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At Tax Filings Canada, we help Canadian Healthcare professionals streamline finances, reduce stress, and grow with confidence.
Tax and accounting for healthcare in Canada: Tax Filings Canada files T2 returns for medical professional corporations, handles the GST/HST exempt-supply problem, and runs clinic payroll, at a fixed fee.
Send your documents securely through our portal or by email.
We prepare your healthcare return and every supporting schedule.
You review each figure and approve before anything is filed.
We file with the CRA, and you pay only after it is complete.
| Factor | Tax Filings Canada | Typical Firm |
|---|---|---|
| Pricing model | Fixed, flat fee | Hourly / unpredictable |
| Payment | Pay after service | Upfront retainer |
| Price match | Yes, on written quotes | Rarely |
| CRA audit support | Included | Billed extra |
| Typical turnaround | 3-5 business days | 2-4 weeks |
Healthcare is the one sector where GST/HST works against you. Most physician and practitioner services are exempt supplies, which means no tax is charged, and, critically, no input tax credits can be recovered on the rent, equipment and supplies used to deliver them. Clinics with mixed billing, such as cosmetic procedures or third-party reports that are taxable, must apportion input tax credits between exempt and taxable activity. Getting that allocation right is worth more to a clinic than any deduction on the T2.
We are a dedicated accounting firm with years of experience navigating complex CRA rules. Our Accounting Firm tax accountants protect your business and optimize overall tax efficiency.
Specific deductions, cost allocations, and asset depreciation structures optimized for your niche.
No surprise bills. Know exactly what you'll pay with our standard, upfront monthly/annual fees.
We back all prepared files. If CRA raises questions, we represent your interest directly.
Completely remote cloud-based bookkeeping and filing. Submit documents, review draft, pay when done.
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Risk-Free, Hassle-Free, and Client-First!
Schedule a Free ConsultationTax Filings Canada has been recognized by national and international news platforms for our trusted, fixed-fee tax filing and virtual CPA bookkeeping services. Read what the major publications have to say about our innovative financial solutions.
"Tax Filings Canada makes professional accounting accessible for small businesses with fixed-fee models."
"Disrupting the Canadian tax industry with transparent pricing and virtual CPA bookkeeping access."
"A trusted financial partner helping startups navigate complex CRA tax compliance and T2 corporate filings."
We provide a comprehensive accounting ecosystem so you can focus on operational execution.
Tailored compliance, tracking, and tax solutions for Healthcare businesses.
Tailored compliance, tracking, and tax solutions for Healthcare businesses.
Tailored compliance, tracking, and tax solutions for Healthcare businesses.
Tailored compliance, tracking, and tax solutions for Healthcare businesses.
Tailored compliance, tracking, and tax solutions for Healthcare businesses.
Tailored compliance, tracking, and tax solutions for Healthcare businesses.
Tailored compliance, tracking, and tax solutions for Healthcare businesses.
Providing compliant corporate tax filings, bookkeeping, and advisory across specialized operational areas.
Transparent, fixed-fee Healthcare pricing with zero hidden fees. Pay only after your Healthcare work is completed and filed.
T2 returns for Medical Professional Corporations (MPCs), mixed-billing exemptions, and CRA professional audits defense.
T5013 returns for healthcare partnerships, clinic cost sharing, associate payout structures, and partner K-1 allocations.
T3010 filings for medical foundations, clinic trust accounts, NPO hospital setups, and financial compliance audits.
T3 trust returns, corporate tax-free dividend flow, physician succession planning, and family trust allocations.
Monthly ledger reconciliations, Jane App / Oscar EMR billing integrations, associate fee splits tracking, and clinic overhead cost tracking.
Corporate compilation engagement report for clinic finance loans, professional balance sheet compilations, and trial balance updates.
T1 filings for physicians and associates. Inclusions: medical professional expenses, travel logs, and professional corporation flowthrough.
Audit of tax-exempt clinical services vs retail medical sales, Input Tax Credit (ITC) optimization, and Netfile submissions.
See how our expert Healthcare tax and accounting services have helped Canadian businesses save money and stay compliant.
The CRA had assessed a medical imaging clinic in Regina, Saskatchewan on estimates across 3 unfiled years. Real filings vacated $25,500 of that tax.
A $62,000 reassessment landed at a veterinary hospital in Hamilton, Ontario, resting on seasonal revenue reported without matching the costs that produced it. The objection was allowed in full.
25 months of records at a two-dentist practice in Toronto, Ontario had never been reconciled, leaving a previous accountant with no experience of this sector. Rebuilding recovered $5,600.
A second opinion for a chiropractic clinic in Victoria, British Columbia found sector deductions claimed on a general-business basis rather than the healthcare rules in prior filings and recovered $71,000 a year.
A physiotherapy group in Saskatoon, Saskatchewan was under review over a chart of accounts that told the owner nothing about healthcare margin. The file closed in 7 weeks with $128,000 of proposed tax cleared.
A home-care nursing agency in Mississauga, Ontario was preparing to sell, but retained cash well above what the business needed to operate disqualified the shares. Purification sheltered $410,000 under the exemption.
Our Partners Are Alumni of the World's Top Medical & Corporate Tax Institutions
CA (ICAI), Certified Tax Accountant, In-Depth Tax Trained
Canada Tax, International Tax, Cross Border Tax, Transfer Pricing
International Tax, Transfer Pricing Specialist
CPA Canada, CPA USA, CA (ICAI), Canada Tax Expert
Accounting Firm, CA. Fractional CFO and Senior Advisory Specialist
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Progress billing systems, subcontractor compliance, and job costing models to keep builders, general contractors, and trades compliant and profitable.
