Setting Up Your Therapy Practice as a Sole Proprietor: Taxes, Deductions & Financial Systems That Keep You CRA‑Ready

Launching or growing your therapy practice shouldn’t feel overwhelming, especially when it comes to the business side. This practical, plain‑language webinar walks Canadian therapists through exactly how to set up and run a sole proprietorship with confidence. Demystify how your taxes actually work, what you can deduct (and what you really shouldn’t), and how to organize your business finances so you stay compliant, stress‑free, and in control at tax time.

In this session, you’ll learn:

• How to properly set up your practice as a sole proprietor
• What income you must report — and how to track it without drowning in admin
• The most common (and most missed) deductions for therapists
• How GST/HST works for therapy practices and when you need to register
• Simple systems to separate personal and business finances
• How to stay on top of CRA requirements all year, not just at tax time

Perfect for new practitioners and seasoned therapists who want to tighten up their financial foundations.

Shannon Lee Simmons is an award-winning Certified Financial Planner, speaker, bestselling author of four books, Chartered Investment Manager and founder of the New School of Finance. She is a personal finance writer for the Globe and Mail as well as CBC Radio’s Metro Morning money columnist.