Best Accountants in Grimsby, ON

🦷📊 DENTIST TAX DEDUCTIONS YOU NEED TO KNOW 📊🦷 Dental hygienists can be independent contractors or employees, depending on their contracts. Self-employed hygienists file separate tax returns for incorporated businesses, while others include both business and personal expenses on personal returns. Eligible dental expenses, like equipment and professional development fees, can be claimed as deductions. Reimbursements for dental expenses reduce tax owed, saving money. Contributions to Tax-Free Savings Accounts (TFSA) and Registered Retirement Savings Plans (RRSP) are deductible, helping with long-term savings and retirement planning. Self-employed hygienists can deduct accounting service costs from net income, optimizing financial planning and tax preparation. Consult a tax professional or guidelines from Canada Revenue Agency for accurate information on deducting dental expenses and maximizing tax benefits. For more info, visit our website or consult a tax professional.