You must pay taxes, but there’s no law that you have to leave a tip
We take care of everything else
We cater to over 1000 busy physicians, medical corporations, and clinics across Canada.
We are licensed in Manitoba, Ontario, British Columbia, and Alberta.
We minimize the stress and burden of your finances by:
Understanding the issues related to your personal and corporate finances including common medical billing arrangements, real estate, investments and insurance.
Corresponding directly with your financial advisors, bank, lawyer and CRA on your behalf.
Minimizing your taxes using well-conceived strategies defendable in the very unlikely event of an audit.
Who We Work With
Residents & Fellows
Bokhaut prepares basic personal tax returns for resident physicians and their spouses free of charge.
Our expertise is in areas including:
✓ Tax treatment of fellowship and scholarship income earned in Canada and abroad
✓ Coordinating US and Canadian tax filings
✓ Resident retention grants and loans
✓ Moving expenses and relocation incentives
✓ Expenses common to medical residents
Physicians
Our services are designed to allow physicians to fully understand their finances while eliminating the task of administering their finances. Our services include:
✓ Providing an independent second opinion on all financial decisions
✓ Sourcing other professionals with experience servicing physicians
✓ Corresponding with CRA on all matters
✓ Decision to incorporate or to dissolve a corporation
✓ Tax planning for investment and real estate income
✓ Corporate reorganizations and estate planning
Clinics
Our experience representing clinics are of particular help to small medical clinics without the need for a full time financial professional to manage their affairs. Services include:
✓ Arranging financing to purchase, establish or expand clinics
✓ Design and review of cost sharing and associate agreements
✓ Tax planning associated with clinics
✓ Goods and Services Tax issues
✓ Structuring compensation for associate physicians
Meet Our Team
Brad Bokhaut, CPA
Brad Bokhaut, CPA
Brad Bokhaut has been assisting physicians with their financial management needs since 1998.
Brad understands that busy physicians have complex financial and tax affairs and appreciate the services of a Chief Financial Officer – someone with the expertise to coordinate all their financial needs.
He has well established relationships with other professionals – lawyers, bankers, financial advisors, insurance representatives and others who also have significant experience servicing physicians, and accounting staff at various hospitals and medical clinics, and communicates with them directly.
Brad has been quoted in CMAJ and has delivered presentations on taxation issues for Doctors Manitoba, MD Management, Law Society of Manitoba, PARIM, Manitoba Clinic Management Group and various investment advisory firms.
Lainey Bokhaut, CPA
Lainey has been working with Physicians in all stages of practice since 2016.
She often works with new to practice physicians, helping them navigate the path through incorporation, debt repayment and financial literacy.
Lainey is passionate about teaching; she is a recurring lecturer for the Canadian Medical Association, providing bi-annual seminars to the resident physicians of the University of Manitoba and the University of Saskatchewan.
Lainey is in her final year of the CPA In-Depth Tax Program, which is the most comprehensive tax education offered in Canada.
She also sits on the Board of the Jewish Foundation, and coaches the Entrepreneurship team at Asper School of Business.
Lainey Bokhaut, CPA
Lainey Bokhaut, CPA
Lainey advises medical residents on financial management and helps them to build a foundation of financial literacy. She also works with practicing physicians, their medical corporations, and medical clinics.
Lainey teaches financial and taxation literacy to resident physicians of the University of Manitoba as part of the CMA Practice Management Curriculum.
Lainey sits on the Board and Audit Committee of the Jewish Foundation. She also coaches the Entrepreneurship team at Asper School of Business.
What Our Clients Think
Blogs
Financial Considerations of Buying a Home
There is a lot to think about when you buy your first home. What colour should you paint the living room? What should the extra bedroom be used for? A home office? A gym? Or maybe a nursery? Outside of aspirational objectives, there are many practical matters...
Fall Economic Update 2022 – A 5 Minute Summary of the Relevant Provisions for Physicians
Overall Analysis: New details were scarce in the 2022 Fall Economic Statement; for the most part, the Honorable Chrystia Freeland provided more detail on the 2022 Budget Proposals. In summary, the provisions most relevant for physicians were as follows: PROPOSAL:...
Moving Expenses: When are they deductible for physicians?
Are you a physician who moved in 2022, or are considering a move in 2023? If so, your moving expenses may be deductible for tax purposes. Are you eligible to claim moving expenses? To claim moving expenses, you must meet the following criteria outlined by CRA: One...
Connect With Us
Phone: (204) 947-1962
Fax: (204) 942-6061
Suite 2420 – 201 Portage Avenue, Winnipeg, Manitoba R3B 3K6
Email: reception@bokhaut.ca
Free Parking
We offer free parking for our clients on the 2nd floor of the parkade located on 35 Albert Street. Please park in one of the available spots below the third floor and provide the receptionist your license number to validate your parking.