I have blogged extensively about how dentists can qualify for the lifetime capital gains exemption in this blog. I’ve blogged about certain nuances here (dealing…
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Quietly, and without much notice, the Ontario government amended both the Regulated Health Professions Act, 1991 (the “RHPA”) and the Business Corporations Act (the “OBCA”). …
There are various reasons why an Ontario dentist needs to dissolve their Ontario registered dentistry professional corporation. Perhaps the dentist is moving to practice dentistry…
We are asked quite frequently about the process of setting up a professional corporation, how long it takes, how much it costs, etc. This blog…
Income Splitting Shares are important for paying fewer taxes. Basically, they are shares that your professional corporation can give to you (the dentist), or your…
Every now and then we hear a case involving a dentist getting into trouble. Here’s one such case that centred around the deductibility of management…
In a previous blog, I discussed the situation of a dentist who personally owned real estate but wanted to transfer it to a corporation to…
So you’ve done the smart thing and formed a dentistry professional corporation to reap the tax benefits (and certain limitations of liability benefits). Your lawyer…
So you’ve heard that it might be a good idea to incorporate your dental practice. What are the pros and cons, you ask? Pro: 15.5%…
So here’s the situation: you are a dentist and you want to sell shares of your dentistry professional corporation. The thing is that you don’t…