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Drain Pain: The Hidden Risks of Uninsured Sewage Backups

There's growing evidence water and sewage backups is a problem across the nation. Sewage backups into residences have become the number one home insurance claim, ...

Work and Self-Worth: Redefining Identity Beyond the Dental Chair with Dr. Kiran Atwal

In January 2021, Dr. Kiran Atwal was thriving both personally, with a supportive husband and a 3-year-old toddler, and professionally, running a successful dental practice ...
The Summer Student Practitioner Program (SSPP) gives incoming fourth-year students to practice dentistry within approved competencies for up to seven weeks in any city across BC.

BC Dental Students Experience Dentistry Through SSP Program

The University of British Columbia (UBC) Dentistry Summer Student Practitioner Program (SSPP) is a unique opportunity for incoming fourth-year dental students to practice dentistry, within ...

Customize Your Retirement: Consider an Individual Pension Plan (IPP)

Only you know what you want your retirement to look like. If your practice is incorporated and you are looking for a more significant nest ...

Demystifying Trust Funds for Dentists

For many high-income earners, trust funds can provide long-term financial flexibility that creates many options for sharing and preserving wealth and optimizing tax savings. As ...

What Dentists Should Know About Illness and Disability

As a dentist, you're focused on your patients, your profession and the staff who keep your practice running. What if you couldn't work because of ...

How Dentists can Protect Their Dental Partnership with the Right Insurance

You have found the partner for your dental partnership. They are someone you trust, with your vision, who shares your passion, and who complements your ...

How Life Insurance can Safeguard your Estate…and Help Keep the Family Cottage

Immediate financing arrangements (IFA) are a financial planning strategy that allows incorporated practice owners to buy life insurance coverage while having access to funds for ...

Interest Rate Hikes Spark Interest in Annuities

A safe Investment Solution for Guaranteed Income How would you like to have an investment that is considered safe and will pay you a guaranteed ...

When Buying a Dental Practice, Ensure you’re Insured

It was hours to go before he was closing a deal to buy a practice, a landmark moment in any dentist's career. Everything was worked ...

If Life Insurance is the Answer, then What is the Question

Contributed by: John Wordsworth, CLU President, Lengvari + Associates Over the years I have heard people say they have enough assets so they don't need ...

Webinar: Cumberland Quarterly Investment Update

Contributed By: Cumberland Private Wealth "How will the recent market strength play out? As we expected, the Canadian and US economies started the year relatively ...

What Dentists Need to Know About the 2024 Federal Budget

Watch Now: What Dentists Need to Know About the 2024 Federal Budget On Thursday, May 2, CDSPI hosted a webinar with our partners at MNP ...

Preventing Spring Water Leaks

Take a good look around your property to make sure your home stays dry during this year's spring showers and prevent water leaks. Contributed By: ...

Beyond the Stars: CDSPI Shines with Morningstar Ratings

Investing in mutual funds, segregated funds or ETFs (exchange-traded funds) can be a complex undertaking, especially in turbulent economic times. When it comes to measuring ...

The Diamond Dentist: Overcoming Key Pressure Points for a New Dentist (Part 2)

Part 2: Professional and Social Pressure In the final part of this series on identifying and overcoming the pressures of being a new dentist, we ...

Diversifying Your Portfolio: Understanding Asset Classes

Diversification might sound like a financial buzzword, but it is key to building a healthy and resilient investment portfolio. Instead of putting all your financial ...

CDSPI Launches Cyber Insurance Coverage

In a move to help protect dentists from the escalating threat of cybercrime within the healthcare sector, particularly targeting dental practices, CDSPI has launched a ...

Why are Data Breaches Increasing?

Contributed by: MNP Cyber attacks and breaches are increasing with the rapid rate of digital adoption - and becoming more damaging. While companies are spending ...

Cyber Awareness – Elevating Patient Privacy in Dental Communication with CDA Secure Send

In today's healthcare landscape, the need for efficient and secure communication is paramount. Gone are the days when sharing patient information, especially sensitive data like ...

How to Effectively Protect Your Dental Practice from Cyber Security Threats

Contributed by: MNP Cyber attacks and breaches are increasing with the rapid rate of digital adoption - and becoming more damaging. While companies are spending ...

Are You at Risk for Heart disease?

Provided by: TELUS Health Heart disease-a major health risk that can have tragic consequences-is considered a leading cause of death globally according to the World Health Organization ...

The Diamond Dentist: Overcoming Key Pressure Points for a New Dentist and Emerging Stronger (Part 1)

Part 1: Debt and Expectations In the first part of this two-part series on identifying and overcoming the pressures of being a new dentist, we ...

Laddering: Safely Scale to New Financial Heights

Laddering is a straightforward, low-risk investment strategy that involves systematically investing a set amount at regular intervals in low-risk investments like government or corporate bonds ...
Dental Malpractice Chapter 2: Most Common Claims and How to Avoid Them

Watch Now: Most Common Malpractice Claims and How to Avoid Them

CDSPI is continuing the conversation about the dental malpractice claims environment in Canada. Renata Whiteman, Senior Insurance Advisor at CDSPI Advisory Services Inc., will lead ...

Dollar-Cost Averaging: A Smoother Path to Success

While it might sound complicated, dollar-cost averaging (DCA) is a simple concept that can lead to results that are anything but average. Rather than keeping ...

Webinar: Cumberland Year End Investment Review

Contributed By: Cumberland Private Wealth "As interest rates pivot from rising to falling, inflation tapers off with no recession yet in sight, and corporate earnings ...

Transitioning from Dental Student to Associate

Congratulations, you're embarking on the next chapter of your journey as a practising dentist! Transitioning from dental school to launching your career as a dentist can ...

