Medical Professionals
Helping Physicians, Dentists, and Clinics Build Strong Financial Foundations
📍 Serving Toronto & the GTA | 🧾 CRA Compliant | 💼 Healthcare Specialists
Focus on Patients, We'll Handle the Finances
Running a busy medical practice leaves little time for accounting. Our team provides specialized bookkeeping and accounting services** tailored for doctors and healthcare professionals in Toronto.
Stress-free bookkeeping
HST & payroll compliance
Incorporation advice
CRA audit support
Thinking of incorporating? We’ll walk you through:
- Setting up your Medicine Professional Corporation (MPC)
- CPSO & regulatory coordination
- Income splitting & **tax-efficient structuring
- Capital gains exemption planning
- Maximize tax savings while maintaining compliance with CPSO rules
HST Registration & Filing
Not all medical services are taxable—but some are. We’ll help you:
- Determine if your services require HST registration
- File accurate HST returns on time
- Stay compliant with CRA guidelines on taxable vs. exempt services
- Avoid costly HST errors that trigger audits.
Payroll for Medical Staff & Associates
Managing a clinic means handling payroll. We take care of:
- CRA **payroll registration
- Staff **pay calculations & remittances
- Year-end T4s and **Record of Employment (ROE)
- Salary vs. dividend planning for incorporated professionals
- Reliable payroll support for your growing team.
CRA Compliance & Audit Protection
Stay audit-ready with our expert compliance services:
- Corporate & personal tax filings
- CRA correspondence & audit response
- HST, payroll & income tax remittances
- Deduction planning specific to doctors & clinics
Additional Services
- Monthly/Quarterly Bookkeeping
- Cloud-based accounting
- Budgeting & cash flow forecasts
- TFSA/RRSP & retirement planning
- Practice transition & succession
Who We Work With
- Family Physicians
- Specialists (e.g., Dermatologists, Cardiologists)
- Dentists & Orthodontists
- Chiropractors
- Medical Clinics & Locum Tenens
- New grads & resident doctors
Testimonials
See what people say about us
EXCELLENT Based on 83 reviews Posted on Jennifer LyTrustindex verifies that the original source of the review is Google. Sanjeev and his team are so helpful and responsive. Def highly recommend working with them.Posted on DOWN 2 EARTH NetworkTrustindex verifies that the original source of the review is Google. BBS Accounting CPA is a great firm! Highly professional and always reliable. They handle our finances with expertise. Highly recommend!Posted on Nate TLRTrustindex verifies that the original source of the review is Google. For more than ten years BBS Accounting has provided our luxury real estate sales and property management business in Toronto with professional, friendly and prompt accounting services. BBS has provided us with complete support including responses to bookkeeping questions, support with customer inquiries, direction when dealing with the CRA and more. No question was too big or small for the BBS team. I have no hesitation in recommending BBS Accounting for your accounting needs.Posted on Sam FazzinaTrustindex verifies that the original source of the review is Google. BBS ACCOUNTING is knowledgable and competent. I've been using them for almost 2 years and I'm very happy. My services include business accounting, personal accounting, as well as my business payroll. Sanjeev and his team are patient with me and always goes out of their way to educate me and answer my questions. They help me make informed decisions when it comes to my personal or business taxes. Thanks to BBS for everything so far and looking forward to a long and healthy relationship. Sam Fazzina Toronto Light Therapy / Toronto Light and BodyPosted on Andres Sanchez-PillotTrustindex verifies that the original source of the review is Google. Deals with all of the Taxes and is always quick to answer any questions.Posted on Vikas Palan (Vik)Trustindex verifies that the original source of the review is Google. Sanjeev and Team are great. Knowledgeable and very professional.Posted on vivek chandraTrustindex verifies that the original source of the review is Google. BBS Accounting Ltd is a reputable accounting firm that provides exceptional services to small businesses. Their expertise in financial management and tax planning is invaluable, offering valuable advice tailored to each client's unique needs. One of the standout features of BBS Accounting is their convenient monthly billing plan, which allows businesses to budget effectively and avoid unexpected lump-sum payments. The firm's commitment to prompt follow-ups and timely tax filing is commendable, ensuring that clients remain compliant and avoid penalties. Their team of knowledgeable professionals stays up-to-date with the latest tax regulations, providing peace of mind to business owners who can focus on growing their operations. Overall, BBS Accounting Ltd is a trusted partner for small businesses seeking comprehensive accounting solutions, valuable guidance, and a seamless experiencePosted on SalmanTrustindex verifies that the original source of the review is Google. Excellent team, that's highly responsive and smart.Posted on Ruru BakedTrustindex verifies that the original source of the review is Google. We've been customers of BBS for about 4 years now. They are always available to answer questions we have about our finances and taxes, and always on time with completing our books, year ends, payroll taxes, and more. Extremely valuable for any business owner and also affordable. Have recommended BBS to many of our friend's seeking accounting help.
