Insights
Starting a private dental practice in Canada can be extremely rewarding for dentists and dental hygienists. Not only does it provide them with the opportunity to make their own income, but also with the opportunity to be their own boss.
Dental practices play a critical role in maintaining people’s oral health and hygiene. Patients need to see dentists, but how can dentists earn more from their services?
In this blog, we will discuss the strategies that offer valuable profit potential for dental practices. Learn to increase your profit with these strategies.
The field of dentistry is competitive and your dental practice needs to stand out from the competition to be a success. If you’re just starting out or looking to grow your practice, we have some simple tips you can use to attract new patients, improve your practice management, and organize your finances with a little time and effort. There are dozens of successful revenue production strategies out there. These tips are meant to get you thinking and looking at where to start. Ultimately, try the strategies that appeal most to you, track their success, and incorporate them into your dental practice if you find they work.
On June 30th, 2021, the Canadian Government passed Bill C-208. This Bill allows share capital restructurings and inter-generational transfers within a family unit, which two notable anti-avoidance provisions can catch in the Income Tax Act (ITA), Sections 55 and 84.1.
As a dentist, you’ve worked hard establishing your practice, and you want to maximize your earnings, including saving on taxes.
Make sure your dental financial plan reaches your goals with our six-step process that guides you through the financial planning process.
Get answers to your questions about capital gains exemption and how to effectively multiply its outcome when factoring family members over the age of 18.
Your practice value is worth more than just numbers, it represents your life’s work. Your practice should always be in a maximum value position so you are prepared for planned or unexpected events that may occur at any point of your practice cycle/career.
It’s RRSP season, the deadline of March 1, 2019 is quickly approaching!
Congratulations on starting your own small business! Yes, that’s what your new dental practice is – a small business. Like any other small business, you have chosen a name, logo, hired staff members and found your perfect location. But once you open those doors for the first time you are in the next important stage of being a business owner; expediting lead generation to build your patient file. Which will ultimately lead to your business’ success.
Your practice value is worth more than just numbers, it represents your life’s work.
What to look for when transitioning employees between practice owners
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.
Are you a practice owner?
How to Still Save for your Retirement in your Corporation Tax Free