New Dental Grad? Here are 5 Smart Ways to Manage your Debt

Recently graduated from dental school? Congratulations, that's a huge accomplishment - it's a tremendous milestone to don the white coat and make the transition from ...

Graduating from Dental School? Is it Time to Buy a Home?

You may have substantial student loans and be concerned about changing interest rates. You may also be hoping to one day purchase property for a ...

5 Things for Dental Students to Consider When Financing Their Education

Hopefully, the thrill of being accepted into dental school hasn't been overshadowed by how you're going to foot the bill. The cost of tuition for ...

3 Smart Strategies for Financing Dental School

You've always wanted to be a dentist. You've taken all the required courses, studied hard and sat through all the exams and finally received your ...

Five Ways to Simplify Your Life

Contributed By: TELUS Health CDSPI's Members' Assistance Program (MAP) provider, TELUS Health recently posted a wonderful new article with advice on "how to slow down, ...

The New Dentist Study Club Announces its 2024 Program

The New Dentist Study Club (NDSC) is an in-person education group with a focus on mentorship, friendship and support established to help young dentists navigate ...

Dr. Bruce Ward: Asking for Help has Always Been the Right Thing To Do

If you're anything like Dr. Bruce Ward, you've spent more time in the company of your dental colleagues and staff than you have with most ...

Dr. Matthew Moore Shares his Experience with Water Damage in his Dental Practice

On February 4, 2023, Fredericton was gripped by bone-chilling cold as the Maritimes experienced record low temperatures. That night, Dr. Matthew Moore, the owner of ...

Understanding Malpractice Risk: Advice for New Dentists

Transitioning from dental school to professional practice can be an exciting but overwhelming time for new dentists. Many new dentists tell us that anxiety over ...

Rev up Your Knowledge: 8 Car Insurance Myths

We've all heard some of the myths about car insurance, but do you really know the truth behind them? From "red cars cost more to ...

Connecting Passion and Purpose: A Conversation with 2023/2024 FCDSA President, Allister Mason

As the newly elected President of the Federation of Canadian Dentistry Student Associations (FCDSA), Allister Mason is focused on solidifying the federation's role in the ...

The First Home Savings Account: Your Questions Answered

What is the First Home Savings Account? The first home savings account, or FHSA, is a new savings tool to help first-time homebuyers purchase a ...

Investment Review and Outlook

Contributed By: Cumberland Private Wealth "An economic soft landing is still in sight as unemployment is relatively low, economic growth is positive, corporate earnings are ...

Watch now: What Happens When a Patient Sues you for Malpractice?

Malpractice lawsuits can happen to any dentist at any time. How far it goes - and how much it impacts you and your practice - ...

The Importance of Wellness for Dentists: Lessons Learned from the COVID-19 Pandemic

Key Takeaways: The COVID-19 pandemic brought unprecedented challenges to dentistry, impacting the wellness of dental professionals, their staff, and their families. It is crucial for ...

High Costs and Nature’s Fury: The Dual Threat to Dental Practices Today

Two of the biggest global stories of 2023 have been inflation and extreme weather. On their own, each has the potential to negatively impact your ...

A New Association for Alberta Dentists

Contributed by the Alberta Dental Association In December of 2020, the Government of Alberta passed a bill that would amend the Health Professions Act. This ...

The Power of Giving Back with Dr. Brian Cole

Part 2: September 2023 (update) Bridge to Health had a successful and very fulfilling outreach to the Kalangala District of Uganda on Lake Victoria this ...

Bringing Together the Dental Community to Build Strong and Collaborative Teams

Dr. Aisling Whitaker has been around dentists all her life and grew up wanting to be one. You could say it is a family affair. ...

Five Ways New Dentists can Kick-Start Their Financial Plan

Money. As a dentist with a few years under your belt, maybe you've got it all figured out. Or maybe money worries keep you up ...

When it’s Time to Activate Your Wildfire Emergency Response Plan

If there is an imminent wildfire threat in your region, it's time to activate your emergency response plan in order to limit property damage and ...

Resources to Protect Your Dental Practice From a Flood

In Canada, floods are the most commonly experienced natural hazard1. Our insurance partner, Zurich Canada, has prepared a list of resources that can help protect ...

Be Aware: Car Theft is on the Rise

At CDSPI we understand the importance of protecting your assets, including your vehicle. Unfortunately, car theft is on the rise, and it's important to take ...

Let the Experts Manage Your Wealth so You can Manage your Life.

Exceptional leaders recognize that time is their most valuable asset. Strategically allocating it to patient care, nurturing relationships with family and friends, and attending to ...

Emergency Information for Wildfires in Nova Scotia

As the threat of wildfires rises in Nova Scotia, so does the number of communities dealing with the threat of evacuation and damage to property. ...

How to Prepare your Home for a Wildfire

By: The Personal Did you know over 7,4001 forest fires occur in Canada every year? Most of them are caused by hot temperatures combined with drought, ...

Emergency Information for Wildfires in Western Canada

As the threat of wildfires continues to rise in many areas of British Columbia and Alberta, so does the number of communities dealing with the ...

Hassle-Free Travel: Proven Tips for a Stress-Free Trip

Traditional travel tips remind you to have a valid passport and pack comfortable shoes, but there are other considerations that will make your adventures more ...

How to Make Your Dental Practice More Attractive to Potential Buyers (MNP)

If you own a dental practice and are beginning to think about selling the business, potential buyers will look closely at your financial and operational ...

2023 Federal Budget Highlights (MNP)

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, delivered the 2023 Federal Budget (Budget 2023), entitled A Made-In-Canada Plan, on March 28, 2023. ...

2023 Ontario Budget Highlights (MNP)

Ontario Minister of Finance Peter Bethlenfalvy tabled the province's 2023 Budget on Thursday, March 23, 2023. This year's budget, titled Building a Strong Ontario, is focused ...

