GET $15,000 GRANT FOR DIGITAL TRANSFORMATION
Our team can help you access the $15,000 Canadian Digital Adoption Plan Grant and a 6 year interest free loan up to $100,000
The Canadian Digital Adoption Program (CDAP) is a Government initiative aimed at helping small and medium size businesses embrace digital transformation.
Successful applicants will get advisory services from ADA CPA valued at $15,000 to optimize and grow their dental practice
Do I Qualify?
- Revenue of $500k or more in any of the last 3 years
- Be a Canadian corporation or sole proprietor
- Be a for-profit, privately owned business
- Have between 1 – 499 full time equivalent employees
How does the grant work?
Eligible businesses will receive a $15,000 grant to develop a Digital Adoption Plan to grow & optimize your practice
Our Government selected advisor will work with you to create a detailed plan that can boost your business cash flow and productivity up to 20%.
We create an advisory package for the dentist where the fees are no more than $16,600. You contribute 10% ($1,660) and the government grant covers the balance.
Once you qualify for CDAP, you will automatically be eligible for an interest free loan of up to $100,000 to put towards technological advancements.
How an Interest-Free $50,000 Loan Can Save You $12,300 Over 6 Years Compared to a Traditional Interest Bearing Loan
| Year | Loan Balance | Payment | Ending Balance | Interest Savings | Interest Rate |
|---|---|---|---|---|---|
| 1 | $50,000 | - | $50,000 | $3,475 | 6.95% |
| 2 | $50,000 | $10,000 | $40,000 | $3,225 | 6.45% |
| 3 | $40,000 | $10,000 | $30,000 | $2,380 | 5.95% |
| 4 | $30,000 | $10,000 | $20,000 | $1,710 | 5.7% |
| 5 | $20,000 | $10,000 | $10,000 | $1,040 | 5.2% |
| 6 | $20,000 | $10,000 | - | 470 | 4.7% |
| Total Savings | $12,300 |
Testimonials
Dr. Harman Mangat
“I had the pleasure of working with Farooq Chaudhry of ADA CPA when I decided to sell my dental practice, and I can't ...more
“I had the pleasure of working with Farooq Chaudhry of ADA CPA when I decided to sell my dental practice, and I can't express how grateful I am for the exceptional service he provided. From start to finish, Farooq demonstrated an unparalleled commitment to ensuring my success in the sale of my practice.
Working with Farooq was remarkable due to his extensive expertise in the dental industry, including market trends, practice valuations, and the nuances of buying and selling dental practices. His valuable insights and market analysis ensured I made informed decisions throughout the process. His transparency and integrity gave me the confidence I needed during the negotiation phase, knowing that he was putting my financial well-being at the forefront.
I would not hesitate to recommend Farooq and his firm to other dentists.”
Dr. Preet Bhatii
“Farooq is very knowledgeable about dentistry. More so than anyone else I have met in dentistry that is not a dentist....more
“Farooq is very knowledgeable about dentistry. More so than anyone else I have met in dentistry that is not a dentist. Working in his dad's dental practice has given him insights that most financial professionals don't have. On top of that he brings financial acuity that dentists don't generally possess. He is a great resource for any practice owner who wants to grow their practice. I always look forward to my conversations with Farooq because I come away with new ideas or thoughts for my practice.”
Dr. Todd Sorbo
“We worked with Farooq and his team for our practice valuation and sale. I would highly recommend them. There are many...more
“We worked with Farooq and his team for our practice valuation and sale. I would highly recommend them. There are many decisions to manage during a sale which go beyond value analysis. In addition, their data metrics are superior to older fashioned valuation techniques.”
