Did you know most of the services performed by a physician are GST/HST exempt thus a lot of medical professionals do not register for GST/HST purposes. However, there are services that could be taxable in your practice such as cosmetic procedures, certain forms and records, as well as consulting fees. Failing to register when you are required is a problem with the CRA.
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Tax Planning Tips for Alberta Nurse Practitioners: What You Need to Know
Tax planning is essential for maximizing income and minimizing tax liabilities, particularly for healthcare professionals like nurse practitioners (NPs) in Alberta. With unique income structures, professional requirements, and potential deductions,
