# CPA for RP

> Accounting and tax for mental health professionals


## Posts

- [A Practical Guide to Creating a Thriving Psychotherapy Practice](https://cpaforrp.ca/a-practical-guide-to-creating-a-thriving-psychotherapy-practice/): Establishing a psychotherapy practice in Ontario can be both a rewarding and challenging endeavor.
- [Salary or Dividends: Tax Strategies For Ontario Psychotherapists](https://cpaforrp.ca/salary-or-dividends-for-psychotherapists/): Psychotherapists who operate their practices through professional corporations (PCs) in Ontario regularly face an important decision: whether to withdraw profits as salary or as dividends.
- [Importance of Strong Bookkeeping for Canadian Therapists: Gross Negligence Penalties](https://cpaforrp.ca/importance-of-strong-internal-accounting-gross-negligence-penalties/): A January 6, 2026 Tax Court of Canada case reviewed assessments of unreported revenues of over $6.4 million over two taxation years, 2013 and 2014.
- [Incorporating Your Psychotherapy Practice in Ontario: Key Considerations for Registered Psychotherapists in 2026](https://cpaforrp.ca/incorporating-your-psychotherapy-practice-in-ontario-key-considerations-for-registered-psychotherapists-in-2026/): As a Registered Psychotherapist (RP) in Ontario regulated by the College of Registered Psychotherapists of Ontario (CRPO), many of you begin your private practice as a sole proprietor.
- [Rent Payment to Non-Residents & Beneficial Ownership of Real Estate](https://cpaforrp.ca/rent-payment-to-non-residents-beneficial-ownership-of-real-estate/): Amounts paid to a non-resident as rent for the right to use property in Canada, including rent for the use of residential real estate, are generally subject to withholding tax.
- [TFSA Excess Contributions: Decline in Value](https://cpaforrp.ca/tfsa-excess-contributions-decline-in-value/): A July 25, 2025 Federal Court case found that CRA s denial of penalty tax relief on excess TFSA contributions was reasonable.
- [Voluntary Disclosures: Changes to the Program](https://cpaforrp.ca/voluntary-disclosures-changes-to-the-program/): The voluntary disclosures program (VDP) provides taxpayers with a chance to correct past tax errors or omissions before CRA finds them.
- [First-Time Home Buyers’ (FTHB) GST Rebate: Relief for New Home Purchases](https://cpaforrp.ca/first-time-home-buyers-fthb-gst-rebate-relief-for-new-home-purchases/): The government has proposed to provide GST relief on the purchase of new homes valued at up to $1.5 million by first-time home buyers.
- [New Business Registration Number Process: Shift Online](https://cpaforrp.ca/new-business-registration-number-process-shift-online/): Effective November 3, 2025, most new CRA business number registrations, including adding new program accounts to existing business numbers, must be done online through CRA’s Business Registration Online (BRO) system.
- [Year-end Tax Planning Considerations – 2025 Edition](https://cpaforrp.ca/year-end-tax-planning-considerations-2025-edition/): December 31, 2025 is fast approaching… see below for a list of tax planning considerations.
- [Changing Direct Deposit Information & Automatic Electronic Correspondence for Some Individuals](https://cpaforrp.ca/changing-direct-deposit-information-automatic-electronic-correspondence-for-some-individuals/): Individuals can now register for and update their direct deposit information only through CRA s online portal or through their bank or credit union.
- [Child/Spousal Support Amounts: Changing the Agreement](https://cpaforrp.ca/child-spousal-support-amounts-changing-the-agreement/): Spousal support payments are generally taxable to the recipient and deductible by the payer.
- [Canada Post Strike Update](https://cpaforrp.ca/canada-post-strike-updates-from-the-cra/): The most recent Canada Post strike commenced on September 25, 2025.
- [Can Therapists Deduct Clothing Expenses ?](https://cpaforrp.ca/can-therapists-deduct-clothing-expenses/): A July 30, 2025 Tax Court of Canada case considered whether luxury clothing expenses claimed by a commissioned employee for the 2016 to 2018 taxation years were deductible against the individual’s employment income.
- [Moving Expenses: Travel Distance](https://cpaforrp.ca/moving-expenses-travel-distance/): An August 25, 2025 Tax Court of Canada case considered whether a taxpayer’s relocation expenses in 2020 qualified as deductible moving expenses.
- [Uncashed Cheques From CRA: Is There One for You?](https://cpaforrp.ca/uncashed-cheques-from-cra-is-there-one-for-you/): Government-issued cheques never expire, so they can be cashed at any time. If they have been lost or damaged, they can be replaced at the taxpayer’s request.
- [Election Platform - Potential Upcoming Tax Changes](https://cpaforrp.ca/election-platform-potential-upcoming-tax-changes/): With the most recent federal election resulting in a Liberal minority government, individuals and businesses should be aware of their tax-related platform proposals, as summarized in the listing below.
- [Losses From Personal Scams: No Tax Deduction Available](https://cpaforrp.ca/losses-from-personal-scams-no-tax-deduction-available/): A June 18, 2024 Technical Interpretation discussed the tax treatment of losses resulting from a personal scam, as opposed to an investment scam.
- [Maximizing Home Office Deductions: Key Strategies for Psychotherapists](https://cpaforrp.ca/maximizing-home-office-deductions-key-strategies-for-psychotherapists/): As a psychotherapist in Ontario, your practice likely involves a blend of in-person and virtual sessions, often from a dedicated home workspace.
