Incorporation allows you to deduct many expenses as long as they are incurred for earning business income. The following is a list of deductions commonly claimed by medical professionals:
Conference fees, including travel fees;
Entertainment costs : deductible at 50% (meals, business outings);
Furniture for the business;
Home office costs;
Telephone, internet, pager, fax bills;
Subscriptions to professional or academic journals in your field;
Cost of an office computer or laptop.