- 500+ clients Served
- $18.2M+ in Tax savings
- CPA & CEPA Certified
You’ve dedicated your life to caring for others. It’s time someone cared for your financial well-being with the same passion.
We handle bookkeeping and accounting for physicians: monthly bookkeeping, the annual T2, T4/T5 slips and tax planning for incorporated doctors across Alberta and Canada, at a fixed monthly fee for a Medical Professional Corporation, listed on our pricing page. We help you keep more of what you earn within the rules.
One fixed monthly fee for Medical Professional Corporations.
Clinic Accounting has its own fixed monthly fee.
See our pricing page.
WHY PHYSICIANS NEED SPECIALIZED ACCOUNTING
Physicians face their own financial challenges, including provincial billing, equipment financing, uneven income and regulatory requirements. Working with accountants who understand medical practices helps keep your practice profitable and compliant.
DOES THIS SOUND FAMILIAR?
Many physicians struggle with financial management on top of patient care. Here are three common situations:
You’re incorporated but unsure if your structure is optimized. You may be paying tax at Alberta’s top combined personal rate of 48% on income above $370,220. A proper corporate and holding company structure may let you keep more after tax, depending on your situation.
Years of inaccurate bookkeeping or tax planning can quietly cost you in missed deductions, penalties and interest.
Your clinic may not be treated as a scalable, transferable asset. Without proper structuring, patient payment systems, and exit planning, you may be leaving unrealized value on the table.
If you are incorporated and working with another accountant, book a free consultation and we will look at your current setup. There is no obligation to work with us.
PLANNING AND STRUCTURE
Four of the ways we work with incorporated physicians across Alberta and Canada.
We can set up an Individual Pension Plan sponsored by your corporation. Depending on age and salary, an IPP can allow higher contributions than a standard RRSP.
We plan holding and investment company structures that can keep investment assets separate from your practice and support tax-efficient movement of funds between your companies.
We review past bookkeeping and tax filings, correct what is wrong, and restructure where it helps.
We help you align salary, dividends, holding structures and retirement planning so your personal and corporate plans work together.
Most incorporated physicians in Alberta save tax by keeping the income they do not need for living costs inside their medical professional corporation. If the corporation qualifies for the small business deduction, its active business income up to $500,000 a year is taxed at 11% in Alberta: 9% federal (CRA, corporation tax rates) plus 2% provincial (Government of Alberta, corporate income tax). You pay personal tax only on what you take out as salary or dividends, so the saving is a deferral, not tax-free income, and the money left in the corporation can pay for equipment, a clinic or investments.
To incorporate, you need an active registration with the College of Physicians & Surgeons of Alberta, which issues the professional corporation permit (CPSA, incorporate my practice). We keep your corporation’s books, file its T2 return and help you plan the salary and dividend mix each year, from our Calgary office for physicians across Alberta. The Medical Professional Corporation package and Clinic Accounting are fixed monthly fees, listed on our pricing page. Book a free consultation.
Reviewed on 15 October 2026. Tax rates on this card are from the Canada Revenue Agency and the Government of Alberta, and the permit rule from CPSA, linked beside each fact. This is general information, not tax advice for your situation.
Most incorporated doctors use a mix of salary and dividends, and the right mix can change from year to year. The main differences, from the Canada Revenue Agency and CPSA:
Each year we look at your corporation’s books and your personal plans, work out the salary and dividend mix with you, and set your tax instalments to match. Book a free consultation.
Reviewed on 23 October 2026. Facts on this card are from the Canada Revenue Agency, Canada.ca and CPSA, linked beside each fact. This is general information, not tax advice for your situation.
Employee or self-employed. When Alberta Health Services, a hospital or a clinic pays you, the tax treatment depends on the whole working relationship, not only on what the contract calls you. The CRA looks at things like who controls the work, who provides the tools and equipment, and who carries the financial risk (CRA, employee or self-employed). Bring your AHS, hospital and clinic contracts to the consultation and we will check how each one should be reported.
GST/HST. Most health, medical and dental services performed by licensed physicians or dentists for medical reasons are exempt, so you do not charge GST on them. On exempt services you generally cannot claim input tax credits for the GST you pay on related costs (CRA, type of supply). Services that are not for medical reasons can be taxable, so we check what you bill.
Reviewed on 23 October 2026. Facts on this card are from the Canada Revenue Agency, linked beside each fact. This is general information, not tax advice for your situation.
It depends on how you want to work. 786 Venture CPA is a CPA-led firm in Calgary, licensed by CPA Alberta. Every engagement is led by a Chartered Professional Accountant, and the same team handles your corporation’s bookkeeping, its T2 return, your personal return and your planning, so nothing is passed between departments. We serve physicians across Alberta, and in every province and territory except Saskatchewan, by Zoom, phone and email from our Calgary office. Our fees are fixed and shown on this page, so you know the cost before you start.
