- Dental Practice Specialists
Dentist Accounting & Tax Services Toronto
Running a dental practice in Toronto requires more than excellent patient care — you need accurate accounting, proper CRA compliance, and tax strategies that protect your practice’s income. NRK Accounting works with dentists and dental corporations across Toronto and North York, providing reliable bookkeeping, corporate tax filing, and tax planning tailored to the dental industry.
Whether you are an associate dentist, a newly incorporated practice, or an expanding dental clinic, we ensure your financials are organized and optimized — so you can focus on patient care.
Our Services for Toronto Dentists
Corporate Tax Filing & Planning for Dental Corporations
Annual T2 returns, financial statements, tax optimization
Bookkeeping & Monthly Financial Reporting
Organized dental revenue, expenses, payroll, equipment etc.
HST Filing & Compliance
Avoid filing errors and penalties on claimable ITCs
Payroll Services for Dental Staff & Associates
Source deductions, vacation pay, year-end T4 slips
Personal Tax Filing for Dentists
T1 returns coordinated with your corporation for best results
Dental Practice Startup Support
Incorporation structure, tax registrations, and CRA setup help
Why Dentists Choose NRK Accounting
- Experience supporting incorporated and self-employed dentists in Toronto
- Maximizing deductible expenses and capital cost allowances
- Monthly bookkeeping designed for healthcare practices
- Year-end support with T2 filings and CRA compliance
- Strategic tax planning including salary vs. dividend structure
We help dentist practice owners increase profitability while avoiding surprise tax bills and CRA issues.
Tax Strategies Designed for Dentists
We ensure your practice benefits from:
- Capital cost allowance on dental equipment
- Maximizing medical-related deductible expenses
- Holding company & investment planning when needed
- Income splitting strategies (where applicable)
- GST/HST compliance & ITC recovery
Serving Dentists Across Toronto & North York
We support:
- Associate dentists
- Incorporated dental practices
- Dental clinic owners
- New dental startups
Open 7 days a week — virtual and in-office appointments available.
Frequently Asked Questions
Common questions about Dentist
Do dentists need to incorporate in Ontario?
Most dentists incorporate for major tax savings and limited liability. We can advise on
timing and setup.
What is eligibility for HST for dental services?
Most dental services are HST-exempt, but supplies and cosmetic services may require proper tax treatment. We ensure compliance.
Can dentists split income with family members?
Rules are strict. We assess whether income splitting is allowed based on CRA guidelines.
Ready to strengthen your financial health?
Book a free consultation today to get expert dental accounting support in Toronto and North York.
Location
40 Wynford Drive, Suite 211 North York, Toronto
Phone
416-577-4301
info@nrkaccounting.com