Dr. Jordan Turton
“I was introduced to Farooq and ADA CPA this past year, and I had a lot of questions with regards to practice expansio...more
“I was introduced to Farooq and ADA CPA this past year, and I had a lot of questions with regards to practice expansion - building out current space, acquiring new property and relocating, or opening a second office. Farooq has been amazing to say the least. His dental knowledge and IQ is very high, so he gets what is actually going on inside your office. He is attentive, prompt with replies, and extremely hard working. I would have had a very difficult time moving forward with my practice expansion without his help. I would (and do) recommend him to anyone looking to buy, looking to expand, or looking to sell their practice. Thank you Farooq and team for all your expertise.”
Dr. Jennilee Jamison
“Farooq has been a great help with my dental office! His background knowledge of the workings of dental offices is de...more
“Farooq has been a great help with my dental office! His background knowledge of the workings of dental offices is definitely an asset to assessing our numbers using his Powerdent software. He also does our bookkeeping and was able to help me get approved for a government grant-loan to upgrade the digital technology in my office. If you are looking for a number wizard to help you with your dental business, Farooq is your guy.”
Dr. Keith Dinglasan
“I was referred to Farooq initially during the Covid Pandemic. A colleague reached out to me to connect me with Faroo...more
“I was referred to Farooq initially during the Covid Pandemic. A colleague reached out to me to connect me with Farooq to apply for the BC small business Recovery Grant. At the stressful time, I was not even aware of this grant. Farooq was able to walk me through the application process, stress free and allowed me to receive some extra funding when it was dearly needed.
Fast forward to today and Farooq once again assistant us in receiving the Canada Digital Adoption Program Grant. Again, stress free. We used this to work with Farooq and his company who provided valuable analytics to help me understand the strengths and weakness of my business as they are today and how to improve it going forward. He was able to also give us high level understanding on how to take my business to the next level.
Farooq, on a personal level, is extremely easy to talk to and is very responsive when needed. I cannot thank my colleague enough for setting us up with Farooq a few years ago.”
Dr. Zina Alkafaji
“ADA CPA has shone a bright light on my practice, allowing me to see it with new eyes.
The reports provided analyze im...more
“ADA CPA has shone a bright light on my practice, allowing me to see it with new eyes.
The reports provided analyze important financial aspects that assist me in setting goals and steering them purposefully in the direction I would like my practice to go. The team welcomes meetings to answer questions about my office. I found the experience working with ADA CPA easy, intuitive, and illuminating.”
Drs. Ivan Jin and Grace Wong
“I can’t say enough about Farooq and his incredible team at Apex Dental Advisors. Their deep expertise in analytics,...more
“I can’t say enough about Farooq and his incredible team at Apex Dental Advisors. Their deep expertise in analytics, accounting, commercial financing, and practice management has been a game changer for our practice. Their insights and tailored recommendations backed by thorough analysis have not only allowed us to achieve more of our practice goals but also prioritize and spend more time with our family. They are responsive, dedicated and go beyond being advisors; They are true partners committed to helping your practice succeed. I highly recommend Apex Dental Advisors to any dentist looking to achieve sustainable long term growth and elevate their practice’s performance.”
Dr. Misra and Morwick
“We met Farooq and his team at the Manitoba Dental Conference. He helped us with the CDAP Grant. Farooq’s team has v...more
“We met Farooq and his team at the Manitoba Dental Conference. He helped us with the CDAP Grant. Farooq’s team has very specific dental industry knowledge and we have been very happy to work with him.”
Dr. Ryan Head
“I started working with Farooq after meeting him at the MDA conference in the spring of 2023. He has been a big help ...more
“I started working with Farooq after meeting him at the MDA conference in the spring of 2023. He has been a big help for me to understand areas where my practice is doing well and where I can improve. He is very friendly, easy to talk with and has a great amount of experience working with other dentists. I would recommend him to anyone looking to improve their practice."
Dr. Miekella Okyere
I have had the distinct pleasure of working with Farooq from Apex Dental Advisors as my accountant for the past five yea...more
I have had the distinct pleasure of working with Farooq from Apex Dental Advisors as my accountant for the past five years, and I am delighted to provide a glowing testimonial for his exceptional services.