Co-Insurance and the 90% Rule

The co-insurance clause is a clause found on CDSPI's TripleGuard™ Building Insurance. It's important to understand how it works because it affects the amount payable in ...

CDSPI and MNP Announce Strategic Agreement

TORONTO, March 28, 2023 - CDSPI, the leading provider of insurance, investments and tailored financial advice to dentists and dental students across Canada, and MNP, ...

Simple Tips for Managing a Successful Dental Practice

Regardless of how your dental practice performs today, there's always room for enhancements and growth. Read this article for helpful advice. Read the full article ...

Tips for Financial Success After Dental School

Our advisors discuss how making informed financial decisions early can set you up for success in your dental career. Read the full article at Scotiabank.com

Using Digital Technology to Transform Your Dental Practice

Upgrading your existing practice with the right technology can help ensure that your patients receive the best dental care. Read the full article at Scotiabank.com

Five Ways to Improve Your Dental Practice Cash Flow

Maintaining a strong dental practice with steady cash flow is like maintaining good oral hygiene.   Read the full article at Scotiabank.com

Should you Open a Second Dental Practice?

Your first dental practice is experiencing success. Here are some questions to bear in mind when planning to expand. Read the full article at Scotiabank.com
Cumberland Market News

Update on Recent Market News

Contributed By: Cumberland Private Wealth The recent news related to three specific, regional bank situations in the US and one in Europe has triggered some ...

Escalators, Elevators and Swings. Advice for Riding the Stock Market.

In the world of the stock market there's an old truism that you might have heard-as a general rule, markets take the escalator up and ...

Perspectives on Wellness: Dr. Diana Liu

Perspectives on Wellness is a series dedicated to wellness in the dental community. This article focuses on Dr. Diana Liu, an associate dentist and certified ...

Budget Tips for Dental Students

As a dental student no one has to tell you that dental school is expensive. In Canada, 9 of the 10 dental schools are 4-year ...

Simple Tips to Find the Right Home Insurance Coverage

Regardless of whether you own or rent your home, the right home insurance helps ensure your space and your possessions are properly protected. These 4 ...

Advice for Your Younger Self

"Hindsight is 20/20" or "If only I knew then what I know now" are both common sayings that refer to the idea that it is ...

Debt: Minimizing Stress and Maximizing Benefits

According to a recent study1, personal finances are the greatest source of stress for 22% of Canadians.  Could there be a relationship to the increase ...

Community Participation Builds Trust

Some great insights on how to build community in your practice every day from an interview by Dr. John O'Keefe with Dr. Kevin Urness, a ...

The Problem with Comparing GICs to Fixed Income Funds

Contributed By: Cumberland Private Wealth For the first time in over a decade, Guaranteed Investment Certificates (GICs) are offering reasonably attractive interest rates or yields. ...

Qtrade Ranked #1 ‘Best Online Brokerage Service Experience’

Our discount brokerage partner, Qtrade Direct Investing, has been ranked Canada's Best Online Brokerage Service Experience by Surviscor with a score of 91%. Qtrade Direct ...

Year End Investment Review and Outlook

Contributed By: Cumberland Private Wealth Get a review of what happened in the markets in 2022 and what is in store for 2023. CDSPI is ...

2022 A Year in Review

2022 has been quite a year. It was wonderful to reconnect with the dental community in person after 2 years of "virtually" no live events. ...

A Message From our President & CEO, Ed Dermit

Happy New Year! I hope you celebrated the start of 2023 in good health with family and friends. As we move into the new year, ...

TFSA or RRSP? It Depends on Your Financial Plan.

Every year around this time, the question comes up over whether to invest in a Registered Retirement Saving Plan (RRSP) or a Tax-Free Savings Account ...
Man practices how to be mindful

Be Mindful: Five Steps to Improve your Mental Health

"Where did the time go?" This is a common question nearly all of us have thought at some point. Time seems to fly in our ...
Left to right: Lyle Best and his partner Marnie Weckel, Tony and Beverly Patey, Ed and Darlene Dermit.

NLDA Retirement Gala for Tony Patey

Left to right: Lyle Best and his partner Marnie Weckel, Tony and Beverly Patey, Ed and Darlene Dermit. On October 15th, 2022 the Newfoundland and ...

The 2022 Lyle Best Humanitarian Award Recipient: Dr. Aaron Kim

Photo taken by Corinne Kopansky   A highlight of the 2022 Smile Gala Snow Ball on November 5, was the announcement that Dr. Aaron Kim ...

When is the Right Time to Buy a Dental Practice?

A great new resource for dentists from Lifelong Learning Facilitator, Dr. John O'Keefe who launched a new website earlier this year. Learning with Dr. O'Keefe ...
The New Dentist Study Club

The New Dentist Study Club

Lending an ear and a hand to new dentists As is often the case in life, experience comes with time. In some fields, such as ...
dental practice

Ready to Buy or Lease Real Estate for Your Practice?

A guide for dentists on buying or renting real estate for their dental practice. This article is provided by Scotiabank® Healthcare & Professional Banking. To ...

On The Road with CDSPI

CDSPI is on the road a lot these days visiting universities across the country meeting tomorrow's dentists and welcoming them to the financial services organization ...

Best Practices for Dentists Treating Newcomers

As a dentist you feel confident providing the best treatment when it comes to your patients. You take extra care to keep detailed patient charts ...

When You Can’t Work

Every month, an insurance premium is deducted from your bank account; representing the confidence of knowing that if you can't work for medical reasons, you, ...

A Profile in Multitasking: Nima Laghapour Lighvan

Sitting down with Nima Lighvan for dinner at a local Italian restaurant in London, Ontario it's obvious that he loves dentistry. With a warm and ...

