Financial Management for Clinical Counsellors
Hours: 2.5
Course Access: 1 Year
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.
Are you a BCACC member? Be sure to login through the member portal to take advatage of reduced-pricing
$80.00
Session 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
Session 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