Scott Kok, Senior Wealth Associate

Scott Kok, Senior Wealth Associate Helping Dentists Build Wealth | Senior Wealth Associate & Financial Planner | BMO Private Wealth

I'm Scott Kok, a Senior Wealth Associate & Financial Planner with Surcon Mahoney Wealth Management at BMO Private Wealth

I specialize in helping dentists navigate the financial decisions that come with building wealth. Over the years, I've found that many dentists face similar questions:
• Should I incorporate?
• How do I balance paying down debt with investing?
• Am I using my corporation effect

ively?
• When does practice ownership make sense?
• Am I on track for retirement?
• How can I reduce taxes while building long-term wealth? These are important decisions, but they can often feel overwhelming when you're already focused on growing a practice, managing a team, and maintaining a busy schedule. My role is to simplify the complexities of wealth planning and help clients make confident financial decisions. Whether you're early in your career, purchasing a practice, building corporate assets, or preparing for retirement, I work with you to create a strategy that aligns with your goals. I regularly share insights on financial planning for dentists through articles, blogs, and educational content, including publications featured in Canada’s top dental blogs.

� Winnipeg, Manitoba
� www.surconmahoneywm.com

For disclaimer details, please visit:
https://www.bmo.com/privatebanking/pdf/pwsocialdisclaimer.pdf

08/26/2026

Whether you support it or not, the CDCP is reshaping dentistry in Canada.

The expansion of the Canadian Dental Care Plan (CDCP) is bringing more Canadians into dental offices and changing the way many practices operate.

While opinions on the program vary, it's creating important conversations around:

✅ Patient demand
✅ Scheduling and capacity
✅ Staffing needs
✅ Practice operations
✅ Access to care

I'm curious to hear from dentists and practice owners:

Has CDCP had a noticeable impact on your practice yet? If so, what changes have you seen?

08/20/2026

A surprising reality:

Many dentists can tell me the value of their home within minutes.

But when I ask what their practice is worth, the answer is often, "I'm not really sure."

For many dentists, the practice is their largest asset.

Yet it's often the asset that's reviewed the least.

08/17/2026

One of the more interesting changes for Canadian dentists has nothing to do with taxes or incorporating.

The federal government recently expanded its student loan forgiveness program to include dentists working in eligible rural communities.

That means up to $60,000 of federal student loan forgiveness over five years.

So if you're a new grad weighing your options of...

• Potential student loan forgiveness
• Higher associate compensation vs. many urban markets
• Lower cost of living

I'm curious whether this will actually influence where new grads choose to practice, or if lifestyle and location preferences will continue to outweigh the financial incentives.

08/14/2026

A Dentist recently came to us wanting to incorporate.

Their lawyer and accountant both said “it’s what people at their income level should be doing”.

But after a quick conversation, something important came up.

They were still carrying significant student debt and high interest credit card balances at 20%+ interest. Incorporating now would have cost this Dentist thousands per year… and provided absolutely zero benefit to their current situation.

It’s like walking into your Dr.’s office and the Dr. prescribing you antibiotics before you’ve even said a word because “That’s what sick people do”.

Instead, we focused on cleaning up the high-interest debt and strengthening their foundation. That decision alone will save thousands in unnecessary interest each year.

A lot of advice can technically be “right”, but it may just not be the right time especially if you don't ask the right questions.

07/23/2026

What do you think is a reasonable amount for the Tooth Fairy to leave these days?

I remember growing up it was around $1-2 per tooth.

Curious to know what other parents are giving now. Has inflation hit the Tooth Fairy?

06/03/2026

I’ve been noticing a bit of a shift in conversations lately.

Not so much around income or savings and more around time being scarce.

It tends to come up indirectly at first. Talking about work and how things are going… then somewhere along the way, the conversation turns into how different things feel once kids are in the picture.

Before kids, the days felt full but manageable. After kids, the days feel the same length but completely different.

Same number of hours in the day, but now every free hour has a trade-off attached to it.

Staying late at work meant missing bedtime or the mini soccer game where they just ended up picking dandelions and eating snacks instead of kicking the ball.

Taking on more responsibility meant giving something else up. And for the first time, the question wasn’t “how do I earn more?” It was “what’s actually worth my time right now?” I’ve been hearing versions of that more often.

People who are doing well financially but starting to think differently about where their time and energy goes. Because at a certain point, it’s not really about maximizing income anymore.

It’s about deciding which parts of life actually deserve your time and then making your financial decisions to support that.

It could mean stepping back slightly from things that don’t actually move the needle anymore… even if they used to.

One thing that comes out of these conversations is surprisingly simple:

Treat your time the same way you treat your money. Be intentional about where it goes. Decide what it’s for instead of just letting it get absorbed by whatever’s in front of you.

Because once that becomes clear, a lot of other decisions start to fall into place a bit easier.

11/28/2025

🔍 Fun Fact Friday - Tax Free Saving Accounts

Did you know your TFSA isn’t just for saving cash? You can invest in stocks, bonds, ETFs—even options—and all the growth is 100% tax-free. 📈🔥

Yet, 47% of Canadians still hold only cash in their TFSAs—missing out on the opportunity for much greater tax-free growth through investing. [fool.ca]

Most Canadians miss out by treating it like a regular savings account. But it’s actually a tax-free investment shelter—meaning your dividends, interest, and capital gains can grow without ever being taxed, and you can withdraw anytime. 💼💰

11/21/2025

🔍 Fun Fact Friday: Employer Matching Plans

Did you know that many Canadian employers offer RRSP matching—where they contribute to your retirement savings based on what you put in? That’s essentially free money for your future! 💸

But here’s the catch: you only get the match if you contribute. If your employer matches up to 4% of your salary and you only contribute 2%, you’re leaving money on the table. 😬

✅ Check with HR to see if you’re eligible.
✅ Contribute enough to get the full match.
✅ Watch your retirement savings grow—tax-deferred!

11/14/2025

🔍 Fun Fact

Did you know? If your child doesn’t end up pursuing post-secondary education, you can roll RESP investment earnings into your RRSP—tax-deferred—if you have contribution room. 💡

Most people worry about “wasting” RESP savings if plans change, but the government allows you to transfer up to $50,000 of RESP earnings into your RRSP to keep growing your money. 📈

Plus, RESP contributions aren’t tax-deductible, but they grow tax-free—and the government adds up to $7,200 in grants per child through the Canada Education Savings Grant (CESG). 🎁

RESPs can stay open for up to 36 years, giving families flexibility and time to plan. 🕒

11/07/2025

🔍 Fun Fact Friday

Did you know? The FHSA lets you save up to $40,000 tax-free for your first home—and unlike RRSP withdrawals under the Home Buyers’ Plan, you don’t have to pay it back! 🙌

It combines the best of both worlds: tax-deductible contributions like an RRSP, and tax-free withdrawals like a TFSA. 📊

If you’re planning to buy your first home, this account could help you get there faster—especially in today’s housing market. 🏡

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