When to Hand Off Your Books and How to Get Started
A Guide to Outsourcing Bookkeeping for Mental Health Practitioners Running a successful mental health practice in Canada involves more than just helping clients. As your practice grows, the administrative burden can quickly become overwhelming, especially when it comes to managing your books. Understanding when to outsource your bookkeeping and where to begin can be the […]
Stop Late Payments: Policies That Actually Get Invoices Paid
Payment Policies to End Late-Invoice Stress for Mental Health Practices Late payments can seriously hurt your mental health practice’s cash flow. In Canada, 46% of B2B invoices are overdue on average, negatively impacting cash flow. For solo practitioners, lost revenue can mean the difference between thriving and just surviving. Fortunately, you can dramatically reduce late […]
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 […]
Three Signs Your Practice Should Incorporate Next Year
Incorporate Your Mental Health Practice at the Right Time Running a successful solo mental health practice in Canada brings unique rewards and challenges. As your practice grows, you might wonder if it’s time to incorporate. While incorporation isn’t right for everyone, certain signs indicate when this business structure could benefit your practice significantly. Here are […]
What Does Professional Liability Insurance Really Cover?
How Professional Liability Insurance Protects Your Mental Health Practice (and Your Savings) Running a solo mental health practice in Canada involves unique risks to your professional reputation and personal finances. One client complaint, regulatory investigation, or malpractice claim could cost thousands in legal fees alone. Professional liability insurance (PLI) serves as your financial safety net, […]
Scaling Group Programs While Maintaining Personalized Experiences
For many Canadian mental-health therapists, one-on-one sessions are the heart of their work. But when demand grows, or when you want to help more people without adding hours, group programs offer scalable impact. More clients and funders now champion scalable care. In 2023, the federal government committed $100 million to its Mental Health Fund to […]
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 […]
Getting Bank Approval When You Have Variable Income
How to Secure a Mortgage When Your Income Isn’t the Same Every Month For many Canadian mental health practitioners running a solo private practice, income doesn’t arrive in consistent amounts from month to month. It rises and falls with client volume, cancellations, and clinic closures. While that’s normal for private practice, it can still cause […]
