It is a common complaint that we pay too much tax in Canada, so it’s no surprise there is great interest in using techniques that ease the tax burden for our families. We recognize that CRA’s primary objective is to collect as much tax as possible, but as individuals, we are permitted to structure our … Read more
It seems that every industry eventually goes through a period of very rapid change, and this is especially true for dentistry in the last couple of years. Dental practitioners have had to face the challenges of a global pandemic and the subsequent regulatory modifications, staff shortages, decisions about whether to remain an owner-operator or sell … Read more
The sale price of dental practices has been on the rise over the past twenty years. While there are many methods for assessing the price of a practice, some common metrics include using gross revenue (often 150% to 200%) or a multiple of earnings (often 6x – 8x) to determine a value. Note: These general … Read more
As a dentist, it’s very important to choose a financial management team who understands the intricate details of running a dental practice, and all the challenges that come with it. Ideally, the professionals managing your finances will have valuable experience in piecing together all the moving parts of a dental practice, selling a practice, and … Read more
Episode 6 of 6 For most dentists, the sale of their practice will probably be the single largest financial transaction of their professional lives. And, the most complex because of the numerous tax, legal and emotional aspects involved, in addition to the financial ones. The decisions taken at this crucial time will have life-long ramifications. … Read more
Episode 5 of 6 For most dentists, the sale of their practice will probably be the single largest financial transaction of their professional lives. And, the most complex because of the numerous tax, legal and emotional aspects involved, in addition to the financial ones. The decisions taken at this crucial time will have life-long ramifications. … Read more
Episode 4 of 6 For most dentists, the sale of their practice will probably be the single largest financial transaction of their professional lives. And, the most complex because of the numerous tax, legal and emotional aspects involved, in addition to the financial ones. The decisions taken at this crucial time will have life-long ramifications. … Read more
Episode 3 of 6 – Stive and Chris point out some of the concerns of dental practice buyers For most dentists, the sale of their practice will probably be the single largest financial transaction of their professional lives. And, the most complex because of the numerous tax, legal and emotional aspects involved, in addition to … Read more
Episode 2 of 6 – Stive and Chris chat with Dr. Diston about some of the drivers of practice valuation. For most dentists, the sale of their practice will probably be the single largest financial transaction of their professional lives. And, the most complex because of the numerous tax, legal and emotional aspects involved, in … Read more
Episode 1 of 6: Stive and Chris chat with Dr. Diston about recognizing the need to plan and prepare adequately and in advance of a dental practice sale. For most dentists, the sale of their practice will probably be the single largest financial transaction of their professional lives. And, the most complex because of the … Read more
The TMFD Financial team spoke with the Oral Health Group about the financial services they offer to ease the lives of dentists from graduation to retirement. Visit their website for more information and to set up a free consolation.