Tax Saving and Planning To Do’s Before 2024

Saving taxes involve planning and taking action before the tax savings window closes. Trying to save taxes when completing your personal or corporate tax returns … more

Episode 3: Tax Planning Tips

Newcom Media Inc · Episode 3 – Tax Planning Tips Subscribe: Read the audio transcript below: Dr. Luisa Schuldt (LS): Welcome to Brush Up, brought … more

Tax Court Win Means Dentists Can Qualify for HST Refunds

A recent tax court victory for the Davis Dentistry Professional Corporation case has paved the way for dentists and orthodontists to qualify for HST refunds. … more

Tax Deductions, Breaks and Planning in the COVID-19 Era

Tax Deductions, Breaks and Planning in the COVID-19 Era

COVID has fundamentally changed how we live and how businesses operate. It has taught us the importance of being resilient and to look for opportunities … more

Tax Deferral Options on Sale of a Practice

An important consideration during the sale of a practice is the amount of taxes arising from realizing a capital gain – the underlying asset primarily … more

Claiming Car and Home Office Expenses in the COVID-19 Era

In the past, our clients have frequently enquired about claiming tax deductions for car expenses and home office expenses. Let’s review how the COVID-19 pandemic … more

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

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

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