Father lifts young daughter above his head in shadows at sunset

How to Keep More Money In Your Pocket

Dental Tax August 5, 2020

Let’s keep more of what you earn Corporate Estate Bond Strategy: With the new tax changes that have been implemented by our Liberal Government, we need to explore new avenues to defer or even eliminate tax so we can retire comfortably and then pass along the rest tax free to our loved ones. Like many dentists, you’ve worked hard and saved for retirement. You find that you’ve got far more set aside than you and your spouse require. Your thoughts now turn to maximizing your estate for your children and

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

Save for your Retirement inside your Corporation Tax Free

Dental Tax August 5, 2020

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 deductible from your income, and they have the ability to grow your savings on a tax deferred basis, but their usefulness for business owners earning a high income is limited. Registered plans work well for two

Passenger on crowded subway reviewing Individual Pension Plan on phone

Save Over $800,000 Inside an Individual Pension Plan (IPP) vs. RRSP

Dental Tax August 5, 2020

Are you a practice owner? If so, then this article is for you. Practice owners don’t have the opportunity to participate in a group pension plan like staff at other companies do. Don’t be sad, though, because this article is for you: a pension plan customized to you, the owner. Think of a group pension plan as an off-the-rack suit. Sure, it looks great and fits OK but doesn’t quite have exactly what an Individual Pension Plan (IPP) is: a bespoke pension plan. What is an Individual Pension Plan? Considered