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.
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Planning for physicians and dentists, built around the corporation.
A private dinner for physicians and dentists · Durham Region · Saturday, November 7th, 2026, 5:00 pm · 30 seats
You have $1 million or more in your corporation. Taking it out could cost 47.74%. It does not have to.
Over dinner, two advisors from AT Financial Group walk through the ways an Ontario professional corporation's retained earnings become personal wealth: which are free, which cost something, which carry real risk, and in what order to use them. You leave with your own numbers on one page. No sales presentation. Spouses welcome.
The numbers this site is built on
11.2%
Ontario small business rate on the first $500,000 from 1 July 2026
47.74%
Top Ontario rate on a non-eligible dividend paid out of the corporation, 2026
0%
Tax on a capital dividend paid from the capital dividend account
20 min
The first meeting, and you decide after it
Sources: Ontario Budget 2026; TaxTips Ontario 2026; Income Tax Act s.83(2). Figures are for 2026 and are refreshed every January.
68%
of active Ontario physicians are incorporated
Source: medRxiv 2025; HOOPP.
We work with physicians and dentists, and no one else.
Most advisors serve everyone. Beyond The Practice, the physician and dentist practice of AT Financial Group, serves practising physicians, specialists and dentists, most of them incorporated. That focus is the point: a medicine or dentistry professional corporation has its own rules on who can hold shares, its own tax on retained earnings, its own insurance plans through the OMA and CDSPI, and, for dentists, a practice that will one day be sold. A plan that does not start from those facts is a plan for someone else.
Physicians
Residents and new attendings · Incorporated physicians · Approaching retirement
Family physicians, specialists and surgeons in community practice and at Lakeridge Health, Toronto teaching hospitals and across the GTA.
Dentists
Associates · Practice owners · Selling your practice
General dentists and specialists in Durham Region and the GTA, from the first associate contract to the sale of the practice.
Not a physician or dentist? AT Financial Group's main practice at atfinancialgroup.com is the better fit.
Everything a physician or dentist needs from one team
Four pillars. Every service is a page you can read before you book.
Protect: insurance for physicians and dentists
Insurance
Coverage that pays if you cannot practise, dies with the right owner, and sits in the corporation only when that is the better structure.
Extract: corporate tax planning
Corporate tax planning
Getting money out of the corporation at less than 47.74%, in the right order, with the trade-offs written down.
Grow: investments and real estate
Investments
TFSA, RRSP, RESP, FHSA and RRIF first, then the corporation, then everything else, in that order for a reason. Read about investing for physicians and dentists.
Preserve: retirement, estate and succession
Estate planning
The corporation is taxed twice at death without a plan. With one, once, and at the lower rate.
Questions we get
Five questions physicians and dentists ask before they book
Should I incorporate?
Read the answer:For physiciansFor dentists
Salary or dividends?
What is the $50,000 passive income rule?
Is my OMA or CDSPI coverage enough?
Read the answer:For physiciansFor dentists
How do I get money out of my corporation tax-efficiently?
How it works
Four steps, and you can stop after any of them
01
Read
You send the certificate, the last corporate return and your current coverage. We read them before we say anything.
02
Assess
You get the three things we would raise first, with the Ontario numbers behind each one written down.
03
Plan
You get a short written plan: what to change, in what order, and what each step costs and saves.
04
Annual review
Once a year we check the plan against your corporate return and adjust it before the year end, not after.
What to bring to the first meeting: last year's T1 and T2, your corporate financial statements, your insurance certificates. If you do not have them handy, bring nothing and we will tell you what to find.
Featured tool
Salary or dividends: run it with your numbers
A corporation earning $400,000 and a household needing $150,000, at Ontario 2026 rates. Change either figure and watch what moves. Illustration only; see the assumptions.
Total tax — salary
$109,435
Total tax — dividends
$98,253
- Total tax: Salary $109,435, Dividends $98,253
- Retained in corp: Salary $140,565, Dividends $151,747
On these numbers, dividends leaves about $11,181 more after tax.
