Topic
Finances

October 31, 2019 Feature Dental FAQDental StudentsFinancesNew dentistsNew gradsOral Health

5 Burning Questions For Dental Students & Associates

by Melanie Langevin, CPA, CMA

Dental students and associates are a busy bunch. With long hours and a hectic schedule, figuring out your tax filings can slip down your priority list. This group typically asks about five topics: deductions against your income, moving expenses, impact…

October 31, 2019 Feature Dental StudentsFinancesNew dentistsNew gradsOral Health

Road Map To Being Debt-Free

by David Chong Yen, Louise Wong & Eugene Chu

Graduating from dental school can be bittersweet. You’ve climbed the mountain that is dental school and at the summit you find a taller mountain of debt and an avalanche of interest and bills to come. That’s the harsh reality for…

August 1, 2019 Feature FinancesOral Health OfficePractice management

Client Retention Takes Centre Stage Amid Market Uncertainty

by Tim Dawson, CPA, CA

With 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…

July 8, 2019 News BlogsDentistryFinancesGeneral PracticeOffice Management

Investing To Maximize Your Sales Value

by Shawn Peers, Dental Peers

There 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…

May 2, 2019 Feature FinancesOral Health OfficePractice managementPractice Management

Preparation is Key to Achieve Your Retirement Goals

by Lana Sanichar

Beep 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.…

March 31, 2019 Feature FinancesOral Health OfficePractice management

April Tax Woes and the Path Forward

by Nick Korhonen, MNP

April 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…

March 1, 2019 Feature FinancesOral Health Office

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…

January 3, 2019 Feature FinancesOral HealthPaediatric DentistryPractice management

Good News for Dentists: 2018 Economic Outlook

by DCY Professional Corporation Chartered Professional Accountants

Tax 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…

February 28, 2018 Feature FinancesOral Health Office

Investment Rules for a Successful Retirement

by Dr. Wilson Chen, BSc., DDS, CFP, FMA

We 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…

March 23, 2017 Feature Dental OfficeFinances

Are You Sabotaging Your Retirement?

by Dr. Wilson Chen, BSc., DDS, CFP, FMA

Humans 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…

March 23, 2017 Feature Dental OfficeFinances

Investor Dentists™ and the Return on Investment (ROI)

by Timothy A. Brown

Our 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…

March 14, 2017 Video FinancesPractice Operations

3 Factors to Consider When Buying a Practice

by Oral Health

Account 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…

March 7, 2017 Video DentalFinances

The 411 on Student Debt

by Oral Health

Wilson 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…

March 1, 2017 Video DentalFinances

The 411 on Student Debt

by Oral Health

Understanding 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…

February 21, 2017 Video FinancesPractice Operations

Top 2 Tips for Buying a Dental Practice

by Oral Health

In 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…

February 14, 2017 Video FinancesPractice Operations

3 Keys to a Successful Associateship

by Oral Health

Patient 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…

January 24, 2017 Video FinancesPractice Operations

Best Advice: David Chong Yen Talks Taxes

by Oral Health

David 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.”

December 5, 2016 News BlogsFinancesNew gradsPractice management

5 Tips to Avoid Financial Stress

by Shen Chao

Are 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…

November 1, 2016 Feature Dental OfficeFinancesGeneral Practice

Finding the Perfect Financial Advisor (For You)

by Dr. Wilson Chen, BSc., DDS, CFP, FMA

There 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…

November 1, 2016 Feature Dental OfficeDentistryFinancesGeneral Practice

The Life of a 58-Year-Old Dentist

by Mark McNulty

There 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…