Essential Financial Guides for Mental Health Professionals
Practical, actionable resources designed specifically for Canadian therapists, psychologists, and counsellors. Updated every year so you can make decisions with the latest information.
Featured Guides
Complete Deduction Guide for Mental Health Professionals
A plain-language breakdown of deductions that matter for your practice, with examples you can use right away.
- Relevant deductions explained
- Record keeping made simple
- Common questions answered
- CRA compliance tips
Corporation vs Sole Proprietorship: The Complete Analysis
Understand the pros and cons — not just in terms of tax, but in flexibility, record keeping, and personal preference.
- Real-world comparisons
- Provincial differences
- Setup and ongoing costs
- Decision factors beyond tax
Home Office Deductions During the Virtual Therapy Era
Maximize your home office deductions with the shift to virtual practice. Learn both CRA methods and choose what works best for your situation.
- Simplified vs detailed method
- Virtual practice considerations
- CCA implications
- Record requirements
All Guides
Complete Deduction Guide for Mental Health Professionals
A plain-language breakdown of deductions that matter for your practice, with examples you can use right away.
Read Guide →Corporation vs Sole Proprietorship: The Complete Analysis
Understand the pros and cons — not just in terms of tax, but in flexibility, record keeping, and personal preference.
Read Guide →Home Office Deductions During the Virtual Therapy Era
Maximize your home office deductions with the shift to virtual practice. Learn both CRA methods and choose what works best for your situation.
Read Guide →GST/HST Complete Guide for Therapy Services
Navigate the complex world of GST/HST as a mental health professional. Learn when your services are exempt and when you need to charge tax.
Read Guide →New Graduate Financial Checklist
Just starting your mental health practice? This checklist covers everything you need to know about taxes, business setup, and financial planning.
Read Guide →Software and Technology Expense Guide
Which technology expenses can you deduct? From SimplePractice to security software, learn what qualifies and how to maximize these deductions.
Read Guide →Conference and Training Deductions
Turn your professional development into tax savings. Learn how to properly claim continuing education, supervision, and conference expenses.
Read Guide →Vehicle Expense Rules for Mental Health Professionals
Claim vehicle expenses correctly whether you visit clients at home or travel for business. Understand logbook requirements and calculation methods.
Read Guide →Can't Find What You're Looking For?
Every practice is unique. Let us know what you need, and we'll point you to the right guide.