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Revenue & Billing Reconciliation Financial Management & Reporting Tax Planning & Practice Structuring
Health Care Accounting

Specialized accounting
for health care practices.

At Vault CPA, we provide specialized health care accounting and advisory services for medical clinics, dental clinics, and pharmacies to strengthen financial performance, ensure compliance, and support long term growth.

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Health Care Accounting
Construction
Health Care Accounting

Revenue & Billing Reconciliation, every dollar accounted for.

  • Reconciling billings and bank deposits to ensure all funds are accurately received and recorded
  • Managing government and private insurer claims to prevent revenue leakage
  • Monitoring patient billing and receivables to strengthen cash flow control
  • Delivering provider level revenue reporting to support informed financial decisions
Health Care Accounting

Financial Management & Reporting, precision behind every practice.

  • Delivering monthly bookkeeping and bank reconciliations to maintain financial accuracy
  • Allocating associate income, managing payroll, and ensuring GST and PST compliance
  • Overseeing facility operations and expense management to control overhead
  • Preparing year end financial statements and tax filings in compliance with the CRA
Health Care Accounting

Tax Planning & Practice Structuring, built for long term success.

  • Structuring professional corporations to optimize tax efficiency and long term growth
  • Designing owner compensation strategies balancing salary and dividend planning
  • Implementing holding company structures to enhance tax deferral and asset protection
  • Planning succession and practice transitions to preserve value and continuity
From First Meeting to Filed Return
STEP 01

Understanding your practice.

We start by reviewing your clinic or pharmacy structure, billing arrangements, associate agreements, and revenue sources. We identify compliance gaps and planning opportunities before any work begins.

From First Meeting to Filed Return
STEP 02

Reconciling your billings.

We reconcile MSP, insurance, and PharmaCare billings against bank deposits, identify revenue gaps, and ensure your billing records are accurate and complete before reporting begins.

From First Meeting to Filed Return
STEP 03

Filing your returns and reports.

We prepare your corporate T2 return, personal T1, GST and PST filings, and associate income allocations — fully compliant with CRA requirements and tailored to your practice structure.

From First Meeting to Filed Return
STEP 04

Supporting you as your practice grows.

We remain available year-round for tax planning, associate structuring, CRA correspondence, and succession planning. Your financial clarity does not stop at the filing deadline.

Vault CPA
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Accounting built for health care practices.

Whether you run a medical clinic, dental practice, or pharmacy, we bring the specialized expertise your practice needs to stay compliant, financially sound, and positioned for growth.

Book a Free Consultation