Just for Dentists Newsletters

For many dentists, the golden parachute at the end of their career is having the opportunity to sell the practice tax-free.  Structured correctly, the bigger the practice, the bigger the savings.  The largest tax savings are achieved by multiplying … [Read more...]

It can be a real challenge getting cash out of your dental corporation with dividend tax rates as high as 48%.  It’s never fun giving almost half of your practice cash flow to the CRA after you’ve made the draw from the dental corporation. For some … [Read more...]

Whether or not a dentist can claim back any GST paid on their expenses has been subject to a lot of back and forth in recent years.  The courts have ruled in seemingly contradictory ways on the topic, and as a result, the CRA has rescinded a … [Read more...]

The end of 2025 is near; however, there is still time for some tax planning tips for year-end tax savings! Trigger Capital Losses The markets were high in 2025, and you may have triggered capital gains in your personal non-registered investment … [Read more...]

Purchasing a dental practice is one of the biggest decisions a dentist will have in their career. We have seen dentists rush into purchasing a practice later realizing it was a mistake. Below is a sample of a due diligence checklist to ensure you get … [Read more...]

If you want to sell your practice for more than you ever imagined, it’s easy, just focus on the following transition planning checklist. Remember it is never too early to start. As the Chinese proverb says, “The best time to plant a tree was 20 years … [Read more...]

2024 was a year of uncertainty surrounding the potential increase of capital gain inclusion rates from 50% to 66.7%. Many clients were struggling with the decision of whether or not to trigger capital gains prior to the proposed June 25, 2024 … [Read more...]

Most dentists are familiar with the Tax on Split Income (“TOSI”) rules that limit the ability to split income with spouses or other family members. There are a few common exemptions where TOSI does not apply such as when the family member worked more … [Read more...]

The end of 2024 is near, however there is still time to take care of some tax planning items to ensure you don’t miss out on year-end tax savings! Capital Gain Loss Harvesting In previous years, a common tip was to consider selling any stocks … [Read more...]