2025 CPP Changes for Mental Health Practitioners
CPP2 Changes: What Mental Health Practitioners Need to Know for 2025 Taxes With year-end approaching, now is an ideal time to pause and check in on your practice’s financial health. For many self-employed mental health professionals, 2025 has brought new considerations for tax planning. One important change is the second phase of the Canada Pension […]
Payroll Penalties: Common Filing Errors and Fixes
How Canadian Mental Health Practitioners Can Avoid Costly Payroll Penalties Running a solo mental health practice in Canada comes with many responsibilities, and payroll compliance is one area where mistakes can be particularly expensive. The Canada Revenue Agency (CRA) enforces strict rules around payroll remittances and reporting, with charges that can quickly drain your practice’s […]
How Therapists Can Save Time with CRA’s New Authorization System
Therapists’ Guide to Navigating the CRA’s New Representative Authorization As a mental health professional, your focus is on your clients, not on administrative paperwork. However, managing your practice’s finances and taxes remains essential to your success. To do this effectively, you likely work with an accountant who needs access to your tax information. For years, […]
CRA Audit Red Flags in Therapy Practices
Why Mental Health Practitioners Could Get Extra Attention from the CRA If you’re a therapist or counsellor in Canada, you’ve probably noticed some changes in how the CRA handles your profession lately. Between new GST/HST exemptions and increased scrutiny on certain business practices, it’s worth understanding what’s putting mental health practitioners on the tax agency’s […]
Avoid GST/HST Penalties with Reminders & Automation
How to Stay Ahead of CRA GST/HST Deadlines Running a therapy practice means wearing many hats, from client care and charting to managing your books. It’s easy to miss a tax deadline, but recent CRA changes make that slip-up more costly than ever. What’s Changed and Why It Matters Starting June 2024, if you file […]
What To Do If The CRA Contacts You (And How We Handle It for Clients)
What To Do If the CRA Contacts You Getting contacted by the Canada Revenue Agency (CRA) might seem scary, but it doesn’t always mean you’ve done something wrong. The CRA may contact you for many reasons, not just because of suspicious activities. It’s a standard part of how the CRA manages and enforces tax rules. […]
