Free Tax Resources & Incorporation Calculator for Therapists

Step 1 · Choose your resources

Preview what you'll get

Select one, two or all three — then fill in one short form and we'll email them to you.

PDF calendar · Free

Tax deadline calendar

Every CRA date that matters to therapists, on one printable page.

✓All personal, self-employed and corporate filing dates✓Installment and payroll remittance dates✓RRSP and slip deadlines✓Printable one-page PDF

tax-deadline-calendar.pdfPreview

End of FebruaryT4, T4A and T5 slips and summaries due.

About March 1RRSP contribution deadline for the previous tax year (60 days after year-end).

March 15First quarterly tax installment, if CRA requires installments.

April 30Personal tax balance owing due — including for self-employed therapists.

June 15Filing deadline for self-employed individuals (and their spouses). Second installment due.

PDF checklist · Free

Opening your private practice

Registration, bookkeeping and tax steps for your first year.

✓10 steps from registration to your first tax return✓Structure, banking, bookkeeping and insurance✓GST/HST and installment reminders✓Printable PDF with tick boxes

new-practice-checklist.pdfPreview

Decide on your structureSole proprietorship or professional corporation.

Open a separate bank accountKeeps practice income and expenses clean.

Set up bookkeeping softwareConnect bank feeds and receipt capture.

Check your GST/HST positionMost therapy is exempt — review any reports or workshops.

Spreadsheet · Free

Deductible expenses tracker

Track rent, supervision, CE and more — ready for tax time.

✓Most common types of expenses, with real examples✓Monthly tracking tabs and annual totals✓Notes on which receipts to keep✓Works in Excel or Google Sheets

expense-tracker.xlsxPreview

Office rentClinic room rental, shared office fees

Home officeShare of rent or mortgage interest, utilities, internet

Supervision & consultationClinical supervision, peer consultation

Professional feesCollege registration, association dues

InsuranceProfessional liability insurance

Online tool · Free · No sign-up

Incorporation calculator

Move the sliders to estimate whether a professional corporation could save you tax.

Net practice income (before tax)$150,000

What you need to live on each year$90,000

Income from other sources$0

Employment (e.g. hospital or agency work), rental, investment or pension income.

Your estimated top marginal tax rate

~43.4%

Based on $150,000 total personal income (approx. Ontario combined rates).

Illustrative estimate

Income you could leave in a corporation

$60,000

Potential tax deferred this year

$16,434

Incorporation could make a meaningful difference. Let’s model your real numbers.

Get your numbers modeled

Illustrative only. Compares personal tax on the income you leave in the corporation (stacked on top of your other income, using approximate Ontario combined rates) with the 2026 Ontario combined small business rate of about 11.7% (11.2% from 2027). Ignores incorporation costs, salary/dividend mix and personal circumstances. Tax is deferred, not eliminated, until you withdraw the money.

Free resources for therapists

Preview what you'll get

Tax deadline calendar

Opening your private practice

Deductible expenses tracker

Incorporation calculator

Let's talk about your practice