Understanding Today’s Real Estate Market

CDSPI is pleased to share 'Understanding the Real Estate Market Today' hosted by Cumberland Private Wealth Management, in the recent edition of their Wealth Management ...

Dash Cams can Provide Economical and Effective Protection to Drivers

The popularity of buying a dash cam is rising, and for several reasons-including the fact that they have become much more affordable and could provide ...

Are You Financially Prepared for Maternity Leave?

There are many challenges young families face such as figuring out how to manage finances, work, debt, and plans for the future. Add babies into ...

Economic Overview and Market Outlook Q2 2022

CDSPI is pleased to share the Economic Overview and Market Outlook for the Second Quarter of 2022 hosted by Charles Sims, President and CEO of ...

Dr. Jeff Williams Shares his Personal Experience With a Career Changing Disability

When it comes to insurance, it's easy to get hung up on the monthly cost-the money you have to give away to an insurance company ...

CDSPI wishes Debbie Okamoto a Happy Retirement

Please join us in congratulating  our advisor Debbie Okamoto, CFP®, Senior Investment Planning Advisor on her retirement on May 31, 2022. Debbie has worked with ...

Outdoor Living and Your Home Insurance

Transforming a backyard into an oasis can be both a fun project and a worthwhile investment. Here's a list of the most common outdoor upgrades ...

Building and Keeping Your Dental Team

Overcoming Staff Recruitment and Retention Challenges Recruiting and retaining staff within a dental practice is one of the many challenges faced by dentists. Especially now ...

What Budget 2022 Means for Professionals (MNP)

Synopsis MNP's Gavin Miranda highlights key details professionals in Canada should consider following the tabling of the 2022 Federal Budget in early April. The new ...

Scotiabank® and CDSPI Announce Strategic Agreement

TORONTO, April 27, 2022 - Today, Scotiabank and CDSPI announce a new five-year strategic agreement. Under this new arrangement, Scotiabank will be the exclusive referral ...

Q1 2022 Review with Q&A

CDSPI is pleased to share the Quarterly Investment Review hosted by Charles Simms, President and CEO of Cumberland Private Wealth Management that aired live on ...

What is Equipment Breakdown Insurance and How Can it Protect Your Dental Practice?

Have you ever wondered what might happen if your dental equipment breaks unexpectedly? There is a really helpful option on your  TripleGuard™ Insurance, called 'equipment ...
Budget 2022 Highlights from MNP

2022 Federal Budget Highlights (MNP)

Synopsis Deputy Prime Minister and Minister of Finance the Hon. Chrystia Freeland tabled the Federal Government's budget on April 7, 2022. On April 7, 2022, ...

Don’t Miss out on Tax Savings for 2021! (MNP)

Synopsis There are various deductions and credits available to professionals to help manage their personal tax liability. It's that time of the year again when ...

Assessing the Impact of Economic Sanctions on Russia (Invesco)

By: Invesco Canada Blog Synopsis A great overview from the Invesco Canada blog March 1, 2022, Assessing the impact of economic sanctions on Russia addressing ...

Latest Market Insights from Cumberland (Video)

On February 28th, 2022 Cumberland Private Wealth hosted a live presentation with Q&A to review where we have come to in the markets given the ...

Tax Considerations for Professionals That Divorce: Dividing Assets (MNP)

Synopsis Divorce can be a contentious and costly process for professional practice owners. We evaluate options to divide assets in both a tax efficient and ...

2021 Federal Fall Economic and Fiscal Update (MNP)

Synopsis Deputy Prime Minister and Minister of Finance Chrystia Freeland released the Federal Government's Fall Economic and Fiscal Update on December 14, 2021. On December ...

How MAP Can Help in a Traumatic Event

We are saddened and concerned by the military invasion in Ukraine. War, violence, and political uncertainty can cause stress, anxiety, and other responses, even if ...

Coping with Feelings of Fear and Anxiety About Violence

Acts of violence, whether they occur locally or abroad, can affect our sense of safety -about the present and the future. Graphic images can heighten ...

2022 British Columbia Budget Highlights (MNP)

Synopsis British Columbia Finance Minister Selina Robinson tabled the Provincial Government's 2022 budget on February 22, 2022. On Tuesday, February 22, 2022, British Columbia Minister of ...

Q4 2021 Market Update from Sun Life Global Investments

An interesting report addressing some of the recent market volatility from Sun Life Global Investments in their Q4 2021 Market Update. The update also includes ...

Malpractice Suits are Common. Here’s How to Protect Yourself.

At some point in your career, one of your patients may have an unexpected reaction to a procedure or claim they didn't fully understand the ...

Avoiding Home Insurance Headaches

Did you know that coverage for sewer back-up and water seepage through the roof aren't automatically included with most home insurance policies? Know your policy and head off a ...

Saif Matti: Stepping Up and Working Hard are in his DNA.

Sitting down with Saif Matti on a Sunday morning at a local coffee shop it didn't take long to understand why his fellow students elected ...

TFSA Strategies

By Cumberland Private Wealth Management Inc. Tips to maximize your results For more than a decade, advisors and financial planners across the country have been ...

Q3 2021 Market Updates from our Partners

How did the markets perform in this quarter and how might this impact your investments? Get information and expert opinions from CDSPI’s fund managers, including ...

Insurance Premium Payment Options

CDSPI makes things easier by offering several payment options to suit your needs. A convenient payment option is setting up recurring payments as it's easier ...

Dealing with Cultural Differences in the Workplace

Your office has taken on a new employee who recently migrated to Canada from Singapore. Although she seems nice, you notice she never directly looks ...

Mental Health: Cultural and Ethnic Stigmas

Mental illness is of such significant concern that the World Health Organization (WHO) has implemented a global Special Initiative for mental health. While mental health ...

Taking Care After a Traumatic Event

A traumatic event is any situation that causes a person to experience unusually strong emotional reactions that have the potential to interfere with their ability ...

