Accountant for Healthcare Professionals

Q: What services are included in healthcare accounting?

Our services include:Accounting and Bookkeeping ServicesTax planning Tax Preparation & FilingPayroll ServicesCFO ServicesIncorporation Services Gondaliya CPA can customize these services to meet the specific needs of your healthcare practice.

Toronto healthcare providers trust our CPA team for OHIP reporting, tax efficiency, and regulatory compliance.

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AFFORDABLE Healthcare Tax Accountant

Our accounting services for healthcare professionals are tailored to the specific needs of medical practices, clinics, and health service providers. From navigating complex billing structures and HST rules to optimizing tax strategies and ensuring compliance with CRA requirements, we help you focus on what matters most—patient care.

Gondaliya CPA supports physicians, dentists, chiropractors, physiotherapists, pharmacies, and other healthcare businesses with end-to-end accounting, bookkeeping, and corporate tax services.

Official Partner

Accounting That Understands Your Practice

Healthcare accounting is complex—between OHIP billing, changing government rules, associate payments, and strict reporting requirements, managing your books can quickly become overwhelming. Your clinic needs accountants who understand how medical practices actually operate.

We help you stay compliant, organized, and financially confident. From reconciling monthly OHIP statements to handling multi-provider payroll, tracking clinic expenses, and reducing CRA/HST audit risk, our healthcare-focused approach ensures accuracy and peace of mind. With clear reporting and streamlined systems built for medical professionals, you can focus on patient care while we handle the numbers.

OHIP Billing Reconciliation

Ensure every claim is accounted for accurately and nothing falls through the cracks.

Multi-provider Payroll

Simplified payments for associates, physicians, and locums, tailored to healthcare workflows.

Expense Management

Track, categorize, and optimize clinic expenses to improve profitability and transparency.

CRA/HST Audit Risk

Stay compliant and avoid CRA audit headaches with professional guidance.

Compliance for Regulated Healthcare Practices

Healthcare practices must follow strict CPSO, CNO, MOH, and Ministry standards, making accurate reporting and compliant bookkeeping essential. We help clinics stay aligned with regulatory rules, from proper documentation to transparent income tracking. Our team also ensures compliance with CRA requirements, including HST treatment, medical corporation structures, and audit-risk areas. At year-end, we prepare clean T2 returns, T4/T4A slips, and OHIP income summaries so your practice meets every financial obligation with confidence.

College & Ministry Standards

Healthcare professionals must follow the regulations set by bodies like the College of Physicians and Surgeons of Ontario (CPSO), the College of Nurses of Ontario (CNO), and the Ministry of Health (MOH). These organizations establish standards for practice, ensuring patient safety and high-quality care. Staying updated with these rules is essential for maintaining compliance.

CRA Rules for Medical Clinics

Medical clinics must understand CRA rules, including HST exemptions for medical services and specific regulations for medical corporations. These rules govern compensation structures, like salaries and dividends, and address common audit triggers such as income discrepancies. Clinics must comply to avoid penalties.

Year-End & OHIP Deliverables

At year-end, medical clinics need to prepare an income statement, T2 tax return, T4/T4A slips, and OHIP summaries. These documents ensure compliance with CRA and provincial regulations, allowing for accurate tax filings and avoiding penalties. Proper record-keeping is essential for a smooth year-end process.

Why Choose Our Healthcare Tax Services?

Specialized Healthcare Tax Knowledge

We understand the unique tax obligations and eligible deductions for healthcare professionals—whether you’re incorporated, self-employed, or part of a group practice.

Streamlined Bookkeeping for Medical Practices

Our bookkeeping systems are built for busy healthcare providers, allowing for clear financial tracking, HST compliance, and smooth year-end preparation.

Cash Flow & Profitability Support

We help you improve billing practices, reduce overhead costs, and plan for growth—whether you’re expanding your clinic or opening a new location.

CRA Audit-Ready Financials

With us, your books stay clean, compliant, and audit-proof. Our processes ensure full alignment with CRA regulations specific to the healthcare industry.

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60-Day Fees-Matching Policy

Full-Service Accounting for Healthcare Professionals

Corporate Tax Filing for Healthcare

Professional Corporate tax preparation and return filing, ensuring accuracy and CRA compliance.

Accounting & Bookkeeping for Healthcare

Reliable bookkeeping and accounting with financial statements, records, and reporting.

Corporate Tax Planning for Healthcare

Smart Corporate tax planning to optimize savings, reduce liabilities, and maintain compliance.

CPA Compilation Report (Notice to Reader)

Deliver clear CPA Compilation Reports (Notice to Reader) for reliable financial insights.

Trust and Estate Tax Returns (T3) for Healthcare

Expert preparation of T3 returns to ensure compliance and minimize taxes for trusts and estates.

Corporate Tax Cleanup for Healthcare

Resolve past corporate tax issues and bring your filings fully compliant and up to date.

CRA Audit Resolution Services for Healthcare

Expert support to handle Canada Revenue Agency audits, disputes, and negotiations with confidence.

Resident Director (Nominee Director) Services for Healthcare

Provide qualified Nominee Director and Resident Director services to help companies meet compliance requirements.

Incorporation Services for Healthcare

Incorporation services in Toronto for smooth business formation, entity setup, and start-up support.

Free Resource: 50 Deductible Expenses for Healthcare Professionals

Comprehensive checklist of tax-deductible costs unique to healthcare professionals. PDF delivered instantly.

