Practice to Prosperity
What all Canadian dentists need to know
A comprehensive financial guide for dentists at every stage of their career - from managing student debt to maximizing your Lifetime Capital Gains Exemption.
Whether you're a new graduate, practice owner, or planning your exit, this book shows you how to build lasting wealth while honouring your commitment to patient care.
Who This Book Is For
New Graduates
Managing $250,000+ student debt while building your financial foundation
Associates
Maximizing income and preparing for practice ownership
Practice Owners
Optimizing tax strategies, KPIs, and team management
Entrepreneurs
Scaling from single practice to multi-location enterprise
Pre-Retirement
Planning your exit strategy and maximizing LCGE
The Journey to Prosperity
A comprehensive roadmap covering every stage of your dental career
The Foundation
- The New Graduate - Navigating Debt and Building Your Financial Base
- The Associate Years - Maximizing Income and Structuring for Success
The Practice Owner
- The Leap to Ownership - Acquiring Your First Practice
- The Incorporated Practice - Your Financial Hub for Tax and Wealth
- The Profitable Practice - KPIs, Overhead, and Team Management
The Entrepreneur
- Scaling Your Vision - From Single Practice to Multi-Location
- DSO Partnerships and Strategic Growth Opportunities
The Exit
- The Strategic Sale - Maximizing Value and Your LCGE
- The Family Transition - Succession Planning and Estate Freezes
The Legacy
- Retirement Planning - IPPs, Corporate Investments, and Lifestyle
- Insurance Strategies for Dentists - Beyond the Basics
- Building Your Professional Team - The Key to Lifelong Success
What You'll Learn Inside
All the answers to your most pressing financial questions - in one comprehensive guide
Structure Your Finances at Every Stage
Get stage-specific strategies for new graduates, associates, practice owners, and those planning their exit.
Legally Reduce Taxes & Protect Income
Master corporate structures, holding companies, and tax-efficient wealth extraction strategies.
Build Wealth Inside & Outside Your Corporation
Learn how to optimize your professional corporation while building personal wealth simultaneously.
Avoid Costly Mistakes Dentists Commonly Make
Sidestep the financial pitfalls that can derail even the most successful practices.
Transition From Clinician to Business Owner
Navigate the shift from practicing dentistry to running a profitable dental business.
Exit Your Practice With Clarity & Confidence
Plan your succession, maximize your LCGE, and ensure a smooth transition.
"I have seen too many dentists who are so focused on their patients that they neglect their own financial health. They are experts in their field, but they are often novices when it comes to the world of finance. This book is my attempt to change that."
About the Author
Sim Gakhar
CHS, EPC, CEA, MFA-P, RWM, FEA, DMA
My approach to financial planning is centered on building lasting relationships with my clients. I believe in taking the time to truly understand your unique financial situation, goals, and dreams. This personalized approach allows me to create customized strategies that not only meet your current needs but also adapt to your evolving circumstances.
With extensive education and multiple professional designations, including being a member of the Million Dollar Round Table (MDRT), I bring both expertise and dedication to every client relationship. As the 2023 MDRT Country Chair for Canada, I've had the privilege of leading and learning from the best in our industry.
I'm proud to be an active member of professional organizations including Advocis and CALU. Beyond my practice, I'm passionate about giving back to the financial services community through speaking engagements, mentoring, and sharing insights that help other professionals serve their clients better.
Dedication
This book is dedicated to Mr. J.C. Vohra - a father whose wisdom, values, and unwavering belief in education shaped everything that followed.
"The greatest inheritance is not wealth, but wisdom."
