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…
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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…
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Here are 4 ways that having a Will can save you money... 1: Dual Wills Let's start off with a biggie: if you have a…
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So here's the situation: a dentist is selling assets of a dental practice and asks "What about HST?" Well, we start off with section 167(1)…
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In an asset sale, I blogged about what happens to the employees here. Essentially, under the Employment Standards Act, 2000, unless the purchaser waits 13…
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So you've heard that you can income split with children by having them perform administrative duties and paying them a salary? Yes, it's true. But…
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On occasion, a dental supplier (be it K-Dental, Henry Schein, Patterson, Sinclair, etc.) will offer rebates to dentists. It's not uncommon to see rebates as…
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Here's the situation. You're a dentist. You have a spouse. You also have a dentistry professional corporation. You want to have multiple practices, each one…
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In this blog, I'm going to tackle a pretty tax-heavy topic: price adjustment clauses. You see these clauses in documents whenever a dentist is attempting…
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What dentist wouldn't want to combine getting continuing education courses, traveling somewhere exotic, and expensing the whole thing for tax purposes? The dentist taxpayer believes…
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