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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 ...

What to know when buying a pharmacy

Buying a pharmacy can be a solid investment if properly done. The combined market size of Canada’s nearly 14,000 pharmacies amounts to $47 billion, with profits stable over the last few years. While investing in this type of business can be lucrative, the buying process is a long and complicated one. In part 2 ...

How to navigate the ins and outs of selling a pharmacy

Canada’s pharmaceutical industry is both strong and relatively small, with about 14,000 pharmacies and drug stores throughout the country.  In part 1 of our 2 part series, we explore the dos and don’ts of selling your pharmacy. Selling a pharmacy is more complicated than most business sales, mainly because the market is smaller, as ...

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 ...

Ontario tweaks Business Corporations Act, making it more business-friendly

This summer, two small but important amendments to the Business Corporations Act (Ontario) came into effect. These amendments eased restrictions on governance so that Ontario businesses can operate more efficiently, ensuring consistency with other Canadian jurisdictions.   Effective July 5, 2021, the new amendments also reduced approval thresholds for written shareholder resolutions and led to ...