Insurance
Dentist disability insurance: CDSPI or a private contract?
CDSPI DisabilityGuard is a guaranteed non-cancellable contract, not a thin group plan. What to compare against a private policy, and where overhead coverage fits.
6 min read
If this is you
- You are paid a percentage, your income moves month to month, and nothing is withheld on your behalf.
- CDSPI coverage is in place and nobody has read you the definition of disability that would decide a claim.
- You are told to incorporate, but most of what you earn leaves your account the same month it arrives.
What changes after a review
- A cash-flow plan built on your quietest month, with tax instalments set aside before they are due.
- Your CDSPI contract read against a private policy on definition, premium guarantee and riders.
- An honest answer on the dentistry professional corporation, based on surplus rather than production.
Disability coverage gap
See how much you'd be short each month if you couldn't work. We start from your monthly spending; if you leave it blank we use two thirds of income.
Illustration only. Figures use Ontario 2026 rates; see the assumptions.
We start from your monthly spending; if you leave it blank we use two thirds of income.
Monthly coverage gap
$9,325
22% covered
- Target: Monthly income $12,000
- Covered: Monthly income $2,675
On these numbers, you'd be short about $9,325 a month if you couldn't work.
Assumptions
- The target is your monthly spending, which is how these articles and the advisors size disability coverage — what the household has to keep paying, not what you bill.
- Assumes an own-occupation disability definition; a non-own-occupation or any-occupation policy may pay less, or not at all, in a real claim.
- Association/group plan coverage is often non-guaranteed and can be reduced or lost if the plan changes or membership lapses — treat it as a floor, not a plan.
- The target is capped at $25,000 a month, standing in for a typical carrier issue limit. The cap is illustrative and no source is claimed for it; confirm the real limit against the contract.
- Occupation class (physician) affects real-world policy definitions and premiums; confirm against the actual contract.
Worth reading first
Incorporation
Dentistry professional corporation in Ontario: when it is worth it
What RCDSO requires for a dentistry professional corporation, who can hold shares, what it costs, and how the associate and owner cases differ.
6 min read
Corporate tax
How to take money out of your professional corporation
The six routes out of an Ontario professional corporation, what each one costs, and the order most physicians and dentists should use them in.
6 min read
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