COVID-19 Government Benefit – Update
We would like to provide you with an update on changes to the Canada Emergency Wage Subsidy (CEWS). The following changes are based on the … more
Finances
COVID-19 Offers Tax Savings Opportunities
UTILIZE TAX LOSSES Tax losses generally fall into two categories: non-capital losses and capital losses. Non-capital losses arise from normal business operations (i.e. where deductible … more
Three-Quarters of Dentists, Optometrists Worried About Financial Viability: CFIB
Private-sector health professionals such as dentists, optometrists and naturopaths have been hit hard by COVID-19 and remain deeply worried about the future of their businesses, … more
Addressing Financial Challenges as You Begin Re-establishing Your Dental Practice
While the COVID-19 pandemic had been keeping practices shuttered, dentistry is now re-opening in Canada. Many practice owners are worried about how restarting their practice … more
Government Help for Business Owners During Covid-19: A Summary
The federal government is rolling out a massive aid package for businesses affected by Covid-19, including billions in wage subsidies and credit. See the table … more
Dentists’ Tax Saving Tips & Strategies
1. Sharing is Caring/Saving Use family members in the tax savings game. Many dentists have a dentistry professional corporation (DPC). DPC’s if structured appropriately facilitate … more
Planning to Retire: The Most Important Planning of Your Life
1/3 The Experienced Dentist Pocketbook — A Three Part Series Dwight D. Eisenhower said, “In preparing for battle I have always found that plans are … more
Road Map To Being Debt-Free
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 … more
April Tax Woes and the Path Forward
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 … more
Investment Rules for a Successful Retirement
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 … more
Dentists in the Crosshairs of New Liberal Tax Announcements
The federal government has sent another warning shot to dentists and other professionals who have been using private corporations (PC) such as professional corporations/ hygiene … more
Building Dentists’ Wealth from TMFD Financial
Howard J Atkinson with Tax Matters for Dentists Financial spoke with Oral Health Group at the ODA’s ASM150 about their company, their services and how … more
Embezzlement – What Every Brilliant Clinician Should Know
You believe you have been blessed with the dream employee! This person has stood closely beside you for years, fighting for the success of your … more
Are You Sabotaging Your Retirement?
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 … more
Investor Dentists™ and the Return on Investment (ROI)
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 … more
3 Factors to Consider When Buying a Practice
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 … more
The 411 on Student Debt
Wilson Chen takes us through another video discussing student debt – something we’re all too familiar with. In this edition of Best Practices – Financial … more
The 411 on Student Debt
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 … more
Top 2 Tips for Buying a Dental Practice
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. … more
3 Keys to a Successful Associateship
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 … more