If you are thinking about purchasing a practice, you must understand the real cost first! Sana Arshad, CEO and Founder of ADC CPA, walks through a practice purchase example so you can understand the importance of having a financial strategy and ownership plan. Subscribe to Oral Health’s weekly e-newsletter to have the latest episode delivered straight … Read more
A lawyer wouldn’t dream of giving away their time—so why do dentists keep doing it? Discover the overlooked strategy that makes every consultation count—and pay. A dentist and a lawyer were chatting at a party. Their conversation kept getting interrupted by people asking the dentist for free dental advice and describing their various ailments. After … Read more
Should you incorporate as a new dentist? Before you rush into incorporation, Sana Arshad, CEO and Founder of ADC CPA, shares what you NEED to know about debt, taxes, and costs involved. Subscribe to Oral Health’s weekly e-newsletter to have the latest episode delivered straight to your inbox every week!
One of the parts of our work we love most is educating dentists on the best practices for digital marketing. Done correctly, online marketing should be a revenue generating machine for your dental practice, not another cost centre that reduces your bottom line. While dental school gave you the tools to care for patients, it … Read more
Mark Carney confirmed that his government will not proceed with an increase to Canada’s capital gains tax. This has significant implications for dentists—both as business owners and as investors. Dentists often have dual exposure to capital gains—through their practice sales and their personal investment portfolios. A proposed increase would have added another layer of complexity to tax … Read more
Dentalcorp acquired 30 new dental practices last year, continuing its expansion as Canada’s largest corporate dental network, the company announced Friday in its 2024 financial and operating results. As of its third-quarter investor report in 2024, Dentalcorp owned 550 practices and was in the process of acquiring another 160 clinics. This adds to the total … Read more
Michael Carabash, lawyer with DMC, shares what you need to do in order to save money when selling your dental practice. Subscribe to Oral Health’s weekly e-newsletter to have the latest episode delivered straight to your inbox every week!
For many Canadian dentists, the ultimate goal goes beyond the practice – it’s about building wealth for a secure future. One of the most effective ways to achieve this is through real estate investing, a lucrative sector known for its wealth-generating potential. Here, we delve into five promising real estate investment strategies that can help … Read more
A dentist sells their dental practice for (hopefully big) money. A significant chapter of their life has ended, and another one has just begun. But now what? In this article, we look at what dentists may want to do if they did an ASSET sale – meaning their dentistry professional corporation (“corporation”) sold the dental-specific … Read more
Embarking on the journey to buy your first home as a dentist in Canada is an exciting milestone. This article aims to cover crucial aspects like down payment requirements and leveraging unique income programs tailored for dentists. Down Payment Requirements The minimum down payment varies based on the home’s purchase price. For homes priced: For … Read more
There are very few certainties now, but we can be certain of the typical things: death and taxes. What about our life insurance premiums? With more and more Canadians living longer, wouldn’t this mean mortality costs should decrease? Not necessarily, especially as we dig deeper into government debt. There may be more at play as … Read more
”Can you believe the year is almost over?” This is the question we always ask ourselves as we make our way to the final weeks of the year. And, of course, we wonder what the next year will have in store for us. Economically, we can certainly expect a bumpy ride. With total GDP falling … Read more
Dental offices in coping with Coronavirus, can expect many staff members to be off work for some period of time. The Record of Employment (ROE) will assist staff to apply for Employment Insurance (EI) benefits. Note that only staff members who are considered “employees” of the dental office (i.e. those who have CPP/EI premiums and … Read more
Preparing yourself and your finances for this turbulent time, created by Coronavirus, tumbling oil prices and stock markets, will help allay your fears and anxiety. Here are tips and strategies to help you weather the hurricane: 1) Protect/Enhance Cashflow During times of turmoil and crisis, it’s important to have cash. In these situations, you can … Read more
GAAP diluted EPS from continuing operations of $0.78, up 8.3% over prior-year GAAP diluted EPS from continuing operations Non-GAAP diluted EPS from continuing operations of $0.84, up 10.5% over prior-year non-GAAP diluted EPS from continuing operations Company provides 2019 GAAP diluted EPS from continuing operations guidance range representing year-over-year growth of 18% to 23%; affirms … Read more
Dr. Wilson Chen, BSc., DDS, CFP, FMA, weighs the pros and cons of various strategies and approaches to paying down the sizeable student debt accrued by recent graduates from dental college. Dr. Chen graduated from the University of Western Ontario in 1992 and, over the course of 20 years, built a successful family practice. Wilson is the … Read more