Dentists

Accounting & Tax Services for Dentists and Dental Practices in Ontario

Manage Your Dental Corporation. Secure Your Wealth. Keep Your Practice Thriving.

As a busy dentist in Ontario, your time is valuable and best spent on patient care, not deciphering complex corporate tax forms or worrying about a CRA audit. The financial life of a dental professional involves significant investments in equipment, staffing, and often the challenge of managing both clinical and corporate demands.

Our expertise is focused on the unique challenges faced by dentists operating in a Dental Professional Corporation (DPC) from practice acquisition and equipment financing to maximizing your tax deferral and protecting your assets from the Canada Revenue Agency (CRA).

Protect Your Investment: Focused CRA Defence

A dental practice represents a substantial financial investment. Protect that investment by ensuring your corporate finances are audit-proof. The CRA knows that DPCs have complex expense structures, making them frequent targets for review, especially concerning large capital purchases and personal expense claims.

How We Provide Peace of Mind and CRA Protection:

Capital Cost Allowance (CCA) Strategy: Dental equipment is expensive and has a significant write-down value. We track and calculate your CCA on expensive items like digital X-ray machines, CAD/CAM systems, and office renovations to maximize the tax benefit, ensuring compliance with CCA rules—a common area of CRA scrutiny.

Preventing Practice-Related Triggers We provide strict guidance on deductible expenses, ensuring claims for continuing education, professional dues, uniforms, and lab fees are documented and compliant, preventing red flags during an audit.

Shareholder Loan Management: We provide bookkeeping for any funds flowing between you (the shareholder) and your DPC, ensuring shareholder loans are properly managed and repaid on time to avoid adverse tax consequences (S. 15(2) deemed benefit).

Full Audit Representation: Should the CRA call, we step in immediately as your authorized representative. We handle all inquiries, documentation, and communication, providing a professional and experienced layer of defense.

Practice & Personal Tax Optimization: Maximizing Cash Flow

For dentists, tax planning must integrate the high costs of running a clinic with personal wealth-building goals. We implement strategic tax structures that reduce your overall liability and accelerate your wealth creation.

Corporate Tax Deferral Access the Small Business Deduction to pay the low corporate rate (approx. 12.2% in Ontario) on active business income, allowing you to defer personal taxes. Proper use of the DPC structure to retain and reinvest earnings in the practice or personal portfolio. 

Practice Acquisition & Exit Planning Structure the purchase or sale of a practice to minimize tax liability for both the buyer and seller. Utilizing the Capital Gains Exemption on the sale of shares in a Qualified Small Business Corporation (QSBC) where applicable. |

Efficient Payroll & Dividend Mix  Determine the optimal blend of salary (T4) and dividends paid from your DPC to you (the shareholder) to minimize combined corporate and personal taxes. 

Health & Wellness Plans (HSA/PHSP) Pay for personal, family health and dental expenses with pre-tax corporate dollars using a compliant Private Health Services Plan (PHSP) to turn personal expenses into tax-deductible corporate expenses.

Your practice is your greatest asset. We provide the specialized financial stewardship it requires to thrive, grow, and secure your retirement. Let us handle the complex numbers so you can focus on providing exceptional dental care.