It is never too early to begin to prepare for the eventual sale of your practice. Begin straight away by ensuring you have the full $848,000 entitlement of capital gains exemption available to you when the time comes. If you expect the sales … [Read more...]
Just for Dentists Newsletters
5
Nov, 2018 Why you need debt to build wealth
November 5, 2018 by
Even if you hate being in debt, it’s impossible to live without it. So why not accept the fact that you are likely to be in debt throughout your career. There will be student loans and a home mortgage at the beginning, practice purchase loans at … [Read more...]
5
Nov, 2018 Navigating the new income splitting rules
November 5, 2018 by
Dentists are braced for a steep hike in personal taxes this year when they are no longer able to split income with family members the way they used to. On January 1, 2018, the “tax on split income” (TOSI) rules became effective. This severely … [Read more...]
5
Nov, 2018 Pay tax on only 50% of your practice income
November 5, 2018 by
No longer able to sprinkle company dividends among family members in the low tax bracket, many dentists are bracing themselves for a big hike in personal taxes on their dividend income from their corporations. There is a tax strategy that lets … [Read more...]
