Medical Professionals: Correcting Past Tax Issues Before CRA Finds You
Medical professionals in Canada face unique tax challenges that can quietly snowball: mixed exempt and taxable services for GST/HST, busy clinics with weak bookkeeping, personal-corporate “blur” (shareholder benefits and loans), and foreign asset reporting (T1135). The longer issues sit, the higher the stakes: penalties, compounding interest, reputational risk, and even regulatory attention. There is a…