Taxes Archives - Oral Health Group

7 Smart Strategies for Dentists to Pay Less Tax in Retirement

Retirement is when you want to spend more time enjoying life than worrying about taxes. That’s why it is important to have the right tax … more

Dreaming of Selling? Tax Planning Realities Might Wake You Up

Dental practice values are back up. Everyone’s hounding you to sell. Maybe you’re tired of the daily grind of running a dental practice – especially … 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

The Next Federal Budget Could be a Dentist’s Tax Nightmare: Use it or Potentially Lose it

Covid has resulted in many costly and some argue necessary government programs. Pundits suggest the top 1%, including dentists, will end up paying for these … more

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

Year-End Tax Tips To Avoid Tax Headaches In The New Year

It’s that time of year to get in some late minute tax planning before it’s too late. Here are our ten tips for a tax-friendly … more

5 Burning Questions For Dental Students & Associates

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 … more

Former Cambridge Dental Business President Fined $230,000 For Tax Evasion

The president of a Cambridge dental supply business took over $400,000 from the company to pay for maid services, landscaping and cottage renovations, a court … more