A national firm can suit a large clinic group that wants offices in several cities. If you are a physician with a professional corporation, or a clinic owner who wants one team that knows your whole picture, book a free consultation and compare.
Most missed deductions are ordinary costs that never reach the return because the record was not kept. What you can claim depends on how you are paid: as an employee you claim less than a self-employed physician or a medical professional corporation, so we first check how each contract should be reported. This is the Canadian checklist we go through with every physician:
We go through this list with you before your corporation’s year-end and again for your personal return. Book a free consultation.
Reviewed on 27 October 2026. Facts on this card are from the Canada Revenue Agency and Canada.ca, linked beside each fact with the date on each page. This is general information, not tax advice for your situation.
Look for a CPA firm that already works with physicians who have a CPSA professional corporation, gives you a fixed fee in writing, and handles both your corporation’s year-end and T2 and your own return. What to check:
Book a free consultation: a free 20-minute call where we look at your current setup and confirm the fee in writing.
Reviewed on 27 October 2026. Facts on this card are from the Canada Revenue Agency, the Government of Alberta, CPA Alberta and CPSA, linked beside each fact. This is general information, not tax advice for your situation.
TWO PATHWAYS. ONE COMMITMENT.
Whether you’re an incorporated physician or running a clinic with staff, we have a pathway designed for your specific situation. All pricing is in CAD, plus applicable taxes.
Accounting and tax support for incorporated physicians across Alberta and Canada.
Financial management for clinic owners, including patient payments, payroll, and growth strategy.
Final pricing depends on the scope of work. We will confirm it with you before you engage us.
YOUR FINANCIAL QUARTERBACK
Our CPA-led team includes tax lawyers, so your accounting, tax and structuring questions are handled together.
Our firm and our CPA are both registered with CPA Alberta and in good standing.
We help physicians structure their corporations, plan their tax, and build the value of their clinics.
We coordinate your bookkeeping, tax, IPP setup and exit planning in one place.
Modern cloud accounting technology combined with genuine, proactive client care. You’re never just a number.
We look at your entire financial picture: corporation, personal, retirement, and legacy, not just this year’s tax return.
If any of these resonate, it’s time to talk. Start with a free consultation.
STRAIGHT ANSWERS
Physicians face their own tax rules, incorporation decisions and succession questions. We work with medical professionals on their personal and corporate tax together. Our CPA-led team includes tax lawyers.
The package is a fixed monthly fee, listed on our pricing page. It covers monthly bookkeeping and reconciliations, annual T2 corporate tax filing, T4/T5 slips within the agreed scope, our audit support commitment, unlimited CRA support, and proactive mid-year and year-end tax planning conversations. It is designed for any incorporated physician with a Medical Professional Corporation, whether you are just starting out or well established in your career.
We work on tax efficiency now, planning for the years ahead, and fixing what was missed in past filings. That includes income structuring, IPP setup, holding company structuring, and resolving CRA issues. Book a free consultation and we will look at your current setup. There is no obligation to work with us.
Yes. Our Clinic Accounting package is a fixed monthly fee, listed on our pricing page, and includes everything in the Medical Professional Corporation package, plus financial management for your clinic: patient payment processing and reconciliation, full-service payroll, multi-entity structuring (operating and holding companies), exit and succession planning with CEPA expertise, and business valuation. Final pricing depends on the scope of work.
We stand behind our work with an audit support commitment: if our work leads to a CRA issue, our team handles it. We also aim to file every return before the CRA deadline.
We go beyond compliance by offering strategic accounting that includes retirement and wealth planning. This can include an Individual Pension Plan sponsored by your corporation, holding and investment companies for your investments, and exit planning so you can claim the Lifetime Capital Gains Exemption where your shares qualify.
Very little. We handle the heavy lifting so you can focus on patient care. Delegating your financial management to us frees up time you would otherwise spend on bookkeeping and tax paperwork. We use modern cloud accounting tools and proactively reach out when we need your input, not the other way around. You stay informed without being overwhelmed.
It starts with a free consultation. We look at your current setup and talk through your options. If you decide to work with us, we handle the onboarding.
GET IN TOUCH
It all begins with a free consultation. We will look at your current setup, and there is no obligation to work with us.
Book through our short intake form, or call or email the team directly.
Please do not send a SIN, CRA password, bank login or patient records through an initial inquiry.
This page provides general information. It is not accounting, tax or legal advice and should not be relied on for any specific situation. Contact 786 Venture CPA for advice on your circumstances.
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Professional accounting services for Canadian businesses in every province and territory except Saskatchewan.
Licensed CPA providing bookkeeping, tax planning & exit planning.
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