8 Reasons Why Dental Practice Owners Should Stop Contributing to RRSPs, Do This Instead…

Dental practice owner reviewing RRSP graph on tablet

It’s RRSP season, the deadline of March 1, 2019 is quickly approaching! While many Dental Practice owners will make last-minute contributions, this might be your last. Many are not aware that there are far better and faster ways to save for retirement than an RRSP. Do you want to retire in your 50’s without having to … Read more

How Dentists Can Save $4,340 in Tax Every Year

Busy three lane motorway at dusk

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, … Read more

Save for your Retirement inside your Corporation Tax Free

Young mother and father holding hands with their daughter on the beach

How to Still Save for your Retirement in your Corporation Tax Free What’s the most tax-efficient way to save for retirement and access those funds in your leisure years for a dentist?  Many would say Registered Retirement Savings Plans or a Pension Plan. RRSP’s are certainly an efficient way to reduce your personal taxes as contributions are … Read more