We provide specialized accounting and tax services to support doctors, other medical professionals, and their medical practices across Ontario from our Toronto and Oakville offices.
Whether you need a full-service accounting firm for your medical clinic (solo or group), accounting support for your medical practice, or a tax specialist for your professional corporation, we’re here to help.
Here are a few reasons medical professionals in Toronto choose Cassar CPA:
We know the tax deductions, insurance expense rules, equipment depreciation, overheads, and regulatory/licensing costs that affect physicians. For example, malpractice, property insurance premiums, professional dues, and capital cost allowance (CCA) for medical equipment are all important aspects we manage accurately.
From our Toronto & Oakville offices, you get personalized service, someone who gets clinic revenue cycles, negotiating with insurance/OHIP, staff costs, billing delays, with the depth and systems of a large accounting firm.
We ensure your accounting and tax services do not just comply with CRA and Ontario regulations, but also help you plan ahead: whether deciding to incorporate your practice, structuring remuneration, managing large equipment purchases, or forecasting cash flow under billing delays.
At Cassar CPA, we believe that physicians and medical professionals deserve more than just number-crunching. You need a partner who understands your clinic’s cash flow cycles, equipment investment pressures, regulatory burdens, and medical-industry cost structure. That’s why we offer accounting firm services and tax specialist support tailored for medical practices, so you can focus on providing care, while we handle the financial complexity and compliance.
Here’s how Cassar CPA supports doctors & medical practices:
We’ll review your practice’s structure (solo vs group vs partnership), current accounting & billing systems, insurance / OHIP billing arrangements, revenue timing, and equipment / overhead cost base.
Including: whether incorporating is suitable, physician remuneration (salary vs dividends), structuring professional expenses, tax deductions, optimizing depreciation (CCA) for medical equipment, leasehold improvements, and insurance costs.
Bookkeeping, payroll for clinic staff, accounts receivable/payable (including patient and insurer billing), financial statements, corporate/personal tax returns, HST/GST compliance, managing overheads, clinic supplies & insurance billing.
We stay updated on Ontario / CRA changes affecting physicians (licencing, professional dues, OMA / OHIP changes, etc.), help with budgeting and financial forecasting (especially when billing/payment delays happen), and ensure your practice remains compliant and tax-efficient.
“Their diligent approach and personal care have saved me thousands of dollars in taxes over the years!”
"You simply won’t get this quality of service from a big firm.”
“I’ve been working with Matt for a while now and I recommend him as much as I can to my friends and family”
“Cassar CPA has saved me a lot of time, money, and headache!”
“We love Matt and his team! We use them for our NFP organization and they’re always fast, flexible, and knowledgeable”
“Fantastic and knowledgeable team with very forward thinking practices.”
"Matt and his team provide clients efficient and speedy turnaround on monthly accounting and year-end services, while at the same time acting as an advisor on various finance matters.”
If you’re a doctor, specialist, or medical practice looking for an accounting firm that understands your unique financial, tax, and regulatory needs, Cassar CPA is ready. With offices in Toronto & Oakville, we serve medical professionals throughout Ontario. Let’s schedule a discovery meeting to review your current structure, financial pain points, and how we can help you optimize and comply.
You can deduct many expenses: professional dues and membership fees, malpractice and liability insurance premiums, property insurance, rent or lease of clinic space, staff wages & benefits, supplies, medical equipment (via capital cost allowance), leasehold improvements, and certain office, vehicle, and utilities expenses. Cassar CPA helps you claim what’s allowable under CRA rules and ensures timing and classification are optimal.
It depends on your income, risk, overhead, equipment investment, and long-term goals. Incorporation can offer possibilities for income splitting, retaining earnings inside the practice, and potential tax deferral. Cassar CPA assesses your situation (revenues, liability, growth) and helps you choose a structure that balances tax, compliance, and business risk.
Equipment typically qualifies under CRA’s CCA rules; depending on the class, you can deduct a portion of its cost over several years. Cassar CPA helps you determine which class each piece of equipment belongs to, when it makes sense to buy or lease, and how to schedule deductions so that they align with your financial & tax planning.
Delays from insurers or OHIP, denials, out-of-pocket receivables, and uncollected patient balances. Also, under-tracking supplies or overhead, misclassifying insurance payments vs patient payments. Cassar CPA helps set up clean billing, reconciliation of receivables, and cash-flow forecasting to prevent surprises.
