91视频

A professional corporation is a legal business structure that allows regulated professionals to offer their services through a corporation rather than as individuals. When services are provided through a professional corporation, the corporation is the service provider from a business and tax perspective. Registrants who provide services through a corporation are still responsible for following the Standards of Practice.

Incorporating your practice isn鈥檛 a requirement and is entirely your decision. This is a business decision that impacts administrative, financial and tax aspects of your professional practice. 91视频 recommends consulting with an accountant or lawyer who specializes in this area to determine if incorporation is right for you.

Please submit your application and supporting documents to [email protected]. Once received, we will post an invoice to your account for payment of your application fee.

A Corporation Profile Report is a document issued by the Ontario Ministry of Public and Business Service Delivery that shows your corporation is registered and active. You must include a current-dated Corporation Profile Report with your initial and annual renewal application.

You must obtain the report directly from the . For step-by-step instructions, please review the Guide to Retrieve a Corporation Profile report.

The application fee for a new Certificate of Authorization is $350. The annual renewal fee is $250.

Processing takes approximately 1 week after 91视频 receives your complete application package. Your certificate鈥檚 effective date will reflect the date we received your complete application package and fee.

The certificate is valid for one year and must be renewed annually on the date of authorization. Registrants will be emailed a renewal package approximately 6 weeks prior to this date.

There are very specific rules for naming a professional corporation under of the RHPA. See the Application Guide for more details.

You may consult with 91视频 before setting up your corporation to ensure that the name is appropriate.

Yes. You must list every practice name your professional corporation uses on the application form.

91视频 doesn鈥檛 review or approve practice names. Registrants are free to choose a name, as long as it meets the requirements of the (section 6).

Only 91视频 registrants of the same profession.

Yes, if all the shareholders, officers and directors of the holding company are 91视频 registrants.

No. Registrants must incorporate under the聽Ontario Business Corporations Act. Professional corporations incorporated outside Ontario, including corporations federally incorporated under the聽Canada Business Corporations Act, cannot obtain a Certificate of Authorization from 91视频.

No. If you want to provide professional services through a corporation, it must be a professional corporation that holds a Certificate of Authorization. This doesn鈥檛 mean that you must have a professional corporation to provide professional services, nor does it prevent you from being employed by non-professional corporations owned by others. In those cases, you are practicing as an individual health professional, separate from the corporation, from a business and tax perspective.

A Professional Corporation can only carry on the profession and activities related to or ancillary to the profession (Ontario Regulation 39/02).

This means that your professional corporation can only provide services in psychology or applied behaviour analysis, as well as activities that directly support those services. The corporation may also invest surplus funds it has earned, as permitted in the Business Corporations Act, section 2(5).

Services provided by autonomous practitioners of other professions (such as the College of Registered Psychotherapists of Ontario or the Ontario College of Social Workers and Social Service Workers) fall outside the scope of a psychology/ABA professional corporation.

While both are types of business structures, the rules that stipulate their ownership and the activities that they can undertake are different.

Professional Corporations
Shareholders, officers are directors of professional corporations must all be registrants of the same profession and regulated by the same college. Further, the only business that a professional corporation is permitted to undertake is the practice of the profession and activities that are related to or ancillary to the practice of the profession. Every professional corporation is also required to obtain a Certificate of Authorization from the College before it is permitted to conduct its business.

Practice Management Corporations
In contrast, the ownership rules of corporations that manage practices differ. Registrants of different health professions, non-health professionals or family members can be shareholders, officers or directors. Registrants/shareholders are not permitted to practice any regulated health profession through a Practice Management Corporation. Practice Management Corporations are not required to register with the College.

To renew your professional corporation, the following items are required:

1. Online Professional Corporations Renewal Form鈥擳o access the renewal form, please log into your and click on your corporation鈥檚 name on the left menu. Before submitting the form, please review every section and make any necessary changes to ensure that the information is accurate as of the day your renewal is submitted.
2. Renewal Fee鈥擳he annual renewal fee is $250 and will be invoiced to your member account after you submit your application and supporting documents to [email protected]. To pay by credit card, please log into your , click on your corporation鈥檚 name on the left menu and click 鈥淧ay Invoice鈥� under your corporation鈥檚 name.
3. Corporation Profile Report
4. Declaration鈥擜 Declaration of a director of the corporation, signed no more than 15 days before your renewal is submitted.
5. Certificate of Incorporation (if applicable)鈥�You must submit a Certificate of Incorporation and Articles of Amendment filed with the Ministry of Government Services only if you made any changes, such as a name change, to the corporation since incorporation or your previous renewal.

Yes. 91视频 must revoke a professional corporation鈥檚 Certificate of Authorization in the following circumstances:

• The corporation no longer meets the eligibility requirements to hold a Certificate of Authorization.
• The corporation stops practicing the profession for which the Certificate of Authorization was issued.
• The corporation fails to meet one or more of the renewal requirements of the Certificate of Authorization.
• The corporation carries on any business activities that are not the practice of the regulated profession or directly related or ancillary to the practice of that profession.

Your professional corporation must meet the eligibility requirements. You must apply for a new Certificate of Authorization by submitting the required documentation and paying the application fee.