Healthcare Professional Accounting Calgary: Physicians, Dentists & Medical Professionals
CPA services for Calgary physicians, dentists, specialists, and allied health professionals. Professional corporation setup, salary-dividend optimization, locum income, and medical practice accounting.
Industry-Specific Accounting for Healthcare Accounting
Healthcare professionals in Alberta (physicians, dentists, specialists, pharmacists, optometrists, and chiropractors) have one of the most complex tax and corporate planning situations of any profession. The combination of high income, professional corporation regulations, and long-term wealth accumulation planning requires a CPA experienced with healthcare professionals.
We manage the full spectrum of their financial affairs: from setting up the optimal professional corporation structure and maximizing salary-dividend splits, to preparing complex T2 returns for medical corporations and providing long-term financial planning advice.
Key Tax & Accounting Issues for Healthcare Accounting
Professional Corporation (PC) Setup
Alberta allows physicians, dentists, and other regulated professionals to incorporate professional corporations. The structure of your PC (share classes, family members as shareholders, dividend policy) significantly affects your lifetime tax burden.
Salary vs. Dividend Optimization
The most tax-efficient mix of salary and dividends from your medical corporation depends on your personal circumstances, Canada Pension Plan goals, RRSP contribution room, and the provincial tax rates in effect each year.
Spousal Income Splitting
Having your spouse or family members as shareholders of your professional corporation can enable tax-efficient dividend distributions, subject to the Tax on Split Income (TOSI) rules. We navigate these rules carefully.
Associateship vs. Employment Income
Physicians earning income as associates may receive T4 employment income, T4A self-employment income, or direct AHCIP billing income, each with different tax and expense implications.
Medical Equipment CCA
Physicians and dentists with their own practice equipment can claim Capital Cost Allowance. Proper classification of equipment in the correct CCA class maximizes annual deductions.
Locum Income Reporting
Locum physicians working across multiple facilities have specific reporting requirements. We correctly classify locum income, manage GST/HST exempt medical services, and optimize the associated deductions.
Our Services for Healthcare Accounting
Healthcare Practitioner T1
Personal T1 returns for Calgary physicians, dentists, and allied health professionals.
Explore Healthcare Practitioner T1Corporate Tax (T2): Medical PCs
T2 returns for Calgary medical and dental professional corporations.
Explore Corporate Tax (T2): Medical PCsMedical Practice Bookkeeping
Monthly bookkeeping for Calgary medical and dental clinics.
Explore Medical Practice BookkeepingHealthcare Accounting: Frequently Asked Questions
Disclaimer: Industry-specific information on this page is general guidance only and reflects tax rules current at time of writing. It is not professional advice and does not create a CPA-client relationship. Consult a licensed CPA for advice specific to your business.
Related Industry Pages
Healthcare Accounting in Calgary
Full-service tax planning and accounting for Calgary physicians, dentists, and healthcare professionals.