Accountants and Tax Specialists for Doctors in Canada

As specialized tax accountants for doctors and physicians in Canada, we understand the competing financial objectives. Your financial world is full of unique challenges: managing medical student debt, balancing your mortgage, choosing whether you should incorporate, deciding between salary vs dividend, optimizing invest in your RRSP vs your corporation, how to take advantage of income splitting, whether to set up a holding company and much more.

At CoPilot Tax, we:

– Use evidence-based, up-to-date tax strategies
– Specialize in doctors of all kinds, GPs, specialists, surgeons, locums, clinic owners
– Stay current with legal/regulatory
– Have been quoted in journals and podcast specifically for doctors including the Canadian Healthcare Network and Teeth and Titanium.

Expert Accountants and Tax Planning for Doctors in Canada

Are you a doctor in Canada looking to take the stress out of your finances and taxes? Look no further than CoPilot Tax! Our team of accountants and tax specialists are to guide you with our expert services ranging from bookkeeping, accounting, tax planning, and all financial decisions.

So go ahead and focus on your patients—we’ve got your back.

Contact CoPilot Tax today to learn more about how we can support you!

At CoPilot Tax, our team of experts can help you with all aspects of business and tax planning, including incorporation. Whether you need general business advice or specific tax guidance, we have the expertise to support you. We can also assist with set up of a medical practice.

In addition to providing a range of accounting, tax, and advisory services for doctors, we offer the following specific services:

Setting up a medical corporation: Guiding you on incorporating in compliance with provincial regulations and setting up difference share classes to take advantage of income splitting.

Maximizing deductions: Review of expenses that are business related vs personal

Provide you with the best tools to automate your finances: Includes bookkeeping, payroll, tax payments, budgeting, vehicle mileage.

Preparation of financial statements to analyze your finances

Our tax services include:

Corporate tax return (T2) preparation: We find so many mistakes that could cost you thousands.

Sole proprietor doctor tax return (T1) preparation.

Tax planning: Real proactive tax planning including should you incorporate (try our calculator), RRSP vs corporate investing, debt paydown strategies, parental leave planning, and paying yourself tax-efficiently (now that capital gain strips are no longer possible).

Holding company structuring: Certain investments cannot be made in our corporation.

Salary vs. dividend analysis: We see the biggest tax savings opportunities with salary vs dividend planning. Try out our calculator.

Income splitting: Spread your taxes across your family members to pay less tax collectively as a family.

Avoid big tax mistakes: Structure your contract so that you don't have to pay GST/HST on your overhead as we outline if our quotes to various journals.

Whether you are an experienced professional or just starting your own practice, we have the expertise to support you. Contact us today to learn more about how we can help.

Tax Specialists for Doctors in Canada

As tax specialists for doctors in Canada, we at CoPilot Tax understand the unique challenges and potential risks facing medical professionals when it comes to taxes. Similar to how you use studies and evidence to treat your patients, we take an evidence-based approach to your finances. Our years of experience working with physicians have given us insight into how to avoid a tax audit by the Canada Revenue Agency and how to pay less tax now and in the future.

We work with doctors and physicians across Canada and have a team of highly skilled and educated professionals who can assist with all your tax and accounting needs. Unlike other accounting firms, we incorporate all financial aspects of your life into our services including parental leave, children education planning, and retirement planning. Contact us today to learn more about how we can help you.

Accounting Services for Doctors in Canada

At CoPilot Tax, we specialize in providing accounting services for doctors. Our team of accounting experts has the skills and knowledge to handle the complex accounting and tax needs of medical practices. We are equipped to assist with tax filing, business management, and any other accounting services you may require.

If you need accountants to support your medical practice, don’t hesitate to contact us. Our team is ready to provide the expertise and support you need to succeed. Contact us today to learn more about how we can help.

Get in Touch

Chat with our team of experienced professionals at CoPilot Tax to learn how we can help you save on your taxes.