Medical Clinic Bookkeeping Toronto
Medical Clinics · Toronto
Bookkeeping Built for Medical Clinics
Payroll for clinical staff, HST on medical services, OHIP billing reconciliation, and CRA-compliant records — handled by bookkeepers who understand the financial complexity of healthcare operations.
What We Handle
Financial Clarity for Busy Clinics
Medical and dental practices face bookkeeping challenges that general-purpose bookkeepers often miss — mixed HST treatment, OHIP reconciliation, and complex payroll. We handle all of it so you can focus on patient care.
OHIP Billing Reconciliation
We reconcile your OHIP remittances against payments received, flag discrepancies, and keep your billing records organized — so you always know what's been paid, what's pending, and what needs follow-up.
HST on Medical Services
Medical services are generally HST-exempt, but many clinics also provide taxable services. We correctly categorize each revenue stream and ensure your HST filings reflect the right treatment for every service type.
Payroll for Clinical & Administrative Staff
From physicians and nurses to front-desk staff, we handle payroll processing, source deductions, T4 preparation, and CRA remittances — accurately and on time, every pay period.
Medical Equipment & Supply Expense Tracking
We categorize and track expenses for medical equipment, supplies, and consumables — ensuring proper CCA treatment for capital purchases and accurate deduction of operating costs.
Insurance & Third-Party Billing Records
Payments from private insurers, extended health plans, and other third parties are tracked and reconciled separately from OHIP — giving you a complete picture of all revenue sources.
CRA Compliance & Year-End Preparation
We keep your books CRA-compliant throughout the year and prepare clean, organized financials for your accountant at year-end — reducing the time and cost of your annual tax filing.
"As a medical clinic, our bookkeeping needs are complex. The team at My Book Solutions understands our industry and keeps everything organized and CRA-compliant without us having to worry."
Common Questions
Frequently Asked Questions
Ready to Simplify Your Clinic's Bookkeeping?
Book a free consultation and find out how we can take the financial complexity off your plate — so you can focus on patient care.