How a Traumatic Event Can Affect You

A traumatic event is any situation that causes a person to experience unusually strong emotional reactions that have the potential to interfere with their ability ...

Tips for Helping Your Child Through a Traumatic Event

Children do not have the ability to communicate worries or concerns through words. They just don't have the vocabulary. Teens have the vocabulary, however, they ...

Cryptocurrencies and Investing (Video)

  Levon Barker, a portfolio manager at Cumberland Private Wealth, explains the inner workings of Cryptocurrency in discussion with CDSPI. In this video, Mr. Barker ...

2021 Client Relationship Survey: An Overview

  Our clients mean everything to us, which is why CDSPI has made it a priority to listen.  A key part of this listening is ...

Managing Expectations About the “New Normal”

If you are feeling unsure of what to expect over the coming weeks and months, you can take solace in knowing that you are not ...

Videos: In Conversation with Dentists at Every Age and Stage

  Hear from CDSPI, Cumberland and our clients and how they have planned for their financial future at every age and stage - from practising ...

Customize Your Retirement: Consider an Individual Pension Plan (IPP)

  Only you know what you want your retirement to look like. If your practice is incorporated and you are looking for a more significant ...

Coronavirus Updates From CDSPI

Find all the latest news and updates related to COVID-19 in one central place. Access information on insurance plans, market commentaries, tax news and more. ...

Video: Jeff Williams Appointed New Board Chair

CDSPI's new chair of the Board of Directors, Dr. Jeff Williams, was recently interviewed on CDA Oasis: The Good News Show.

Lyle Best: The Other Great One

As a way to honour his years of service, President, Ed Dermit announced the new Lyle Best Boardroom at the CDSPI head office in Toronto. ...

Managing stress after a natural disaster

  It can be very challenging to manage stress after a natural disaster, such as a flood, hurricane, tornado, or earthquake. You may feel stretched ...

Supporting employees affected by a natural disaster

  An employee affected by a natural disaster, such as a hurricane, may need support from you as a manager. Whether your employee has suffered ...

Helping young children cope after a natural disaster

Although every child's reaction to stress will be unique, there are some common ways that children respond to natural disasters and the disruptions they can ...

How to prepare your home for a wildfire

Did you know over 7,4001 forest fires occur in Canada every year? Most of them are caused by hot temperatures combined with drought, lightning and ...

Reduce Your Retirement Stress

The right advice makes all the difference when Planning Your Retirement. Reaching retirement should be a time of celebration. Giving up the daily routine of long workdays ...

Dealing with Disappointment Due to COVID-19

The COVID-19 pandemic has meant upheaval in many areas of life, creating feelings of sadness and disappointment for many. Dealing with these emotions can be ...

Is it time to review your investment portfolio strategy?

  Did you make a last-minute contribution this past RRSP season without having an investment strategy in place? If so, now is a good time ...

All in the Family: The Story of Bailey Buckley Family Dentistry

  Practice: Bailey Buckley Family Dentistry, Quispamsis, New Brunswick   Janet Bailey, DDS Dalhousie University, Faculty of Dentistry, 1983 Ron Buckley, DDS Dalhousie University, Faculty ...

What About the Cottage?

  By: Shawnalynn Perron, MBA, CIM, FEA, Portfolio Manager, Cumberland Private Wealth Management Inc.   Since the current pandemic means we’re all spending more time ...

Six Tips for Tax Savvy Dentists

No one wants to pay unnecessary taxes. Follow these six tips to help minimize your tax burden and maximize the money in your wallet. 1. ...

Tax Tips for Charitable Donations

Canadians are very good at giving. In fact, we rank fourth in the world of 140 countries surveyed in the World Giving Index.*   Dentists, ...

Planning a Big Withdrawal? Act Now To Save On Tax.

Do you want to use corporate assets to pay off your mortgage, build a cottage, or buy a second practice? The taxes on major withdrawals ...

Global Equity Market Update (Video)

Phil D'Iorio, Portfolio Manger at Cumberland Private Wealth, shares his thoughts on global equity markets – including everything that has transpired over the last year, ...

In Conversation with Dentists at Every Age and Stage, Part 3

In this video, CDSPI and Cumberland discuss financial planning with Dr. Chris Kiazyk and his wife, Barb. Learn how CDSPI and Cumberland have supported Dr. ...

In Conversation with Dentists at Every Age and Stage, Part 2

In this video, CDSPI and Cumberland discuss financial planning with Dr. Peter Kowal and his wife, Wendy. Find out how CDSPI and Cumberland have been ...

Video: In Conversation with Dentists at Every Age and Stage, Part 1 – Practising

In this video, CDSPI discusses financial planning with Dr. Anna Thompson and her husband, Jason. Hear how CDSPI has been able to help Dr. Thompson ...

A celebration of women in dentistry

When it comes to women in the dental field, there is plenty to celebrate. Most Canadian dental schools achieved parity about 10 years ago, and ...

Webinar: Advancing the Financial Wellness of Dentists

  The number of women in dentistry is increasing and they continue to face unique financial challenges relative to their male counterparts. In this webinar, ...

Preventing spring water leaks

Ah, spring! The snow has its last hurrah and warmer days are back for good...or almost. Since spring also means rain, there's unfortunately also a ...

March 24: 2021 Ontario Budget Highlights

On Wednesday, March 24, 2021, Ontario’s Minister of Finance Peter Bethlenfalvy tabled the province’s 2021 Budget. The Budget, titled Ontario’s Action Plan: Protecting People’s Health ...

Video: Advancing the Financial Wellness for Female Dentists

Watch our webinar, Financial Wellness for Female Dentists, to learn strategies from the women’s perspective on: • Key financial approaches for different stages of your ...

