View Print Edition
View Digital Edition
View Digital Edition
Topic
Finances
Client Retention Takes Centre Stage Amid Market Uncertainty
by Tim Dawson, CPA, CAWith rising interest rates, a stagnating economy, significant tax rule changes for professional corporations and increased revenue pressures, 2018 was another low point in a string of troublesome years for Canadian dental practitioners. No single event more clearly echoed the…
Investing To Maximize Your Sales Value
by Shawn Peers, Dental PeersThere comes a time in the life of every dentist/owner when the moment to sell their practice is upon them. It can be a difficult decision. Your practice is “your baby”…your life’s work. For most, it will be their most…
Preparation is Key to Achieve Your Retirement Goals
by Lana SanicharBeep beep beep. You reach over and push the snooze button. Beep beep beep. This time you reach over and slap it. When you wake up half an hour later, you realize that you’re late for work! Panic sets in.…
April Tax Woes and the Path Forward
by Nick Korhonen, MNPApril is here – and so is tax time. It’s when we’re all reminded of our civic duty to contribute to society through taxes, which often leaves our wallets feeling a little lighter as we pass the April 30 tax…
Preventing Retirement Income Decay Like You Prevent Tooth Decay: The Personal Pension Plan
by Jean-Pierre A. Laporte, BA, MA, JD; Yaron Orgil, CIMA®, FCSI®The business community, including dental professionals and other incorporated professionals were shocked by the tax measures introduced on July 18, 2017 by the Federal Government. The package of reforms aimed at closing perceived loopholes relating to Canadian Controlled Private Corporations…
Good News for Dentists: 2018 Economic Outlook
by DCY Professional Corporation Chartered Professional AccountantsTax and Business Measures Federal Accelerated Investment Incentive – Dentists will be allowed to write-off capital assets (i.e. equipment, leaseholds, computers, software etc.) faster for purchases made after November 20, 2018. Provincial Proposed new Low-Income Individuals and Families Tax Credit…
Investment Rules for a Successful Retirement
by Dr. Wilson Chen, BSc., DDS, CFP, FMAWe are still in the first quarter of 2018 and already we’ve seen enough stomach churning volatility in the stock markets to last the whole year. The month of January was euphoric, with both the Canadian and US market indexes…
Are You Sabotaging Your Retirement?
by Dr. Wilson Chen, BSc., DDS, CFP, FMAHumans are emotional beings. They have survived and thrived through the centuries by trusting their gut instincts, regardless of the prevailing logic. These deep-rooted behaviours have helped in many instances but have also become a burden in important situations. The…
Investor Dentists™ and the Return on Investment (ROI)
by Timothy A. BrownOur firm was recently asked by a bank to measure the return on investment of an Investor Dentist™ acquisition. Specifically, they wanted to know the annualized Return on Investment (ROI) for the absentee owner (hands-off) dental practice investment model. This…
3 Factors to Consider When Buying a Practice
by Oral HealthAccount Manager, Eugene Chu, talking about buying a dental practice in this week’s Best Practices video. Eugene gives the 3 factors you MUST think about if you’re buying a dental practice. He’ll go into great detail about WHY Billing, Chart…
The 411 on Student Debt
by Oral HealthWilson Chen takes us through another video discussing student debt – something we’re all too familiar with. In this edition of Best Practices – Financial Management, we get a lesson in the stock market, and it could be a beneficial…
The 411 on Student Debt
by Oral HealthUnderstanding your student debt from dental school is one thing, but do you understand what to do with it? Wilson Chen takes this video to explain your options for handling your student debt. Watch last week’s Best Practices video: Top…
Top 2 Tips for Buying a Dental Practice
by Oral HealthIn this financial video, David Chong Yen, chartered accountant, talks about two of his biggest tips when buying a dental practice: 1. Synergy and 2. Realizing Value. His biggest advice: “Control risk.” Watch last week’s Best Practices video: 3 Keys…
3 Keys to a Successful Associateship
by Oral HealthPatient care shouldn’t be the only area of dentistry you concern yourself with. Financial management is a key factor to running a successful practice and seeing a thriving future. Eugene Chu goes through some important information you, as dentists, need…
Best Advice: David Chong Yen Talks Taxes
by Oral HealthDavid Chong Yen shares his best advice for dentists looking to run their practices without running low on cash. Fresh out of dentistry school? Watch “The 411 on Your Student Debt.”
5 Tips to Avoid Financial Stress
by Shen ChaoAre you a dentist suffering from financial stress? Want learn how to handle it better? As a dentist, everyone around you will know that you earn pretty well. What they might not know is that dentists, despite the notion that…
Finding the Perfect Financial Advisor (For You)
by Dr. Wilson Chen, BSc., DDS, CFP, FMAThere are over 9000 dentists practicing in Ontario. Each have built a loyal following of patients who think that she/he is the “perfect” dentist. Therefore, it can be a confusing exercise to choose a dentist that is right for you…
The Life of a 58-Year-Old Dentist
by Mark McNultyThere are many key milestones in a dentist’s practice and personal life. One such milestone for the average dentist I know occurs when you turn 58. It is the day you actually start living your retirement plan. That’s because the…
Three Steps to Improved Financial Health
by Oral HealthToday’s unpredictable, uncertain and rapidly changing world demands that more attention than ever be paid to you mental health, physical health and ”fiscal” health. Here are three steps you can follow to improve your fiscal health: 1. Responsibility – You…
If they can introduce value-based cancer care, is value-based dental care far behind?
by Kahaliah RichardsA recent article in the New England Journal of Medicine summarized various initiatives in the US to improve the delivery of cancer care by examining all procedures (including drugs) for: safety, effectiveness, patient-centeredness, timeliness, efficiency, and equity. The thrust of this…