Tax Planning
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Focus on medicine while we focus on your finances
We're the finance team that solves the business, accounting, and tax needs of healthcare professionals.
Why MedFocus Is Different
MedFocus Professional Corporation is a public accounting firm specializing in strategic wealth management, tax planning and corporate administration for healthcare professionals.
Technologically Advanced
MedFocus was founded with the objective of blowing up the role of the traditional accountant – we leverage cloud technology, advanced tax strategies and expertise in medical practice management to be so much more!
Financial Stewardship
Whether you’re looking for an accountant for tax advice, to manage your medical professional corporation, or if you need a finance team to assist your practice with transitioning to a modern, first-class operation, we can help.
Modern Delivery
Our team is entirely remote, which means we can deliver solutions and expertise at a reduced cost to your current accounting, tax and business structures.
Trusted Advisors
We are a leader in our field. Our innovative, advanced tax planning and technology-driven solutions have added value across the healthcare spectrum.
Our clients include
- Physicians
- Dentists
- Academic Practice Plans
- Medical Clinics
- Physiotherapy clinics
- Not for Profits
- Research Practices
- Ambulatory Centres
- Academic Governance Organizations
Our Pillars: Quality, Transparency & Modernization
Employing industry leading technology with best-in-class accounting and business expertise. We eliminate the paper and make the finances accessible, understood, and consistent.
Services we offer:
Bookkeeping & Corporation Administration
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Payroll Management
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Customized Tax Strategies & CFO Services
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What our clients are saying
MedFocus has been a real pleasure to work with. They brought a fresh new perspective and financial strategy that will really help to drive our growth plans. We couldn’t be happier to soon be opening a new clinic with MedFocus as our partner and financial advisor. We’re very much looking forward to continuing to work with MedFocus.
Raj Suppiah
Co-Founder, Foundation Physiotherapy Group
We couldn’t be happier with the service from MedFocus. At the outset of the engagement the team immediately identified a compliance risk for our group and worked with legal counsel to develop a solution. MedFocus has since done a marvelous job in leading our accounting and always has a keen eye to ensure that we are in compliance with tax and corporate filing deadlines.
Dr. Sherif El-Defrawy
Nanji Family Chair in Ophthalmology and Vision Sciences, Professor and Chair, Department of Ophthalmology and Vision Sciences, University of Toronto, Kensington Eye Institute
As a clinician-scientist I hold a number of roles; neurosurgeon, senior scientist, practice plan lead, and Co-Director of Kremblin Brain Institute. I am always terribly behind in my finances, scrambling for receipts and other documents at tax time.
MedFocus has completely revamped my finances – I have an app on my phone and electronic reporting that gives me access to my finances at any time; the hassles at tax time are finally gone!
I have also engaged MedFocus to modernize and manage the accounting and oversight of my research practice. They have done an excellent job in keeping our finances in order with easily understood reporting that always keeps us in compliance with granting agencies.
Dr. Gelareh Zadeh
Co-Director, Krembil Brain Institute, University Health Network Senior Scientist, Princess Margaret Cancer Research Institute Chair, Wilkins Family Brain Tumor Research
The MedFocus team manages the finances for my medical professional corporation as well. MedFocus immediately identified a tax strategy that neither I, nor my previous accountant, had ever contemplated. This strategy was really key in freeing up much needed capital for a home renovation project.
Jeff and Darren are a pleasure to work with and always available for concerns or clarification of tax strategies. I couldn’t be happier with the result and the overall services by MedFocus.
Dr. Allan Vescan
Assistant Professor, Director, Undergraduate Medical Education, Sinai Health System, Department of Otolaryngology
Services
Tax Planning and Compliance
- Advanced tax strategy sessions at onboarding and during the year
- Ongoing communication with MedFocus tax specialists
- Access to MedFocus tax deduction database and newsletters
- Full access to MedFocus professional network and services team (legal, financial planning, banking, insurance)
- Secured physician portal for organization and archiving of financial records
- Set up and administration of tax compliance schedule with built-in, automated reminders
- Payroll and remittance calculations and advice
- Year end corporate (T2) tax return
- Tax slips – T4 (salary) and T5 (dividends)
- Corporate financial statements / compilation engagement
- Personal (T1) tax return (and partner’s)