Multi-channel sales tax tracking, inventory accounting integration, and financial analytics for Shopify, Amazon FBA, and WooCommerce businesses.
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POS integrations, tip tracking, food cost of goods sold (COGS) analytics, and weekly payroll processing built for Canada's food and beverage sector.
Cost accounting, raw materials inventory valuation, supply chain overhead tracking, and driver payroll setups for manufacturers and distributors.
CRA T3010 charity returns, T1044 NPO filing, grant-tracking accounting, and transparent donor financial reporting to maintain status.
High-growth financial management, SR&ED tax credits tracking, Virtual CFO advisory, and venture capital compliance for tech companies across Canada.
Use our office finder below to select your nearest healthcare tax filing expert.
Direct answers to what Canadian business owners actually ask before hiring an accountant.
The recurring ones are capital cost allowance on equipment placed in service late in the year, the business-use portion of vehicle and home-office costs, and professional development. Each is defensible when documented at the time and difficult to defend when reconstructed later.
Corporate tax filing starts at $90 and bookkeeping at $10 per month, quoted as a fixed fee before work begins. Sector complexity does not trigger a surcharge. Review the full price list.
Registration is mandatory once taxable revenue exceeds $30,000 over four consecutive quarters. Registering voluntarily below that threshold is often worthwhile, because it lets you recover input tax credits on startup and equipment purchases.
Incorporation usually pays off once profit consistently exceeds what you draw personally, because retained earnings are taxed at the small business rate rather than your marginal rate. Below that point the added compliance cost often outweighs the benefit. We model both before you decide.
The CRA requires six years of books and records from the end of the tax year they relate to: invoices, receipts, bank statements, payroll records and contracts. Digital copies are acceptable provided they are legible and complete.
We run the cycle, remit source deductions on schedule, and issue T4s ahead of the February deadline. Late remittances draw a penalty of up to 10% and repeat lateness raises it to 20%, so timing is the whole game. See our payroll service.
Yes. We work in QuickBooks, Xero, Wave, Sage, spreadsheets, and plain scanned documents. You are not required to migrate systems to become a client, and we never charge a conversion fee.
Multi-province operations allocate taxable income by permanent establishment and payroll, and sales tax rules differ by jurisdiction. We handle the allocation schedules and the differing GST, HST, PST and QST obligations in one engagement.
Registration becomes mandatory once taxable supplies pass $30,000 over four consecutive calendar quarters, and the obligation starts almost immediately rather than at the next year-end. Registering voluntarily below that threshold is often worthwhile when you are buying equipment, because it makes the tax on those purchases recoverable.
Six years from the end of the tax year the records relate to. That covers invoices, receipts, bank statements, payroll records and the working papers behind the return. Records supporting the purchase of a capital asset must be kept six years past the year the asset is finally sold.
The late-filing penalty is 5% of the balance owing plus 1% for each full month the return is late, to a maximum of twelve months. A second late filing within three years doubles those figures. Interest compounds daily from the balance-due date regardless of when the return is filed.
Yes, in proportion to business use, and the logbook is what supports it. The CRA accepts a full-year log, or a three-month sample backed by a complete prior-year log. Travel between home and a regular place of work is personal; travel between work locations is business.
Incorporation usually pays once profit consistently exceeds what the owner draws personally, because the retained amount is taxed at small business rates rather than personal rates. Where the entire profit is withdrawn each year, incorporation often costs more in filing and compliance than it saves.
Ratios that sit outside sector norms, repeated losses, large or round-numbered expense claims, and mismatches between filed slips and reported income. Most reviews are resolved on documentation alone, which is why contemporaneous records matter more than the size of any single claim.
The CRA looks at control, ownership of tools, chance of profit and risk of loss rather than what the contract is titled. Where a worker is reclassified as an employee, the unremitted CPP, EI and withholding land on the payer, together with penalties and interest.
Individuals pay quarterly instalments once net tax owing passes $3,000 in the current year and either of the two preceding years. Corporations generally pay monthly, with many small CCPCs eligible for quarterly instalments instead. Basing them on a current-year estimate avoids overpaying after a strong year.
For unincorporated practitioners, the deadline to file is June 15, but any taxes owed must be paid by April 30. For incorporated medical professional corporations (MPCs), the T2 return must be filed within 6 months of your clinic's fiscal year-end.
You can claim professional licensing fees, malpractice insurance, clinic overhead expenses, medical supplies and equipment (depreciated via Capital Cost Allowance), home office space, and vehicle expenses for travel between clinics.
Healthcare workers are subject to federal and provincial brackets. If incorporated, you can defer taxes by retaining earnings in the corporation and choosing between salary or dividend payouts.
It means we prepare all returns, compilations, and GST filings first. You review and sign off on the deliverables before making any payment. We EFILE to the CRA only after payment is cleared.
We help doctors, nurses, and researchers working abroad determine their residency status, file tax treaty disclosures, and declare foreign income accurately.
Healthcare taxes involve complex rules around GST/HST exemptions for medical services, overhead sharing agreements, and professional corporation regulations. Certified tax Accounting Firms help protect you from audits and minimize liabilities.
