Dental Tax

01/14/2026

⚠️ COMMON vs PREFERRED shares - this matters when selling your practice!

Just presented to Roy Corp brokers. Key takeaway: Back in 2018, many practices were set up with preferred shares - but those DON'T participate in growth!

Even if your accountant says "you're good" and your spouse/kids are shareholders, check your actual shareholder registry. If they're preferred shareholders, you won't maximize your capital gains exemption.

That could cost you hundreds of thousands!

📖 Read more: https://dentaltax.ca/blog/

Book your FREE consultation at dentaltax.ca!

01/07/2026

ODA Symposium insights: Don't rush into incorporation! ⚡

Great event at the Delta Hotel (World Series timing made it even better!). Met many young dentists asking about incorporation.
Our advice: Don't jump too quickly!

Even at $300K income, if money's going out (student debt, house, living expenses), incorporation might not make sense yet. Real costs are involved, and everyone's situation is unique.

We need to know:
✅ Your financial goals
✅ Your objectives
✅ What you're trying to achieve

Then we help you decide the RIGHT time AND set up the structure properly.

📖 Read more: https://dentaltax.ca/blog/

Book your FREE consultation at dentaltax.ca!

01/01/2026

🎉 Happy New Year from DentalTax! 🦷✨
As we welcome the new year, we want to thank our incredible dental clients and partners for trusting DentalTax – Accounting.

Here’s to:
-Smarter tax planning
-Stronger financial strategies
-More time focusing on your patients
-A healthier bottom line in the year ahead

We look forward to continuing to support dentists across Canada with tailored accounting, tax, and advisory services.

Wishing you a successful, prosperous, and stress-free year ahead! 🥂

— The DentalTax Team www.dentaltax.ca

12/30/2025

📢 Preparing to sell your practice? Check your shareholder structure NOW!

Just presented with Roy Corp - we keep seeing the same costly mistake: Dentists think their family shareholders are set up right, but when we check the registry and T2, they have the WRONG type of shares!

You need COMMON shareholders to maximize that $1.25M capital gains exemption per person. This mistake costs hundreds of thousands at closing.

Before you list, check your shareholder registry!

📖 Learn more: https://dentaltax.ca/blog/

Book your FREE consultation at dentaltax.ca today!

12/29/2025

💰 Wrong assumptions = thousands in unnecessary taxes!

Year-end is here. Biggest issue we see? Expenses coded as "personal" when they're actually business-related.

Real example: Dentist attends Align Technologies course in Barbados. Accountant sees "Barbados," assumes it's personal, throws it into shareholder account (taxable dividend) - when the corporation should have paid it!

Asking the right questions matters. We make sure legitimate business expenses are treated correctly.

📖 Learn more: https://dentaltax.ca/blog/

Book your FREE consultation at dentaltax.ca!

09/17/2025

09/03/2025

Have you heard of an Individual Pension Plan (IPP)? 🚀

Think of it as an RSP on steroids! Your corporation makes the contributions instead of you - but here's the key: you need to be on salary, not a dividend-only strategy.

If your family works in the clinic too, this becomes an even more powerful retirement tool. While other accountants stay reactive, we help you get proactive with strategies like this.

Most accountants miss tax planning ideas that could save you thousands. Don't be one of them.

📖 Discover more retirement strategies for dentists on our blog: https://dentaltax.ca/blog/

Book your free consultation at dentaltax.ca for personalized tax planning!

08/25/2025

⚠️ Is your dental practice corporate structure costing you hundreds of thousands?

Many dentists think their family are "shareholders" - but they might have the wrong type of shares!

The lifetime capital gains exemption allows up to $1.25 million in tax-free gains when selling qualifying business shares. But you need the RIGHT share structure to maximize this benefit for your family.

Corporate structure mistakes are leaving money on the table when it's time to sell.

📖 Learn more about optimizing your practice structure on our blog: https://dentaltax.ca/blog/

Ready to review your corporate setup? Book your FREE consultation at dentaltax.ca today!