Tax tips

Tax tips for mental health professionals

46 practical articles on incorporation, bookkeeping, GST/HST, personal tax and CRA updates.

Mar 10, 2026
Incorporation

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…

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Feb 22, 2026
CRA updates

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,…

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Feb 2, 2026
Personal tax

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. Due to…

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Jan 25, 2026
CRA updates

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. If CRA accepts…

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Jan 6, 2026
Personal tax

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.…

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Dec 20, 2025
CRA updates

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…

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Dec 1, 2025
Personal tax

Year-end Tax Planning Considerations – 2025 Edition

December 31, 2025 is fast approaching… see below for a list of tax planning considerations. Please contact us for further details or to discuss…

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Nov 17, 2025
CRA updates

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.…

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Nov 1, 2025
Personal tax

Child/Spousal Support Amounts: Changing the Agreement

Spousal support payments are generally taxable to the recipient and deductible by the payer. On the other hand, child support payments are neither taxable…

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Showing 9 of 46 articles

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