Healthcare & Physician Practices

Overview

A medical or dental practice earns like a business and is taxed like a gauntlet. Professional corporation rules that vary by province and by college, remuneration balanced between salary and dividends, income sprinkling rules that changed what family members can be paid, retirement savings that are often the largest deduction available, and equipment purchases that deserve a capital cost allowance strategy rather than an afterthought.

We work with practice owners and the physicians behind them, covering corporate returns, personal returns, and quarterly planning. For internationally trained physicians there is a cross-border layer too: foreign assets reported, relocations planned, and both countries' obligations kept straight.

What we do for you

Practice & Owner Returns

Corporate and personal returns prepared together, whether you operate through a professional corporation or in your own name, so nothing falls between them.

Remuneration & Split Income Planning

Salary and dividend strategy worked against the tax on split income rules, so family compensation holds up if CRA looks at it.

Retirement & Corporate Savings

Individual pension plans, RRSP room, and corporate investment planning coordinated, frequently the practice's largest single lever.

Practice Accounting

Bookkeeping and monthly reporting on QuickBooks Online, with billings, overhead, and provider-level performance visible.

Equipment & Capital Cost Allowance

CCA class selection and immediate expensing planning for equipment and build-outs, timed to the tax year rather than the invoice.

Internationally Trained Physicians

Cross-border reporting including T1135, and pre-arrival planning for providers relocating to Canada.

Care for the practice behind the care.