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      <image:title>Blog - Should Physicians Incorporate? - Make it stand out</image:title>
      <image:caption>Assumptions: Both individuals earn $300K annually and spend $120K annually (Ontario resident). All surplus cash is invested in low-cost, globally diversified index funds with an assumed 6% nominal annual return, compounded annually. Corporate tax rate: 12.2–12.5% (Ontario small business rate, rounded to 12.5%). Personal average tax rate: ≈43% on $300K salary income. CPP/EI contributions, RRSP/TFSA/FHSA strategies, investment fees, and passive corporate income rules are excluded for simplicity.</image:caption>
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