Starting a Business

Business Pathways is your partner as you start your practice, helping you navigate what you need to run your business smoothly. In this section, you will find useful information on a range of resources and services to support you.

Write a business plan

The ScotiaAdvice+ Business Plan Writer is an interactive planning tool that can help guide you through the business plan writing process. 

Learn how to incorporate your business

The College of Physicians and Surgeons of BC has information about how to set up a medical corporation.

For incorporated doctors:

The Medicus Pension Plan™, a multi-employer pension plan designed exclusively for incorporated physicians by MD Financial and Scotiabank, is now open for registration to incorporated physicians in British Columbia.

Incorporated physicians can register here for an opportunity to enrol in the plan this year or to be first on the registration list for 2024. A limited number of registration spots are available in 2023, with more coming in 2024.

If you are not an incorporated physician and want to learn more about incorporation, you can talk to an MD Advisor by calling the MD Service Centre at 1-800-267-2332.

Read more or register on the website. 

Get started with the CRA

  • Top Four Things to Get you Started with the CRA

top four things cra

  • Consulting a qualified professional is an important step when starting a new business and navigating the Canada Revenue Agency (CRA). Doctors of BC members can access exclusive rates from accounting services with MNP LLP through Club MD (login required).  
  • Interactions with the CRA will vary depending on the structure of your business.
  • Checklist for small businesses: This checklist can be used for specialists and family physicians.
  • Find a qualified bookkeeping/accounting professional using the Canadian Bookkeepers Association’s member directory or by contacting MNP LLP.
  • Keep an eye on Business Pathways' Virtual Events page for opportunities to learn from industry experts on topics like taxes, audits & billing, and more.

Check out these webinars specifically for doctors about personal and professional accounting

Access MD Financial Management’s library of webinars with topics ranging from incorporation to filing taxes to saving for retirement. 

Take a free seminar from the Canadian Medical Association

The CMA Practice Management Curriculum (PMC) offers free seminars to help family doctor and specialist residents prepare for transition to practice.

Discuss financial solutions for your business with an expert

Get physician-centric financial advice and tailored banking solutions to meet your personal and business needs for your medical practice from Scotiabank Healthcare+.

Get deals on legal and financial services

The Club MD program provides you with exclusive discounts to a variety of products and services, and in partnership with Business Pathways, a discount on legal and financial services. 

MD Financial Management and Scotiabank Healthcare+*
MD and Scotiabank are focused on improving the lives of their physician clients and their families — helping them to achieve their financial goals at every life and career stage — from the first day of medical school to practicing in their field and throughout retirement so they can enjoy their families and what matters most. Together, MD’s unparalleled understanding of physicians’ unique financial needs and Scotiabank’s deep banking expertise allow them to provide you with a robust suite of comprehensive financial services tailored to your needs throughout your entire career. 

MNP keeps a pulse on the industry and shares their findings with you, including opportunities for tax savings, regulatory changes and other factors that may impact the health of your practice. In addition to traditional accounting and assurance services, MNP’s dedicated medical service professionals enhance the health of your practice by providing a full range of business advisory services, including: tax planning, management advice, human resources management, valuations, succession and retirement planning, wealth management and financial planning. 

*Doctors of BC login required.