Resources & Articles
Healthcare & Other Professionals
Is it time to ditch the hourly billing model?
With an hourly-based billing model, there are only two ways to generate more revenue: 1) increase the bill rate per hour or 2) increase the...
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Automate and Elevate: Driving Business Value to New Heights
Professional services firms face a number of similar challenges that include improving project profitability and margins, adapting to shifting customer expectations and reducing administrative tasks....
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Are All Healthcare Services GST/HST Exempt?
Generally, healthcare professionals are not registered for GST/HST due to the fact that the majority, if not all, of their services supplied to their patients...
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GST/HST and Dentists
Generally speaking, under Section 5 of Part II of Schedule V of the Excise Tax Act (ETA) services provided by a medical practitioner, as defined,...
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Can Artificial Intelligence be useful to Law Firms?
The professional services industry is beginning to feel the impact of the uncertain economy, with clients becoming increasingly cautious of large capital expenditures. Until there...
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Selling a Family Medicine Practice
There was a time when selling a family medicine practice in Ontario was very rare as the demand for family doctors exceeded the supply so...
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Use of a Professional Corporation on Retirement
For professionals, the use of a Professional Corporation (PC) can provide key benefits in terms of income splitting and income tax deferral. However, professionals often...
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Professional Development and Continuing Education Expenses – Deductible or Not?
One of the key traits of a professional is a desire and need for regular professional development and continuing education. This training can involve some...
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GST/HST Implications on Associate Agreements
Associates are a key part of the healthcare industry as a large majority of practitioners either are one or have hired one throughout their careers. ...
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Meet the Professionals Industry Advisory Team
Meet the Professionals Industry Advisory team. They can address on-demand, any financial questions or hurdles your professional practice may encounter. Being a professional practice ourselves,...
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