Case Studies

Saved Time + Became Audit-Ready (Mississauga)

Problem: A family physician in Mississauga struggled with messy books, late OHIP reconciliations, and rising CRA audit risk.

Solution: We cleaned up historical records, automated monthly OHIP reconciliation, and set up a proper medical corporation structure.

Results:
✅ Cut admin time by 6 hours/week
✅ Accurate, audit-ready reporting
✅ Clear monthly cash-flow visibility

Group Clinic: Optimized Compensation + Reduced Overhead (Brampton)

Problem: A multi-provider clinic in Brampton faced inconsistent associate payments, unclear expense allocation, and year-end reconciliation gaps.

Solution: Built a structured compensation model, enabled Xero tracking for each provider, and streamlined locum/associate payroll.

Results:
✅ 100% accuracy in monthly payouts
✅ Lower overhead by removing unused expenses
✅ Smooth, stress-free year-end

Physio Clinic: Reduced Tax Bill + Fixed Corporate Structure (Toronto)

Problem: A Toronto physio clinic was overpaying taxes due to poor categorization and disorganized books.

Solution: Implemented a Professional Corporation, added Xero automation, and applied strategic tax planning.

Results:
✅ Saved $18K/year in taxes
✅ Improved profit tracking by service
✅ Fully compliant and CRA-ready financials

How We Work: Your Year-End Flow

Step 1

Kickoff

Collect clinic documents, chart of accounts, previous filings, and OHIP statements.

Step 2

Cleanup & Setup

Organize books, integrate Xero/QBO, set up multi-provider payroll, and streamline clinic expense tracking.

Step 3

Monthly Close

Reconcile OHIP, run payroll, and submit HST/tax remittances.

Step 4

Quarterly Planning Review

Review tax planning, budgeting, cash flow, and compensation structures.

Step 5

Year-End Close & T2 Filing

Prepare trial balance, financial statements, corporate tax filing, and CRA audit-ready documentation.

Ready to simplify your books and taxes?

Transparent Pricing for Healthcare Providers

Pricing

We believe in clear, upfront pricing so you know exactly what to expect.

- Tax Preparation (Corporation): From $400
- Tax Return Filing (Corporation): From $400
- Tax Compliance Audit – FREE CRA audit support for our clients
- Tax Strategy: FREE for our clients
- Accounting Base Plan – From $100 / month
- Bookkeeping Management (Free for our Accounting clients)
- Financial Reporting (Free for our Accounting clients)
- Business Formation: Flat $35
- Incorporation Process: Flat $35
- Entity Setup Assistance: Flat $35
- Full-Service Payroll: From $125 per month

Meet Your Healthcare Tax Accounting Specialist

Sharad Gondaliya, CPA

Principal 647-212-9559 sharad@gondaliyacpa.ca

Vandana Goel, CPA

Accounting Specialist 647-250-0242 vandana@gondaliyacpa.ca

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Healthcare accounting services involve specialized financial management for healthcare professionals, including doctors, dentists, chiropractors, pharmacies, and clinics. Our corporate accountants at Gondaliya CPA provide tailored solutions to ensure accurate bookkeeping, tax compliance, and financial reporting for healthcare businesses.

What healthcare professionals do you serve?

We serve dentists, physiotherapists, chiropractors, walk-in clinics, pharmacies, psychologists, and family doctors. We also support newly incorporated medical professionals setting up their first clinic.

How is your firm different from general accountants?

We specialize in healthcare accounting. That means our services are designed around your billing practices (OHIP, WSIB, private insurance), CRA expectations, and industry benchmarks.

Why do healthcare professionals need specialized accounting services?

Healthcare businesses have unique financial requirements, including patient billing, insurance reimbursements, and regulatory compliance.
We provide expertise in healthcare accounting, helping you focus on patient care while keeping your finances accurate and compliant.

What services are included in healthcare accounting?

Our services include:

Accounting and Bookkeeping Services
Tax planning
Tax Preparation & Filing
Payroll Services
CFO Services
Incorporation Services

Gondaliya CPA can customize these services to meet the specific needs of your healthcare practice.

Can you support multiple clinics or mobile practices?

Absolutely. We provide centralized cloud accounting and financial insights for practitioners operating across several locations or on-call services.

Can you help me incorporate my medical practice and set up payroll?

Yes. We guide healthcare professionals through incorporation from start to finish including setting up your Medical Professional Corporation (MPC), CRA registration, HST filings, and payroll for staff or associate practitioners. We ensure your structure is optimized for tax efficiency and compliant with Ontario healthcare regulations.

Are these services suitable for small clinics and solo practitioners?

Absolutely. Whether you run a solo practice or a multi-provider clinic, Gondaliya CPA tailors healthcare accounting services to match the scale and complexity of your operations.

Can healthcare accounting services help reduce tax liabilities?

Yes. Proper accounting ensures that all eligible expenses and deductions are accurately recorded.
Our corporate accountants develop tax-efficient strategies to minimize your tax liabilities while remaining fully compliant with CRA regulations.

How can Gondaliya CPA assist with healthcare accounting?

We provide end-to-end support, from bookkeeping and payroll to tax planning and financial consulting.
Contact Gondaliya CPA today to discuss your healthcare accounting needs and receive expert guidance tailored to your practice.