FINANCIAL SERVICES FOR ONTARIO MEDICAL PROFESSIONALS
Overwhelmed by managing your practice’s finances? We’re helping medical professionals across Ontario and Canada take control of their bookkeeping, payroll, and financial planning, reducing stress and giving you more time to focus on patient care.
Get Comprehensive Practice Management Solutions with Peace of Mind
Running a medical practice or professional corporation means you’re not only caring for patients but also running a business. Peace Of Mind Business Solutions is here to relieve the back-office burden. We specialize in financial services tailored to doctors, dentists, and other healthcare professionals. From keeping precise books and handling staff payroll to providing high-level financial advice, we take care of the financial details so you can concentrate on providing excellent care. With our help, you’ll stay compliant with regulations, maximize your financial efficiency, and enjoy true peace of mind in managing your practice.
Healthcare Bookkeeping Expertise
Accurate, up-to-date financial records specifically tailored for medical practices and clinics.
Full-Service Payroll
Timely payroll and HR support for your staff, ensuring everyone from receptionists to nurses are paid correctly and on schedule.
Tax & Compliance Knowledge
Guidance through the complex tax rules and healthcare regulations your practice needs to follow.
Maximized Savings
Strategies like medical professional corporation structuring, expense tracking, and income splitting to help you keep more of what you earn.
Growth & Stability
Financial planning and CFO insights to help expand your practice or improve profitability while maintaining stability.
Our team brings decades of combined experience in both accounting and the unique financial needs of healthcare professionals in Canada. We use secure, cutting-edge software to manage your information with complete confidentiality.
By partnering with Peace Of Mind, you’re gaining a financial ally who understands the demands on medical professionals. We provide a personalized, compassionate approach to organizing your finances—so you can run a healthier, more efficient practice with less stress.
Tailored Packages for Your Medical Practice:
Our services scale and adapt to fit solo practitioners, group clinics, and everything in between.
Tailored Financial Planning
We help you plan for expected and unpredictable aspects of running a practice.
Personalized Roadmaps
We develop financial plans aligned with your professional goals.
Practice Budgeting & Forecasting
Understand your clinic’s cash flow cycle and prepare for seasonal fluctuations.
Proactive Risk Management
We identify potential financial risks and put safeguards in place.
Maximizing Your Savings
Medical professionals have unique opportunities to save on taxes and build wealth. We ensure you’re taking full advantage of these.
Tax Efficiency Strategies
Advice on how to structure income to benefit from lower corporate tax rates.
Dividend & Salary Optimization
Careful planning of how you pay yourself to maintain steady personal income.
Expense Maximization
Guidance on properly tracking and claiming all allowable practice expenses.
Committed to Compliance
Stay fully compliant without the headache. We keep on top of financial rules so you don’t have to, greatly reducing your risk of audits or penalties.
Regulatory Monitoring
Constant awareness of updates in tax law and healthcare regulations.
Accurate Recordkeeping
Maintain thorough, audit-ready books and documentation.
Timely Filings
All your government filings are prepared and submitted on time, every time.
Request Your Personalized Financial Assessment
Ready to take the next step toward a smoother-running practice? Let’s review your current financial setup and provide tailored recommendations to improve cash flow, reduce administrative headaches, and ensure your practice’s financial health for the long term.
Frequently Asked Questions
What services do you provide for medical professionals?
We handle bookkeeping, payroll, accounts payable/receivable, compliance (HST, WSIB), and fractional CFO support. From daily recordkeeping to high-level strategy, we manage your financial operations so you can focus on patient care.
Why do I need specialized financial services as a doctor/dentist or medical professional?
Healthcare finances involve unique rules, deductions, and Medical Professional Corporations. Our expertise helps you stay compliant, maximize tax savings, and avoid costly mistakes, ensuring your practice’s finances are managed correctly.
Can Peace Of Mind help me save on taxes?
Yes. We advise on incorporating as a Medical Professional Corporation, optimizing salary/dividends, and claiming all eligible expenses. Our knowledge of CRA rules and healthcare deductions ensures you keep more income legally.
My office manager or clinic administrator handles a lot of the bookkeeping. Why would I need outside help?
We provide oversight, catch errors, and ensure compliance with regulations. While your staff handles daily tasks, we manage complex reporting, analysis, and strategy—giving your practice stronger financial stability and growth.
Can I use your services if my practice is outside of Ottawa?
Yes. We work with medical professionals across Ontario and Canada using secure cloud-based tools. Location doesn’t limit our support—you’ll get the same reliable, personalized service anywhere.
How do I get started with Peace Of Mind’s financial services for medical professionals?
Start with a consultation. We assess your practice, outline services in a clear proposal, and guide onboarding smoothly. From there, we organize your books and deliver tailored ongoing support.
My practice’s bookkeeping is behind/not in great shape. Can you help fix it?
Yes. We clean up and reconcile past records, resolve missed filings, and work with the CRA if needed. You’ll have accurate, reliable books and a fresh financial start moving forward.
Will you work with my accountant or tax advisor?
Absolutely. We collaborate with accountants to ensure accurate records and smooth year-end tax filings. If needed, we can handle preparation in-house or connect you with trusted professionals.
What size of medical practice can you handle?
We support solo practitioners to large multi-doctor clinics. Services scale to your needs—from basic bookkeeping to full CFO-level advising—ensuring the right fit regardless of practice size.
Will I lose control of my finances by outsourcing them?
Not at all. We keep you updated with clear reports and review meetings. You retain decision-making power while we handle details, giving you more clarity and confidence, not less.