Building wealth is not the result of making more or having a financial whiz on your team. It is the result of spending more of your time to reach your financial goals. If your most important goal is to pay off the mortgage, or save for retirement, … [Read more...]
Just for Dentists Newsletters
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Sep, 2019 Preparing Your Practice for Sale – Part 2
September 4, 2019 by
1. Upgrade your office and technology. Does your clinic have a worn-out look and old technology? You do not need to make any large capital expenditures such as purchasing new dental chairs or cabinetry. Remember the adage “you will never get a … [Read more...]
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Aug, 2019 Preparing Your Practice for Sale – Part 1
August 19, 2019 by
If you want to maximize the sales proceeds from your dental practice, there are a number of steps you should take well in advance of the actual sale date. 1. Ensure you Qualify for the Lifetime Capital Gains Exemption. One of the first steps in … [Read more...]
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Aug, 2019 Distributing Your Estate Assets Fairly
August 6, 2019 by
Most of us have a cavalier attitude about preparing our last will. We seldom set aside the time such an important document deserves to address the unique circumstances of our family, practice, and financial lives. Your lawyer may, as a reward for … [Read more...]
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Aug, 2019 Ready to Sell? Maybe Not…
August 6, 2019 by
One of the first steps in properly planning the sale of your practice is to secure the benefit of receiving the sales proceeds tax-free. You want to make sure that the sale of the shares qualifies for the Lifetime Capital Gains Exemption … [Read more...]
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Jul, 2019 A Simple Strategy to Boost Your Investment Returns
July 24, 2019 by
Most investors have a diversified portfolio consisting primarily of a mix of shares and bonds. One investor shared his strategy with the Globe and Mail’s finance columnist, Rob Carrick, the other day. It is worth repeating because it is both … [Read more...]
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Jul, 2019 Being a Landlord – Tax Planning Tips
July 24, 2019 by
With the drop in prices of residential real estate and the glut of condos on the market, particularly in the Lower Mainland, a few clients have started bargain hunting for a condo to purchase and rent out. Here some tax planning tips: Use … [Read more...]
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Jul, 2019 Tax planning on separation and divorce – in a nutshell
July 11, 2019 by
When you are going through a separation or divorce, income tax issues will likely not be top of mind. Good tax planning, however, before and during the separation can generate significant tax savings and help preserve your assets. Support … [Read more...]
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Jul, 2019 Manage Energy, not Time
July 11, 2019 by
The number of hours in a day is fixed, but the quantity and quality of energy available to us is not. This fundamental insight is the main theme in the book “The Power of Full Engagement” by Jim Loehr and Tony Schwartz. The … [Read more...]
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Jun, 2019 Four Major Obstacles to Practice Success
June 26, 2019 by
No matter how talented you are or how many hours you spend in your practice, you will never reach the pinnacle of practice success if you are suffering from any of these afflictions: Super Inflated Ego. Being enamoured of your own … [Read more...]
