How to Create a Tax Report for Your Medical Practice

Ontario physicians are considered "self-employed". The MOHLTC does not issue a T4 to physicians for their fee-for-service remuneration. You will need to keep track of all your revenue paid by MOHLTC for filing your taxes.
​

MDBilling.ca has created a report to help you summarize your earnings. You can generate this report to reconcile against your deposits from MOHLTC. Keep in mind that the total deposit amounts are based on data provided by the MOHLTC, which includes all submission sources (ie/ submission from MDBilling.ca, and other software).

Navigate to REPORTS & FORMS --> Advanced Reports --> Tax Report

Choose the month of your Medical Professional Corporation's year-end (for those who are "not" incorporated, choose December).

A report will be generated summarizing the total deposits for the last 12 months.

IMPORTANT: MDBilling.ca has made every attempt to ensure the accuracy and reliability of the information provided in this report. The report is provided "as is" without warranty of any kind. MDBilling.ca does not accept any responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in this report. Please verify your banking and claim records for accuracy. You should seek advice from a tax professional if you have any questions.