Tax Savings Using Your Car

Find an average of $4,340 in tax savings per year on your car. 

Most dentists use their car for business.

Whether it is…

…associates driving to multiple practices

…practice owners driving to their multiple practices

…driving to dental conferences

…driving to attend CE courses

…driving to visit your professionals (accountant, lawyer, etc.)

…the list goes on

You’re Missing out on Tax Savings

But the reality is, most dentists…

…don’t track the mileage driven

…don’t organize car expenses

…don’t know what classifies as a valid business trip

So the years go by and expenses don’t get properly tracked.

Which equates to $4,340 in EXTRA tax paid every single year on average.

Over the next 5 years, that is $21,700 in extra tax paid to the CRA when it should have stayed in your pocket.

Yet many don’t even know.

Some don’t care.

For those who don’t care, you must be on a beach somewhere in the world reading this because you have too much money and don’t know what to do with it all.

OR

For those who do care, you know it’s time to take action.

Either way, there is money to be saved.

So if we’re done making excuses.

And serious about keeping more of what you earn.

Let’s talk.

– Ricardo

Related articles

CEBA Loan Q&A For Dentists

Effective April 9, 2020 the application for Canada Emergency Business Account (CEBA) became available and practices have the ability to apply for Government relief online.

Read More