Services
Every practice is different.So is the support you need.
A clear annual package for your corporation, support for residents, year-end planning that avoids surprises and, for clinic owners, a fractional CFO.
Incorporated Professional annual package
For incorporated physicians and dentists. A fixed annual price, known in advance and explained during the free consultation.
- Free incorporation, government start-up fees included (12-month engagement)
- A business plan for your bank if you're opening your practice or clinic, included on the same terms
- Corporate bookkeeping in Xero or QuickBooks Online: monthly, quarterly or annual, based on your needs
- Financial statements (compilation engagement)
- T2 and CO-17 returns
- T4/RL-1 and T5/RL-3 slips
- Your T1 and TP-1 returns and your spouse's
- Annual salary-dividend review and instalment plan
- Annual reminders: Registraire, Collège des médecins or Ordre des dentistes
- Government annual fees in later years included (Registraire, Ordre des dentistes)
- Secure client portal and Google Meet calls
Residents and new professionals
Physicians and dentists starting to practise.
- Your first practice budget and tax instalments
- First-year tax: avoiding the big April bill
- RRSP, TFSA, FHSA: where to start
- Student debt: the tax credit for interest on government student loans
- When to incorporate, and how
Year-end planning
One meeting in the fall, before options close.
- Salary-dividend mix before December 31
- Next year's RRSP room and QPP contributions
- Personal tax instalments (March 15, June 15, September 15, December 15)
- Corporate passive income and the small business deduction
- RRSP deadline [to verify each year]
- The corporation's year-end and T2 and CO-17 deadlines
Dentists who own a clinic
The clinic and the corporation, managed together.
- Clinic bookkeeping and reconciliations
- Team payroll: source deduction remittances and T4 and RL-1 slips, included in the package
- Tracking private, insurer and CDCP income
- Expense review: lab, supplies, equipment
- GST/QST: checking taxable services [to verify]
Fractional CFO for clinics
For owners of dental and medical clinics: a team, several chairs or locations, a loan, a purchase or a sale ahead. A monthly financial view, without hiring a full-time CFO.
Budget and cash flow
An annual budget and a cash-flow forecast updated every month: payroll, rent, loans, equipment.
KPI dashboard
A few indicators tracked monthly: production per chair and per hour, overhead ratio, collections.
Financing and banking
Preparing loan or credit-line requests, the projections behind them and the follow-up with your banker.
Buying or selling a clinic
Support with analysing the numbers, preparing the file and working with your other advisers.
Team compensation
Structuring pay for associate dentists, hygienists and staff: percentages, salaries, true costs.
Monthly review
A meeting every month to review the results, the variances and the decisions to make.
A separate monthly engagement
The fractional CFO service is billed separately, monthly, at three levels:
- Essential: about $1,500 per month
- Growth: about $3,000 per month
- Strategic: from about $5,000 per month
Plus taxes. It is not part of the free incorporation offer or the annual package, and you don't need it to use them.
What it doesn't include
We support you through a purchase, a sale or a financing; we do not issue formal business valuations. If a valuation is required, it is done by a Chartered Business Valuator (CBV). Legal opinions are available as an add-on service with our partner lawyers, or from your own lawyer or notary.
Add-on services
Available as add-ons, handled with our partner tax specialists and lawyers.
On request
- Legal opinions
- Shareholder agreement
- Trust structures
- Holding company structures
These services are not part of the free incorporation or the annual package. They are available on request, based on your situation.
Businesses and the self-employed
JeanKali Business Accounting CPA also serves small businesses: tax, transactions and fractional CFO.