Understanding Capital Gains Surplus Stripping for 2023: Key Incentives for Ontario Doctors

2023-08-31T14:36:00-04:00

For years, many professionals, including doctors, lawyers, and small to mid-sized business owners, have been taking advantage of a tax-efficient way of withdrawing cash from their corporations called capital gains surplus stripping (CGSS). In 2023, this is still a prevalent strategy, especially when there are excess retained earnings (typically in excess of $250,000). Instead [...]