Salary vs. dividends, side by side
| Salary | Dividends | |
|---|---|---|
| Personal tax | $81,517 | $51,453 |
| CPP | $9,293 | $0.00 |
| Corporate tax | $18,625 | $46,800 |
| Retained in corporation | $140,565 | $151,747 |
| Net to you | $150,000 | $150,000 |
| RRSP room created | $33,810 | $0.00 |
Assumptions
- 2026 tax year. Sources: CRA T4127 Payroll Deductions Formulas, 122nd Edition, effective Jan 1 2026 (https://www.canada.ca/content/dam/cra-arc/formspubs/pub/t4127-jan/t4127-01-26e.pdf: federal K/V table, Ontario V-table, Ontario surtax V1 formula, Table 8.18 Ontario BPA) and CRA's 2026 indexation adjustment page (https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/adjustment-personal-income-tax-benefit-amounts.html: federal bracket thresholds and BPA). Verify each January.; Ontario 2026 Budget, Annex (https://budget.ontario.ca/2026/annex.html): small business CIT rate cut from 3.2% to 2.2% effective July 1, 2026, prorated for taxation years straddling that date; combined federal+Ontario small business rate falls from 12.2% to 11.2%. Federal small business rate (9%) and general combined rate (26.5%) unchanged, no 2026 change announced.; CRA line 40425, Federal dividend tax credit (https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-40425-federal-dividend-tax-credit.html) for gross-ups and federal credit rates (unchanged for 2026); Ontario 2026 Budget Annex (https://budget.ontario.ca/2026/annex.html) confirms the Ontario non-eligible dividend credit stays 2.9863% through 2026, dropping to 1.9863% only from Jan 1 2027..
- Assumes no other personal income unless supplied via otherPersonalIncome.
- CPP (employee + employer) is treated as a cost inside totalTax for the salary path, even though it purchases future CPP retirement benefit entitlement rather than being a pure tax.
- The 11.7 per cent combined small business rate is a calendar-2026 blend of 12.2 per cent to 30 June 2026 and 11.2 per cent after it, because Ontario's lower rate drops on 1 July 2026. Exact proration for a fiscal year straddling that date is not modelled.
- Ignores the Ontario Health Premium on personal income.
- Dividends are assumed non-eligible, paid out of income already taxed at the small business rate.
- RRSP room created is a tax deferral, not a tax saving — contributions are still taxed on withdrawal.
The trade-off
Association coverage or your own contract: the trade-off
Neither column wins outright. Association coverage is cheaper and easier to get; an individually owned contract is yours to keep and harder to change out from under you. Most physicians and dentists end up holding both.
| Association or group plan | Individually owned contract | |
|---|---|---|
| Definition of disability | Varies by plan. Some association contracts include own-occupation; many group plans move to any-occupation after two years. | Own-occupation is available and stated in the contract, priced as a rider on most policies. favourable |
| Premiums | Usually step-rated and reviewable, so the plan can reprice the whole class. | Guaranteed non-cancellable contracts exist, where the insurer cannot change the premium or the terms. favourable |
| Portability if you leave the association | Coverage generally ends with membership or employment. | The contract is yours. Membership, employer and practice can all change without touching it. favourable |
| Benefit cap | OMA Insurance and CDSPI both publish disability maximums around $25,000 a month. | Higher amounts are possible across insurers, subject to financial underwriting. |
| Underwriting | Often simplified, and there are enrolment windows with no medical evidence for new members. favourable | Full medical and financial underwriting, which is harder once a health history exists. |
| Cost | Lower at the start, with subsidised rates for residents and new members. favourable | Higher at the start, and fixed for the life of the contract on a non-cancellable policy. |
Full comparison, by profession: disability insurance for doctors · disability insurance for dentists.
Amalan on who this is for
From Learn
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Questions
Before you book
What does the 20-minute review cost?
Nothing. It is a conversation about your situation and three things we noticed. If insurance is implemented later, AT Financial Group is paid by the insurer; planning-only work is quoted as a flat fee in advance. How we are paid is on one page: /about/fees-and-how-we-are-paid.
Do you have a minimum?
No. Most people who book are incorporated, or about to be, but residents and associates are welcome.
Where do you meet?
By video, at your clinic or office, or in Pickering. We serve Durham Region first (Pickering, Ajax, Whitby, Oshawa, Clarington), then Toronto and the GTA.
Who provides what?
Insurance products and advice are provided by licensed advisors of AT Financial Group. Real estate services are provided by Amalan Mahendran, Sales Representative, The Agency, Brokerage.
Will I be sold something?
You will be shown the trade-off and asked what you want to do. Nothing on this site names a carrier as best, and no one is asked to buy anything at the dinner.
What is the relationship to AT Financial Group?
Beyond The Practice is the physician and dentist practice of AT Financial Group, a licensed Canadian financial planning firm. The advisors, licences and compliance are AT Financial Group's.
Next step
Twenty minutes, then you decide.
Tell us who you are and where you are in your career. You will hear back within one business day with two or three times.
Prefer to pick a time yourself? Online booking is not open yet; the form reaches us today.
Educational content only. Not individualized advice. Insurance products and advice are provided by licensed advisors of AT Financial Group. Licensed in Ontario.