- [Canada Disability Benefit: New Support!](https://cpaforrp.ca/canada-disability-benefit-new-support/): The Canada disability benefit is a new monthly payment for working-age persons with disabilities who have low income.
- [Tax Relief - Support For Those Impacted by Tariffs](https://cpaforrp.ca/tax-relief-support-for-those-impacted-by-tariffs/): In response to the tariffs, the federal government has announced several measures to support businesses and individuals.
- [De Facto Director - Personal Liability](https://cpaforrp.ca/de-facto-director-personal-liability/): A director of a corporation, non-profit organization or other entity can be personally liable for payroll source deductions and GST/HST that the entity fails to remit to CRA, unless the director exercised due diligence to prevent failure to remit these amounts on a timely basis.
- [How to verify if the person who just called is in fact the CRA’s agent – CRA introduced a new fraud prevention website](https://cpaforrp.ca/how-to-verify-if-the-person-who-just-called-is-in-fact-the-cras-agent-cra-introduced-a-new-fraud-prevention-website/): Have you received a call claiming to be from CRA but are unsure if it is legitimate?
- [GST-HST Tax Holiday Ends Soon](https://cpaforrp.ca/gst-hst-tax-holiday-ends-soon/): For the December 14, 2024 to February 15, 2025 period, certain items normally subject to GST-HST Tax should not have GST-HST Tax applied at the point of sale.
- [Secondary Suites - Tax Considerations](https://cpaforrp.ca/secondary-suites-tax-considerations/): There are several reasons an individual might convert part of their home into a rental property.
- [Administration of the increased Capital Gain Inclusion rates](https://cpaforrp.ca/capital-gain-inclusion-rates/): The Capital Gain Inclusion Rate has been proposed to increase from 50% to 2/3, effective June 25, 2024, for corporations and most trusts as well as for the portion of capital gains realized in the year that exceeds $250,000 for individuals, graduated rate estates and qualified disability trusts.
- [Electronic letters only for businesses starting 2025 - CRA changes](https://cpaforrp.ca/cra-to-send-electronic-letters-only-in-2025/): In the Spring of 2025, CRA will change the default method of correspondence for most businesses to online only.
- [2024 Year-End Tax Tips for Psychotherapists in Canada](https://cpaforrp.ca/2025-year-end-tax-tips-for-psychotherapists-in-canada/): December 31, 2024 is fast approaching… see below for a list of tax planning considerations.
- [Shareholder Purchasing Asset: Input Tax Credit (ITC)](https://cpaforrp.ca/shareholder-purchasing-asset-input-tax-credit-itc/): An August 20, 2024 Tax Court of Canada case reviewed whether a corporation could claim ITCs of $8,874 related to the purchase of two vehicles that were used by the corporation.
- [CEBA: Collection Process](https://cpaforrp.ca/ceba-collection-process/): Where borrowers cannot repay their CEBA loan in full when it becomes due, the loan may be assigned from the taxpayer’s financial institution to the CEBA program for collection.
- [Advantages & The Process of Incorporating as a Registered Psychotherapist](https://cpaforrp.ca/registered-psychotherapist/): Incorporating as a Registered Psychotherapist (RP) can be an excellent decision for individuals seeking greater control over their practice, enhanced financial benefits, and professional growth.
- [Psychotherapy and Counselling Therapy: GST/HST Changes](https://cpaforrp.ca/gst-hst-changes/): As of June 20, 2024, certain psychotherapy and counselling therapy services have become exempt from GST/HST.
- [Short-Term Rentals: Selected Tax Issues](https://cpaforrp.ca/short-term-rentals-tax-implications-canada/): In late 2023, the Federal government announced its intention to deny income tax deductions for expenses by non-compliant operators of short-term rental properties (such as Airbnb or VRBO properties rented for periods of less than 90 days).
- [CRA Audit Activity – Real Estate & Cryptocurrency](https://cpaforrp.ca/cra-audit-activity-real-estate-cryptocurrency/): CRA uses a combination of risk assessment tools, analytics, leads and third-party data to detect non-compliance in the real estate sector.
- [April 2024 Tax Update – Capital Gains Inclusion Rate, Mandatory Electronic Filing, Director Liability](https://cpaforrp.ca/2025-tax-update-capital-gains-inclusion-rate/): The 2025 tax Federal Budget proposed to increase the capital gains inclusion rate from 50% to 2/3 of the actual gain, effective for capital gains realized on or after June 25, 2024, for all taxpayers (including corporations and trusts) other than individuals.
- [Maternity Benefits for Self-Employed Therapists in Canada: What You Need to Know](https://cpaforrp.ca/maternity-benefits-for-self-employed-therapists/): In Canada, expecting mothers are entitled to various maternity and parental benefits, but the situation can differ significantly for self-employed individuals.
- [Maximizing Tax Deductions for Canadian Psychotherapists](https://cpaforrp.ca/common-tax-deductions-canadian-psychotherapists/): As a psychotherapist in Canada, you have the opportunity to reduce your taxable income by taking advantage of various tax deductions available to you.
- [CPP Enhancements: Higher Contributions and Higher Benefits](https://cpaforrp.ca/cpp-enhancements/): In 2019, the government commenced a two-part enhancement to the Canada Pension Plan (CPP), with full implementation to be completed in 2025.
- [First Home Savings Account (FHSA): A New Investment Tool](https://cpaforrp.ca/first-home-savings-account-fhsa-new-investment-tool/): The tax-free FHSA was introduced in 2023 to help first-time home buyers save up to $40,000 for a home purchase.

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