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Covering your bases – A guide to buying or selling a dental practice

Whether you’re fresh out of dental school preparing to buy a clinic or a seasoned professional ready to sell, the process of buying or selling a dental practice is a long and often meticulous one. From deciding what type of sale you’re interested in to ensuring you’re structured properly for tax purposes, there are many ...

Important Medical Practice Accounting Milestones

Navigating the ins and outs of a medical practice can be complicated and overwhelming. The first step to any healthcare business is finding a trusted financial and legal team that can help you establish and run your practice. Here’s a snapshot of what you’ll need to know from start to finish – literally. From ...

How to launch your first healthcare practice

Now that medical school is behind you and you’re ready to begin your career, starting your own healthcare practice may look appealing. And there’s good reason for that. Startups in the health and education industry are known to have an approximate 56% success rate – the highest of any industry. Not only does running ...

New estate law protects Ontarians’ wills after remarriage

Estate law reformers in Ontario are celebrating a major milestone. As of January 1, 2022, new legislation came into effect that – amongst many other changes – says existing wills can no longer be revoked due to marriage. These changes are an important reminder that just because a will has been completed, doesn’t mean ...

What the Rogers family drama can teach us about succession planning

The Rogers family drama has been  captivating. The whole country watched it play out in the fall of 2021, when Edward Rogers tried to fire Rogers CEO Joe Natale. This move wasn’t a popular one with the board or Edward’s own family, as his mother, two sisters and other board members blocked the firing ...

More comprehensive reporting requirements coming for Canadian trusts

Revised as of January 14, 2022 The Canadian Government is preparing to implement changes to the reporting requirements for Canadian resident and non-resident trusts deemed resident in Canada. Though these changes were announced in the 2018 Federal Budget and were initially expected to come into effect on December 31, 2021, the Canada Revenue Agency ...

How Bill C-208 will ease the tax burden on family business

Family business is the backbone of the Canadian economy. When a family business is passed down to the next generation, we see so many positive ripple effects in the economy: A new entrepreneur is given the opportunity to succeed  New jobs are created  Industry advancements are made Loyal customers maintain a trusted partner Communities ...

Executor and beneficiary: Know your role

When a person passes away, there are several important duties to be performed in order to fully carry out their financial wishes. Simply having a will isn’t enough to make sure that an estate is divided according to an accurate depiction of the deceased’s instructions. An executor must carry out a number of responsibilities ...