Health care businesses of all sizes and specialties can benefit from Canada’s Scientific Research and Experimental Development (SR&ED) tax credit program, though many are deterred from applying due to the program’s complex application process and the many tax regulations governing Canada’s medical community. Health care businesses – such as clinics, bio-tech companies and research ...
Economic challenges facing pharmacies Before starting the process, it’s important to understand the economic issues you’ll be facing whether you’re buying or selling. They include: Soaring inflation. After hitting historic highs, Canada’s inflation rate cooled a bit in November 2022 at 6.8 per cent. This affects everything from rental prices to commercial stock (like ...
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 ...
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 ...
Unfortunately, moving your medical practice requires as much hoop-jumping as setting it up. When relocating, you have several options to choose from, each with different processes and considerations. Let’s dive right in: Option 1: Maintain both corporations Run two practices After moving and incorporating a new medical professional corporation, you can retain your existing ...
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 ...
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 ...
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 ...
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 ...
Running your own healthcare practice involves making many crucial decisions, including selecting the right accounting firm. An experienced accounting firm will give you the support and 1:1 attention you need, realizing that no two business owners and no two medical practices are the same. Today we’re going to examine the top 10 questions you ...