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Buying vs. Starting a Dental Practice: Financial Comparison

December 11, 2025

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

November 27, 2025

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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Dental Practice Bookkeeping: Systems for Success

November 13, 2025

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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When to Incorporate as a Dental Associate in Ontario: A Decision Guide

October 31, 2025

Determining the right time to incorporate is a pivotal decision for dental associates in Ontario that influences both your financial strategies and legal protections. Incorporation means transitioning from working as an employee or independent contractor to operating through your own professional corporation. This structure can provide benefits such as limited liability, significant tax advantages, and enhanced financial planning opportunities. However, it also requires careful consideration of the challenges and requirements unique to Ontario dentists. Understanding Incorporation for Ontario Dental Associates Incorporation is the process of forming a legally recognized business

Financial Planning Timeline for New Dental Practice Owners

October 16, 2025

Starting your own dental practice is an exciting step, but it comes with financial challenges that require careful planning. A solid financial plan acts as a guide, helping you manage costs, forecast income, and make informed decisions. Without it, you risk overspending or missing key growth opportunities. Understanding the financial timeline is essential. From initial budgeting and securing funding to managing cash flow and planning for long-term goals, each step plays a role in your practice’s success. Knowing what to prioritize and when can reduce stress and keep your practice