Practising Positivity

The current pandemic has caused a lot of stress and anxiety for many people. In a world where nothing seems certain, it can be difficult ...

How to prevent snow and ice damage on your house

With the current pandemic and subsequent lockdowns in certain areas, we continue to spend more time at home than usual. As we head into the ...

6 common winter car problems – solved

With winter’s coldest months now upon us, there are a whole host of issues we can run into with our cars. Whether it’s grabbing the ...

New Year, New Financial Plan

The events of 2020 threw a wrench into even the best laid plans – financial or otherwise. As a dental professional, the impact to your ...

5 Ways Insurance Coverage Can Protect Your Dental Practice

If there were a fire, storm or earthquake that damaged your practice, would you be able to manage without income for a time?  Comprehensive insurance ...

Top Ten Tips for Remaining Psychologically Resilient

Psychological resilience refers to the ability to manage stressors and "bounce back" from challenging life events. It's important to understand that resilience is not about ...

Beating the winter blues

Winter can be a tough time for some. As the days get shorter and the temperature colder, your mood and energy can also plummet. It's ...

7 New Year’s Resolutions for Your Home

After a challenging and unpredictable year, many of us are ready for a fresh start in 2021. And since COVID-19 has forced many of us ...

Loneliness and the Holidays

The holiday season can be a lonely time - especially for people who live far away or are estranged from their families, going through a ...

Market Review and Outlook

On November 17, 2020, Cumberland Private Wealth Management Inc. provided their outlook for the economy and its impact on forward earnings for the S&P 500. ...

Maintaining Healthy Habits During Challenging Times

We may have the best of intentions when making plans to eat well, exercise and get more sleep, but then a stressful situation, a new ...

Personal Finance and Practice Tips to Navigate the Unpredictable

By Shan Janmohamed, BA, CFP®, RRC®, Investment Planning Advisor, CDSPI Advisory Services Inc. sjanmohamed@cdspi.com | 1.800.561.9401, ext. 6826   The initial onset of the COVID-19 ...

November 5: 2020 Ontario Budget Highlights

On Thursday, November 5, 2020, Ontario Minister of Finance Rod Phillips released the province’s 2020 Budget. The budget builds on Ontario’s Action Plan: Responding to COVID-19, ...

Good Disability Insurance Choices Can Lead to Good Outcomes

You have many choices to weigh when you apply for and maintain CDSPI DisabilityGuard™ Insurance. Dentists who make the right choice are often very thankful ...

Coping with Depression During COVID-19

The COVID-19 pandemic has brought on many challenges, including a rise in the number of people suffering from depression. Some are experiencing mental health issues for ...

New and Expanded Federal Benefits for Businesses Announced

As we are now in the second wave of COVID-19, the Federal Government has announced new and expanded support for businesses. This targeted support includes a ...

Advice or No Advice: What’s the Impact?

In life and in money, it pays to have someone in your corner. Whether you’re looking to achieve exciting life goals or trying to find ...

5 Ways to Protect Yourself from the Unexpected

Having the right insurance can protect you, your family, your practice and your lifestyle against unforeseen events. As you might imagine, insurance isn't one-size-fits-all - ...

A New Dentist in Changing Times

Interview with a New Dentist   Name: Dr. Nima Khosraviani Graduation: 2020, Faculty of Dentistry, University of Toronto Achievements: President of the Xi Psi Phi ...

How to Build Financial Resilience During a Crisis

Resilience is a popular word these days, used to describe people, businesses, sports teams and more. Resilience is a critical characteristic to have – or ...

Coping with Reduced or Lost Income

The COVID-19 pandemic has changed our lives in many ways. It’s impacting how we work, socialize, and, ultimately, how we live. Dental practices have had ...

Building Your Resilience with Self-Care

As the COVID-19 pandemic continues to impact our daily lives, it's important to build resilience to help you adapt in the face of adversity.  One ...

Fall Home Maintenance Tips

As the fall weather sets in and we continue to spend more time at home, this is a good time to consider winterproofing your property. ...

Mental Illness Awareness Week MAP Resources

  October 2, 2020   October 4-10, 2020 is Mental Illness Awareness Week in Canada. To help bring awareness to this important aspect of total ...

Covid-19 Latest News and Updates

Find all the latest news and updates related to COVID-19 in one central place. Access information on insurance plans, market commentaries, tax news and more. ...

10 Back-to-School Tips for Kids and Parents

Returning to school during the COVID-19 pandemic means that both kids and parents will need to adjust to new rules and routines. Whether it’s wearing ...

Coping with Stress from Making Education Decisions for your Kids Due to COVID-19

Many parents are facing difficult questions around whether to send their children to school as schools make decisions around what teaching will look like in ...

Investing as a New Dentist – What You Need to Know

As a newly practicing dentist, it's important to consider investing to help achieve your future financial goals. Starting to invest early while paying down student ...

New Dentist FAQs

As a new dentist, you have a lot on your mind. Maybe you’d like to purchase an existing practice or build one from the ground ...

What to Expect When Working with a Financial Advisor

As you start practicing and earning a regular income, it's important to consider your financial future. A recent study showed that working with a financial ...

10 Tips to Help You Achieve Financial Wellness

As you begin practicing and earning an income, now is the perfect time to get organized and create goals for your financial future. We recommend ...

Setting Priorities For Your “New Normal”

You may feel overwhelmed by all you must do after self-isolation lifts, from checking in on relatives to returning to your dental practice. Knowing what ...

June 16, 2020: Federal Tax Response to COVID-19

On June 15, the federal government announced that it will expand eligibility for the Canada Emergency Business Account (CEBA). Here is an update from our ...

Tax Planning Tips During an Economic Slowdown

The COVID-19 pandemic has caused chaos and uncertainty for many practice owners and the broader economy. Stock exchanges around the world have experienced significant volatility, ...

