If you are in the habit of checking your investment portfolio daily, you should find yourself a new hobby. Stop tinkering and your investment portfolio will grow that much faster. This conclusion was the result of a 10-year study of mutual fund … [Read more...]
Just for Dentists Newsletters
7
Jan, 2019 Why do Patients Choose Your Practice?
January 7, 2019 by
Why are some dental practices growing three times faster than other practices in the same community, are 50% more profitable, and yet spend less than the average on advertising and promotion? To find the answer to this question, Lee Frederiksen, … [Read more...]
7
Jan, 2019 The B.C. Speculation and Vacancy Tax (SVT) – What You Need to Know.
January 7, 2019 by
All owners of residential property in designated B.C. areas including corporate owners, partnerships and trustees, must make an annual declaration to report the residential property and either claim an exemption from the SVT or pay the tax. For … [Read more...]
17
Dec, 2018 Four Ways You Can Still Split Income
December 17, 2018 by
Over the last year we have been working with many dentists to minimize the drastic increase in personal taxes as a result of the Tax On Split Income (TOSI) rules. Here are four strategies that allow you to still income split with family members in … [Read more...]
17
Dec, 2018 Pay off Your Debts Quickly and Start Living
December 17, 2018 by
“Always live within your income, even if you have to borrow money to do so”. - Josh Billings Bank loans and mortgages are a fact of life for most of us, and dentists are no exception. Most young dentists start their career with no … [Read more...]
12
Dec, 2018 Making the Phone a Practice Builder
December 12, 2018 by
Many dentists don't realize how important it is to have the proper phone etiquette. It is hard to believe some offices still don’t staff phone lines during business hours, opting instead to shunt patients to voice mail. Others allow inexperienced … [Read more...]
3
Dec, 2018 Year-end tax planning checklist
December 3, 2018 by
There are only three weeks left until Dec. 31, and there is no better time than now to compile your annual checklist of tax saving strategies, designed to reduce your income tax bill for 2018. Convert dividends to capital gains. If you took … [Read more...]
3
Dec, 2018 Don’t let the CRA Grinch ruin your Christmas party
December 3, 2018 by
Before you uncork the Dom Perignon champagne to celebrate another successful year with your employees, you need to check the rules regarding taxable employment benefits for staff. Basically, CRA’s position is: “If you provide a free party or other … [Read more...]
19
Nov, 2018 Cash flow up, Stress down? Thank Pareto!
November 19, 2018 by
In 1906, the Italian economist Pareto astutely observed 20 per cent of the people owned 80 per cent of the country's wealth. The principle that 20 per cent of something is always responsible for 80 per cent of results is known as the Pareto … [Read more...]
19
Nov, 2018 Why you should give your practice a facelift
November 19, 2018 by
The layout of dental clinics has not changed much over the years. The design goal has always been to meet the needs of the dentist and staff in terms functionality, efficiency and comfort. The needs of the patient are not considered much past giving … [Read more...]
