Industries›Doctors & Dentists

Accounting for doctors, dentists, and medical professionals.

Tax planning, corporate structuring, and full accounting services for medical professionals and their practices.

Sound Familiar?

Common challenges we see with medical professionals

You're earning well but paying a significant amount in tax and aren't sure if your structure is optimized

You're working as an associate and not sure how to report your income or whether your current setup is the most tax-efficient option

You've incorporated but nobody has explained the best way to pay yourself, salary, dividends, or a combination

You're thinking about buying into or selling a practice and don't know the tax implications

You have retained earnings in your professional corporation and no strategy for how to access them tax-efficiently

Your practice management software tracks patient billing but it's not being reconciled into your accounting system regularly, so you don't have a clear financial picture until year-end

What We Do for Doctors & Dentists

Professional Corporation Setup

Incorporation of your professional corporation, including articles, bylaws, resolutions, and minute book.

Tax Planning, Salary vs. Dividends

Determining the optimal mix of salary and dividends based on your personal situation, family, and long-term goals.

Associateship & Independent Contractor Income

Proper reporting of associate income, whether you're earning through your own professional corporation or being paid as an associate under another practice.

Corporate Tax Filing

T2 returns for your professional corporation, including shareholder loan tracking and intercompany transactions.

Personal Tax Filing

T1 returns that account for your employment income, associate earnings, investment income, and all applicable deductions.

Compiled Financial Statements

Financial statements prepared for your lender, bank, or partnership agreements.

End-to-End Accounting

Full-cycle bookkeeping, financial reporting, and year-end preparation for your practice or professional corporation.

Practice Purchase & Sale Advisory

Financial analysis and tax planning when buying into, selling, or transitioning a practice.

Business Financing

Preparation of financial documentation and lender coordination for practice acquisitions, expansions, or equipment financing.

Retirement & Succession Planning

Strategies to access retained earnings, fund retirement, and plan the transition of your practice.

How It Works

Getting started

Book a consultation

Tell us about your practice and how we can support you.

We review and quote

We assess your situation and provide a clear scope and price.

We handle the work

We execute and deliver.

FAQs

Common questions from medical professionals

Most doctors and dentists incorporate, but not all professional corporations are structured to maximize tax efficiency. We review your share structure, how you're paying yourself, and whether your setup is aligned with your current income and family situation.

The right mix of salary and dividends depends on your personal tax situation, RRSP contribution room, CPP considerations, and family structure. We model different scenarios and recommend the approach that results in the lowest overall tax for you and your family.

Most associates benefit from incorporating once their income is established. The tax deferral from a professional corporation is significant at higher income levels. We review your situation and advise on the right timing.

Yes. We review the financial position of the practice, assess the tax implications of the purchase, help structure the transaction, and prepare the financial documentation your lender will need.

There are several strategies depending on your goals, paying down debt, investing inside the corporation, distributing to shareholders, or planning for retirement. We review your situation and recommend the most tax-efficient approach.

Other Industries

We take care of the accounting so you can focus on what you do best.

Book a consultation to discuss your situation and how we can support you.

Book a Consultation