You take care of your patients
We’ll take care of you
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 and medical corporations across Canada.
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
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
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
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 works with residents, attendings, medical corporations, and clinics.
She often works with new to practice physicians, guiding them through the path of debt repayment, incorporation, and financial literacy.
Lainey is a recurring lecturer for the Canadian Medical Association, providing bi-annual seminars to resident physicians of the University of Manitoba.
Lainey 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.
Our goal is to help you spend your leisure time with friends and family. Leave your financial affairs to us.
What Our Clients Think
Throughout my residency, Lainey has been my accountant and she has been nothing short of fantastic. Her firm sends an annual checklist which makes tax filing simple, and they are consistently available to address my questions. With the busyness of residency, it’s nice to have someone in your corner who takes the initiative to reach out and keep you compliant with all tax-related issues. I couldn't recommend Bokhaut more highly.
Daniel Kroft, Lead Pediatric Resident, PGY-3, MB
For over 25 years, Brad and Lainey have provided thorough and personalized accounting strategies for
our family, and the detailed explanations we need to make sense of it all.
During this time, Medicine has taken us across 3 Canadian provinces, New Zealand, and Australia. They smoothly managed all the different regulations so we could simply focus on our lives.
We sleep well putting our trust in their sound professional advice.
Halim Tomy and Zuzana Dankova
My practice is somewhat unique in that a significant portion of my income is derived from non-Manitoba health sources in both private industry and insurance medicine. I have always found Brad and his team to be very responsive my distinctive needs.
Brad has also provided me with insightful business advice with respect to a number of current and potential investment and business ventures related to my medical practice. Bokhaut has also been instrumental in structuring and conducting my business in the most tax efficient manner.
I highly recommend Brad and his team.
As physicians, we had never been involved in running a business prior to building our clinic. With grace and ease, Bokhaut guided us through every step. From scratch, they prepared a business plan to determine the viability of our project and the financing we would need to fund it. They then sourced a lender and negotiated a loan on our behalf. Bokhaut has extensive knowledge specific to the medical space and practical business acumen that makes their assistance invaluable. They walked us through all critical considerations related to opening a clinic – above and beyond what we were aware would be relevant. They are well-connected within the business community and have introduced us to various professionals with expertise in the physician space that has served our needs well. I have worked with Bokhaut proudly for over 12 years and refer my colleagues to them with the utmost confidence.
Abdalla Rizk, Seine River Medical Clinic
Prior to residency, I would prepare my own taxes. One day, I received a letter from the CRA about some irregularities in my previous returns. I made a big mess and didn’t know how I would correct the mistakes I made, but knew I needed a good accountant. After I began residency, I met with Lainey and without hesitation, I knew she was the right fit for me. She and her team worked tirelessly to fix the mistakes and resolve the discrepancies in a professional, competent and caring way. I even received money back! I am so glad I have her on my side going forward and I know that our money is in the best of hands.
I have complex accounting requirements relating to business and investments which extend beyond my practice as a physician. Bokhaut has filed all obligations on my behalf promptly, with ample time to accommodate for my own time constraints. Their staff are unfailingly professional and have been patient with my questions ranging from simple to esoteric. Importantly, the stress that comes with managing these matters has been largely alleviated for me. I would recommend Bokhaut without reservation.
As veterans of higher education, physicians often anticipate that their children will carry the torch of post-secondary learning. Physicians can optimize savings and tax on this future expenditure by contributing to a Registered Education Savings Plan (RESP), which...
Are you a physician that moved to Canada in the last year? If so, these are some things that you should know about filing your first Canadian Personal Tax Return: When are Canadian taxes due? Canadian personal taxes are calculated based on income earned between...
Personal tax season is upon us and as you gather your personal tax documents you may be wondering “How are my personal taxes calculated?”. How are Canadian Personal Taxes Calculated? Canadian taxes are based on a graduated rate system. This system can be thought of in...
Connect With Us
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.