Tax & Accounting Specialists for Doctors

As a doctor, your primary focus is on providing exceptional care to your patients. However, managing your finances, taxes, and accounting can be overwhelming. At Dharna CPA, we specialize in providing tailored accounting and taxation services to doctors in the Greater Toronto Area, including Toronto and Mississauga.

Tax & Accounting Specialists for Doctors in Toronto and Mississauga

Expert Tax Planning

As tax specialists for doctors in Toronto and Mississauga, we optimize deductions, reduce liabilities, and develop strategies to help you retain more of your hard-earned income.

GST/HST Compliance

Ensure your compliance with complex GST/HST regulations specific to healthcare services and minimize the risk of penalties.

Accurate Bookkeeping 

Managing day-to-day bookkeeping is time-consuming. Dharna CPA ensures your records are accurate and up to date, giving you more time to focus on patient care.

Financial Insights for Growth

We provide detailed financial reporting and analysis to help you understand your cash flow, manage expenses, and plan for long-term growth.

Effortless tax solutions for busy doctors

We do our personal and business taxes with this company for 2 years now and couldn’t be happier! We had a very hard time to find someone local, who can give us the assistance we needed (filing WITH feed back and orientation) and Shalini made it very easy and smooth to work together long distance. We have also done Shalini’s one on one consultation/ orientation session online, which is very helpful and I highly recommend. I am very detail oriented and have to say, we found a perfect fit!!

– Carolyn Aboujaoude

I decided to use Dharna CPA’s services after reading their many reviews and recommendations. I wasn’t disappointed at all and would recommend them to everyone. I was new to tackling my taxes as a new business person and following a difficult separation but Shalini was very responsive and addressed all my concerns.

– Ambrene M

I have been using services from Dharna CPA for over 15 years for my business & personal taxes. Harpal & his team are extremely professional & knowledgeable in tax matters.
They have helped me save a lot in my taxes through various tax strategies suggested by Harpal. I have always received a very prompt response to any of my tax related questions. I would highly recommend them to anyone for business or personal tax help.

– Kailash K

Simplify Your Finances Today

Let Dharna CPA handle the complexities of accounting and taxation services for doctors in the Greater Toronto Area, so you can focus on what truly matters—caring for your patients.

Contact us today to schedule a free consultation with our tax specialists for doctors in Toronto and Mississauga.

Partner with us for stress-free financial management and tax planning.

Contact us for a free consultation and discover how Dharna CPA can streamline your accounting and tax processes.

Frequently Asked Questions

Why should doctors hire tax specialists?

Tax specialists for doctors ensure that your practice benefits from all eligible deductions, complies with CRA regulations, and implements tax-efficient strategies to minimize liabilities and maximize financial health.

What are the benefits of incorporating for doctors in Ontario?

Incorporating allows doctors to benefit from a lower corporate tax rate, income splitting, and better retirement savings options. Our team specializes in structuring medical practices for financial efficiency.

Why do doctors need accountants?

Accountants help doctors manage their financials, optimize tax filings, track expenses, and maintain accurate records. With our specialized services, you can ensure your practice runs smoothly and profitably.

Do doctors in Canada pay taxes on their income?

Yes, doctors pay taxes on their income like any other professional. However, tax planning strategies can help reduce liabilities. Our tax specialists can assist in creating personalized plans to save you money.

Can doctors incorporate their practice in Canada?

Yes, doctors can incorporate their practice, which offers benefits such as tax deferral, income splitting, and enhanced financial planning. We can guide you through the incorporation process to maximize these advantages.

What are the common deductions available for doctors?

Doctors can often deduct expenses like office rent, medical equipment, professional dues, continuing education, insurance, and travel costs related to their practice. Our experts ensure you claim everything you’re entitled to.

Do doctors need to charge HST for their services?

Most medical services provided by doctors are HST-exempt in Canada. However, non-medical services or products sold may require HST compliance. We can help you navigate these specifics.