Dr. James Bonar Discusses Reopening His Practice

Dr. James (Jim) Bonar, DMD Graduation: University of Manitoba Dental Faculty, Class of 1983 Practice: Chancellor Dental Group, Brandon, Manitoba Dr. Bonar served as a ...

Market Review

CDSPI partner, Cumberland Private Wealth discusses how the equity and fixed income markets have evolved since the outbreak of the COVID-19 crisis, and how this ...

May 21: Tax Update Response to COVID-19

Recently the government announced a number of updates to the federal subsidy programs. Here is an overview of the latest changes from our accounting partner, ...

May 15, 2020: Canada Emergency Wage Subsidy Extended

On May 15, 2020, Finance Minister Bill Morneau announced the extension and expanded eligibility of the Canada Emergency Wage Subsidy (CEWS) program. These changes, along ...

Tips to support frontline health care workers fighting COVID-19

Many of us have friends and family who are frontline health care workers and being there for them in such trying times is critical. Here ...

April 22: Fiera Capital Discusses the Latest Market Conditions

Candice Bangsund, Vice President and Portfolio Manager, Global Asset Allocation, Fiera Capital, provides financial market developments as of April 22, 2020. She also discusses Fiera ...

Special Webinar: Navigating Government Support During COVID-19

CDSPI is pleased to share a detailed overview of government support programs, such as business loans and wage subsidies available to individuals and businesses in ...

April 16: CORONAVIRUS – Update on the markets and economy

Sadiq Adatia, Chief Investment Officer at Sun Life Global Investments, provides his insights on markets, the economy and factors that have been driving market behavior ...

April 12: Tax Update Response to COVID-19

On Saturday, April 11, 2020, the Federal Government released the much-anticipated tax legislation with respect to the Canada Emergency Wage Subsidy (CEWS). The Government’s intent ...

Tips to Maintain your Home

When you find yourself with a little extra time on your hands, consider undertaking the home maintenance you may have been putting off. Now is ...

April 9: How CI Investments is Responding to the COVID-19 Crisis

Senior managers from CI Multi-Asset Management recently conducted a webinar to explain how they are handling their current investment positions. Following are the main points ...

April 2: Has the Market Reached the Bottom?

By March 23, the S&P 500 had dropped 33.9% from its all-time high few weeks earlier. Since that point it has trended upward, and there ...

March 31: Federal Tax Response to COVID-19

On Monday, March 30, 2020, Prime Minister Justin Trudeau announced further adjustments to Canada’s wage subsidy program. The announcement was only a high-level description of ...

March 30: A Week of Rallying Markets

The markets were extremely volatile during the week of March 23-27, but this time in a positive direction. From its lows on Monday to its ...

March 26: Tax Update Response to COVID-19

Last week the Canada Revenue Agency (CRA) announced a Temporary Wage Subsidy for Employers. They’ve now released further details. Here is an overview of how ...

March 25: The Chinese experience of COVID-19

The current COVID-19 pandemic has many investors wondering what’s in store for global markets. In this current climate, CDSPI offers views from our partner, Schroder ...

March 23: Advice on Navigating Your Practice Through COVID-19

The COVID-19 pandemic has caused many Canadian businesses, including dental practices, to shut down indefinitely. In these uncertain times, CDSPI shares advice from our accounting ...

An Update from Cumberland on Financial Markets

On March 17th, 2020 the team at Cumberland Private Wealth Management Inc. discussed recent volatility in the financial markets, and offered reasons for some optimism in ...

COVID-19 Market Update from Fiera Capital

Candice Bangsund, Vice President and Portfolio Manager, Global Asset Allocation, Fiera Capital, provides insights on the recent turmoil in financial markets as of March 12, ...

Capital Group CEO Tim Armour on weathering the coronavirus

In light of the recent market turmoil, and as the world reacts to the ongoing spread of coronavirus (COVID-19), CDSPI shares the views of our ...

Market Corrections–From Fear to Opportunity

Sadiq S. Adatia, Chief Investment Officer at Sun Life Global Investments comments on current market conditions, the likelihood of a recession sparked by the coronavirus, and ...

How Cumberland Manages in Disruptive Times

Gerry Connor, Chairman, Cumberland Private Wealth Management Inc., shares his seasoned perspective on disruptive market events, such as the Coronavirus and what they are doing ...

Market volatility: looking beyond the Coronavirus

CDSPI’s Granite Portfolio managers take active steps to counter the effects of COVID-19.   CDSPI Granite Portfolios, managed by Sun Life Global Investments, are designed ...

A CDSPI Fund Designed to Soften the Impact in Volatile Times

CDSPI’s Low Volatility Global Equity Fund, managed by MFS, invests in North American and International equities with strong earnings growth relative to their volatility and ...

Stay Off The Emotional Roller Coaster

Roller coasters provide plenty of thrills at an amusement park. Not so much when it comes to your investments.   Stock markets have natural cycles ...

How Will the Coronavirus Affect Your Investments?

In mid-February, we asked Candace Bangsund, Vice President and Portfolio Manager at Fiera Capital, to share her thoughts about the coronavirus epidemic and its likely ...

How to motivate employees to build a successful dental practice

The following article is adapted and reprinted with permission from the TELUS Health website www.one.telushealth.com. As a manager, your ability to lead and motivate employees ...

Extreme Weather is the New Normal

From devastating wildfires to major flooding and tornados, Canada has experienced many extreme weather events, and they appear to be happening with greater regularity and ...

Disability coverage – don’t get it and forget it

Consider this scenario. When you started practising, your annual earned income1 was about $120,000 and you purchased enough disability insurance to support your lifestyle - ...

Dentistry is changing. You have to keep up.

