free 15-Min Strategy CallSee If You Qualify

Compare Options

How Does This Compare to What You’re Doing Now?

Strategy	Tax Impact	Wealth Growth	Estate Transfer
Leave cash in corp savings	Minimal growth, inflation drag	Low	Taxed at death
Invest inside corp	50%+ passive income tax	Reduced by tax drag	Taxed at death
Pay out as salary/dividend	35–53% personal tax	Depends on personal investing	Already taxed
COLI (corporate-owned)	Tax-sheltered growth	Compounds without drag	Tax-free via CDA

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Most physicians have an advisor. Few have one who shops the entire Canadian carrier market independently. That’s the difference between a product placement and a strategy.

Results

Physicians We’ve Worked With

Case Study: Incorporated Physician, Ontario

A specialist with $800K+ in retained earnings was investing inside the corp. Passive income was grinding down the small business deduction — costing tens of thousands per year. We restructured into a corporate-owned insurance strategy. Result: retained the deduction, wealth growing tax-sheltered, and the estate transfer is now tax-free through the CDA.

$5B+

Coverage Quoted

1,000+

Families & Business Owners Served

ON, AB, BC

Serving Physicians Across Canada

Is This Right for You?

See If You Qualify

This is for you if:

You’re an incorporated physician, specialist, or surgeon
You have $200K+ in retained earnings inside your professional corporation
You’re in Ontario, Alberta, or British Columbia
You’re tired of watching passive income tax erode your corporate investments
You’re open to a 15-minute call to see the math

This isn’t for you if:

You’re not incorporated
You have less than $200K in retained earnings
You’re looking for a short-term cash strategy — this is a wealth-building structure

Greg Rozdeba

Co-Founder, Dundas Wealth

I’m Greg Rozdeba, co-founder of Dundas Wealth. We’re an independent, FSRA-licensed brokerage that works with incorporated physicians and business owners across Ontario, Alberta, and BC. The retained earnings problem is the number one conversation we have with doctors.

Your accountant handles compliance — we handle the tax strategy that sits on top of it. Book a call and I’ll show you exactly how much you could be sheltering.

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Common Questions

Frequently Asked Questions

Yes. Corporate-owned life insurance has been in the Income Tax Act for decades. It’s used by thousands of Canadian professionals and endorsed by accountants and estate lawyers. Your accountant can verify the structure.

Most accountants are excellent at compliance and tax filing. Tax-sheltered wealth strategies fall outside their day-to-day. We work alongside your accountant — not instead of them. Many of our physician clients bring their CPA to the second call.

You may not need to switch anything. But MD Financial and bank advisors represent one insurer. We’re independent — we shop every major Canadian carrier to find the structure that fits your situation best. That’s a different conversation. If your current setup is already optimal, we’ll tell you.

We typically work with physicians who have $200,000 or more in their professional corporation. The math gets more compelling the higher the amount. If you’re close but not sure, the 15-minute call will clarify whether it makes sense.

We’ll review your corp structure and tell you exactly how much you could be sheltering from passive income tax. No obligation. No seminar. If it doesn’t make sense for your situation, we’ll tell you straight.

Yes. The best results come when your accountant and our team work together. We collaborate with your CPA — we don’t replace them. This sits alongside your existing plan, not instead of it.