Articles

2026 Tax Changes Affecting Canadian Dentists

The 2026 tax year introduces several key adjustments that could meaningfully influence the financial performance of your dental practice. From capital gains and corporate tax planning to equipment depreciation and payroll obligations, these updates affect how you invest, compensate yourself, and plan for long-term growth. Understanding the changes ahead gives you the advantage — allowing you to make strategic decisions, protect profitability, and stay ahead of potential tax pressures. Capital Gains Rules: What to Watch Going Forward The federal government’s previously proposed increase to the capital gains inclusion rate has

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Financial Metrics Every Dental Practice Should Track

Running a successful dental practice requires more than clinical excellence — it demands financial awareness. You need clear visibility into your practice’s performance to make informed decisions, spot problems early, and identify growth opportunities. Tracking the right financial metrics every month provides this clarity. Instead of waiting until year-end to review your finances, monthly monitoring allows you to course-correct quickly and maintain healthy cash flow.  Production vs. Collections Your production represents the total value of services you’ve provided, while collections show what you’ve actually received in payment. This distinction matters

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Professional dentist standing confidently in modern dental clinic

Buying vs. Starting a Dental Practice: Financial Comparison

For Canadian dentists transitioning from associate to practice owner, choosing between purchasing an existing practice or starting fresh represents a critical financial decision. Both paths lead to ownership, but the financial implications, timelines, and risks differ dramatically. Understanding these differences helps you make an informed choice aligned with your goals. Initial Investment Comparison Starting a dental practice from scratch in Canada typically requires $500,000 to $1,000,000. Equipment consumes 40–45% of this budget at $200,000 to $400,000, while leasehold improvements add $150,000 to $300,000. Technology, supplies, professional fees, marketing, and working

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Canadian tax forms with calculator and dollar bills preparation

Year-End Tax Planning for Dental Practices: 10-Week Countdown Guide

Year-end tax planning can have a major impact on your dental practice’s financial health. Starting early gives you time to make strategic decisions that can reduce your tax burden and strengthen your bottom line. When you prepare in advance, you can take full advantage of deductions, optimize cash flow, and make smart investments before the year closes. The result is a smoother tax season and greater confidence in your financial position. Whether you operate a solo dental practice or oversee multiple locations, proactive planning now means fewer surprises and more

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Professional business accounting documents and financial calculations on desk

Dental Practice Bookkeeping: Systems for Success

You want clean books, timely insights, and fewer surprises. You also want a system that runs without you chasing paperwork. This guide shows you how to set up dental practice bookkeeping systems for success. You will define roles, build controls, use the right tech, and standardize routines that protect cash and support growth. The steps are practical and easy to follow. They work for solo practices and multi-location groups. Set Roles, Internal Controls, And Workflow Segregation of Duties Across Front Desk, Manager, Bookkeeper, and CPA Start by deciding who does

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