Mahsa Soraya, DMD Graduation: University of British Columbia, 1991 Practice: Angel Care Dental, Delta. B.C. Dr. Mahsa Soraya and her husband, Dr. Alex Galo, were ...

Consolidate Your Personal Information in a “Virtual Shoebox”

Do your loved ones a favour today. Would the people closest to you be able to easily access all your personal and household financial documents ...

Starting Out as a Couple – Planning Your Shared Financial Future

This is an exciting life milestone, when you start making long term plans as a couple – shared goals, shared dreams.  It’s the perfect time ...

8 Investment Mistakes Dentists Need to Avoid

There are many potential pitfalls on the road to financial security. Our Investment Planning Advisors*, who work exclusively with dentists, tend to see common errors ...

6 Tips for Safe Winter Driving

There are many great reasons to love living in Canada—winter driving is not one of them. Safety is the main concern for everyone at this ...

How to Make Difficult Employee Conversations Easier

No matter how capable and dedicated your employees are, there are times when you need to manage a situation with an individual on your team. ...

Year Two—A Time of Decision for Many Young Dentists

Two years ago we interviewed recent graduate, Dr. Khash Gharavi, who was working at three practices and pondering what the future might hold for him. ...

Are You Keeping Your Practice Safe? 7 Commonly Asked Questions

Buying or building a dental practice is a major decision for many dentists. Once your decision is made, the next important step is how to ...

Restore Balance to Your Portfolio

Have you ever spent the weekend indulging in your favourite comfort foods – juicy steak, aged cheese, salty potato chips and maybe some wine – ...

Raptors’ Dentist Rides High with the Team

Dr. Nkansah rides on the Raptors parade bus, June 17, 2019   NAME: Peter J. Nkansah, DDS Certified Specialist in Anaesthesia GRADUATION:   Faculty of ...

How to Avoid Being Scammed After an Accident

Getting into a car accident is a stressful event. It can be a time of confusion, anxiety and vulnerability. There are many decisions to make, ...

8 Tips to Help You Keep a Healthy Credit Score

You apply for a mortgage, car loan, business loan, or credit to make a significant purchase. The first thing the lender does is check your ...

8 Tips to Keep Your Exercise Routine on Track

We all know that exercise is good for physical and mental health, but many find it hard to stay motivated to make it a regular ...

Fees Matter More Than You May Think

When you look at the returns for your investment funds, the fund fees, or MERs (management expense ratios), are already included, so they’re essentially invisible. ...

Good and bad stress: Do you know the difference?

Some stress is actually good for us. It can help our minds focus, our senses sharpen and our bodies get ready for physical challenges. Who ...

True Wealth is a State of Mind

  On CDSPI's 60th anniversary, we talked to two dentists-clients for over 40 years-who have taken great joy from their careers, and their lives. All ...

Whimsical Jargon for Investors In the Know

The investment world can sometimes feel like a fantasy realm-or a zoo. No surprise then that there is a rich glossary of fanciful terms to ...

Take Full Advantage of Market Ups and Downs

As we’ve seen recently, there are always months when the market performs better, or worse, than others. A smart investment strategy is to use “dollar ...

7 Ways to Avoid Distracted Driving

Data shows that distraction is responsible for more road fatalities than impaired driving.1 Texting is the main culprit, to be sure, but there are many ...

Watch out for that puck—OUCH!

NHL Dentists Keep Players in the Game They don't wear pads or carry a stick, but they're definitely part of the team-they're NHL team dentists. ...

Born To Be a Dentist: Interview with a Military Dental Student, Dan Shirvani

Name: Dan Shirvani, BSc. Graduation: 2019, Faculty of Dentistry - Dalhousie University Achievements: 1st degree black belt in Shorin-Ryu Karate, 1st place Prosthodontics Olympics 2017, ...

A Disciplinary Hearing—It Could Happen to You

A disciplinary hearing or investigation is a serious—and potentially expensive—matter. No dentist wants to experience a hearing, but if the worst case happens, the best ...

8 Financial Scams Targeting Canadians

In 2017, Canadians lost more than $95 million to financial scams1. Every year fraudsters become more clever and sophisticated-which means we have to become more ...

Step or Level Payments—What’s Right for You?

There are so many disability insurance products to choose from-each with their own unique options. Sometimes it can be difficult to understand the options available ...

When Your Practice Has a Really Bad Day.

There are so many types of insurance available, it can be tricky to figure out what coverage you need. What if something happens to you? ...

A Successful Practice Sale Takes Time

A dentist shares her experience-and advice   Dr. Brenda Thomson recently sold her practice to her associate, and continues to work there as an associate. Dr. Thomson believes one of the ...

6 Ways to Protect Your Practice from Cyber Attacks

Malware. Phishing. Password Attacks. Rogue Software. Every day, cyber attacks are becoming smarter and more aggressive. Your client list contains personal information that is an ...

An Unconventional Journey to Dentistry

Raylien Chao studied in Taiwan, Wisconsin, New York, Minnesota, and Florida before starting to practise last summer in Vancouver. We asked her to share her ...

Five Bad Behaviours that Could Hurt Your Wealth

Behavioural Finance is a big term that may sound intimidating. But it is actually just a term for all the behaviours we (humans) make that ...

Five Tips to Help Avoid Back Injuries

Hours spent each day leaning over patients can take an excessive toll on a dentist's back. You can reduce your risk of back injury substantially ...

One New Dentist. Three Practices.

Interview with a New Dentist Name: Dr. Khash Gharavi Graduation: 2017, Faculty of Dentistry, University of Toronto Achievements: President of the FCDSA/FAEMDC (2015-2017) Current role: ...

Dentist Survives Potentially Fatal Spider Bite

Dr. Bob Whyte is a pediatric dentist who loves to travel with his wife Barb. On a trip to Peru they got more than they ...