Yes, the same mechanisms are available to all Canadians, and, in particular, higher-income Canadians who are able to save more.
The RRSP, of course, is the number one mechanism. As I mentioned in my opening remarks, if you're prudent and you're a physician.... Let's take the average physician in Alberta, who, according to the CMA's own reckoning, will have a pre-tax income of about $240,000. The maximum you need to make the maximum RRSP contribution is in the order of $155,000 to $160,000, I think—maybe a little bit higher.
Anyway, the incentive is to take as much money out of the corporation as is required to make the maximum RRSP contribution. You put in $32,000 a year. It grows tax free until you retire. If you do it every year, you get a $15,000, roughly, tax refund. It only costs you $17,000 to make that $32,000 investment. Do the simple spreadsheet. Over 35 years, at modest rates of return, 6% to 7%—if you bought the Toronto Stock Exchange index, for simplicity—you cannot help but have that grow to millions of dollars.
In the meantime, you still have money left in your corporation, which is lightly taxed as a small business. In Alberta, it would be 9% to 10%. You can invest that any way you want, some of which will generate capital gains, etc.
This is a tremendous tax advantage for an incorporated professional. I have the same incentive.