Financial Planning for Incorporated Professionals

Most incorporated professionals manage two financial lives - rarely with one person who understands both

Retained earnings sitting in the corporation need a strategy

Cash accumulating inside a professional corporation is an opportunity — but only if it is invested, structured, and eventually extracted in a way that minimizes tax across both the corporate and personal level.

Corporate and personal insurance need to work together

Life, disability, and critical illness insurance can be structured through the corporation in ways that are significantly more efficient — but only when the personal and corporate picture are considered together.

Salary, dividends, and retained earnings require ongoing coordination

The optimal mix between salary and dividends changes as income levels, family circumstances, and tax brackets shift. Getting this right each year requires someone who sees the full picture.

Estate planning across a corporation adds a layer most advisors don't address

Shares, retained earnings, and the eventual transition or wind-down of a professional corporation all carry estate implications that need to be planned for — not discovered after the fact.

A Private Health Services Plan is one of the most overlooked benefits of incorporation

Medical and dental expenses that would otherwise be personal and non-deductible can be run through the corporation as a business expense — a straightforward planning opportunity that most incorporated professionals have never been told about.

This is where we fit in

At Modern Vision Planning, William Chan works with incorporated professionals who need someone who understands both sides of the balance sheet. From investment strategy inside and outside the corporation to insurance and estate planning that coordinates across both — every recommendation is made independently and with the complete picture in mind. For incorporated professionals, that means advice that works across the professional corporation and personal finances without treating them as two separate conversations. If you are still building your advisory team, our guide to finding a financial planner is a useful place to start.

When everything works together, nothing gets left behind

The incorporated professionals we work with came in knowing they had complexity. What they found was someone who understood it completely — and a plan that finally reflected everything they had built.