Financial Management for Clinical Counsellors

Gain a deeper understanding of your practice’s finances with this tailored two-part workshop designed specifically for clinical counsellors. Whether you’re in private practice or considering incorporation, these sessions will equip you with the knowledge and tools to manage your finances with more confidence.

Part 1:  Financial Foundations

Presented by May Ashraf & Ryan Brown

Budgeting and Bookkeeping Best Practices

• Selecting the right system: Manual vs. digital options 
• Strategies for maintaining clear and organized financial records
• Financial review techniques
• Tips for effective collaboration with accountants

Tax Updates for Clinical Counsellors

• Key changes affecting your 2024 tax return
• Understanding the new CPP contribution rates, navigating federal tax brackets and rates, the new GST exemption
• Preparing for year-end and optimizing your tax return

Part 2:  Financial Strategies

Presented by Camie Haggarty

Incorporation: Benefits of incorporating your practice: determining the right time to incorporate, key considerations and potential drawbacks, tax implications of incorporation

Personal vs. Corporate Taxes

• Comparing tax treatment for sole proprietors and corporations
• Strategies for income distribution
• Leveraging corporate structure for long-term financial planning

This workshop is presented by MNP, one of Canada’s leading professional services firms, with expertise in helping healthcare professionals navigate their financial goals. You can learn more about MNP at https://www.mnp.ca/. 

ABOUT THE PRESENTERS: 

Ryan Brown , CPA

Ryan is a Partner with MNP’s Assurance and Accounting Services team in Vancouver, and Professionals Services team member, providing tailored accounting, tax and consulting advice to incorporated professionals.

Ryan helps small business owners and a wide range of professionals, including doctors, dentists, lawyers, and veterinarians. He takes pride in being a tax and accounting advisor who goes beyond the annual compliance work of completing financial statement and tax return filings.

He delivers presentations to medical and dental groups as well as to schools on key issues, such as incorporation, Canadian tax updates, and corporate investment strategies.

You can learn more about Ryan here: Ryan Brown | MNP

May Ashraf , CPA

May is a member of MNP’s Private Enterprise Services group in Vancouver and leads the firm’s Vancouver Professionals Services group. 

May works one-on-one predominantly with owner-managed businesses and professionals, helping private enterprise clients of diverse sizes and stages in a variety of industries achieve their business and personal goals. May primarily helps clients under Accounting Standards for Private Enterprise (ASPE). Her services also include corporate and personal tax planning and compliance.

You can learn more about May here: May Ashraf | MNP

Camie Haggerty, CPA, CGA

Camie is MNP’s Regional Leader, Professional Services for the Okanagan Valley and a Partner with MNP’s Assurance and Accounting team in Kelowna. Camie helps her clients achieve business and personal success at all stages, with a focus on ensuring business wellness.

Camie delivers personalized compliance tax preparation, corporate and personal tax planning and external financial advisory services to small- and medium-sized owner operated businesses, municipalities and First Nations.

You can learn more about Camie here: Camie Haggerty | MNP