What sets Farooq apart is his unparalleled understanding of the dental industry. His unique experience working with dentists has proven to be an enormous asset, providing insights and strategies that extend far beyond basic accounting. Farooq's knowledge of the industry has been instrumental in enhancing the efficiency and profitability of my clinic.
During the challenging times posed by the COVID-19 pandemic, Farooq demonstrated exceptional dedication by actively seeking out and securing grants that greatly benefited my practice.
Working with Farooq has been an absolute pleasure. His professionalism, attention to detail, and commitment to client success make him and his team stand out. I wholeheartedly recommend Farooq and Apex Dental Advisors to any dental professional seeking not just an accountant but a strategic partner dedicated to the growth and prosperity of their practice.
Drs. Sharon and Indy Dulay
We had the pleasure of working with Farooq and Phil on the sale of our practice this past summer. Farooq really got to k...more
We had the pleasure of working with Farooq and Phil on the sale of our practice this past summer. Farooq really got to know us and really worked hard to find the right fit. Phil always had the information we needed to answer any of our questions. They were both diligent and professional. We appreciated Farooq's business dental knowledge and Phil's expertise in the details. They had our best interests in the forefront and we were fortunate to have them take care of the sale. We would highly recommend them and not hesitate to work with them again if needed.
Drs. Parth Naik and Anshika Taneja
It has been a great experience working with Farooq, he is very proficient and handled our finances seamlessly. We would ...more
It has been a great experience working with Farooq, he is very proficient and handled our finances seamlessly. We would recommend him to our colleagues.
Dr. Greg Marasa
We were very happy with Farooq and the analytics he has done for us. He not only is a wizard with the software he has c...more
We were very happy with Farooq and the analytics he has done for us. He not only is a wizard with the software he has created, but he has dental knowledge to know how to understand the data and help it make sense for our office. He was able to pinpoint the inefficiencies or areas to spend more time on in order to help our practice run more efficiently. I would highly recommend his service.
Dr. Darren Sam
We connected with Farooq through the Canada Digital Adoption Program (CDAP). We were looking for a local advisor with ex...more
We connected with Farooq through the Canada Digital Adoption Program (CDAP). We were looking for a local advisor with experience working with dentists. It has been an absolute pleasure working with him. Farooq is very organized and passionate about helping dentists get the most out of the CDAP. His enthusiasm is contagious and we look forward to implementing his recommendations to my practice. I would highly recommend contacting Farooq if you are looking for a CDAP Digital Advisor. - Dr. Darren Sam
I completed the loan application for Darren. We will let you know if there are any issues.
We enjoyed getting to know you and appreciate the advice given. We hope to reconnect and work with you again in the near future.
Dr. Ryan Thomas and Janice Thomas
It is a pleasure working with Farooq. He understands the dental industry well and along with his diverse background in a...more
It is a pleasure working with Farooq. He understands the dental industry well and along with his diverse background in accounting and finance he is able to identify insufficiencies within our practice and help implement proven strategies to enhance both our professional and personal financial situations. We always look forward to our meetings with Farooq as we continue to improve our business and plan for our future.
Dr. Andrew J. Irwin
I reached out to 3 of the government provided options for the CDAP Grant, after asking my accountant who said that they ...more
I reached out to 3 of the government provided options for the CDAP Grant, after asking my accountant who said that they were not doing that. One never responded to me, one found out I was a different time zone and told me to find someone closer to home. ADA CPA responded within 12 hours, and we got started almost right away. They have made the whole process very simple and quick. I qualified for the Grant and an Interest Free Loan from the government CDAP program. Farooq has been incredibly helpful with other financial and tax related issues. He is so quick and thorough, that we have decided to move over all of our accounting to ADA CPA. I have been a Dentist for 10 years now, and I have been given a lot of bad advice from accountants. I have often wondered why I pay my accountants so much if I am the one telling him about grants and tax credits. I feel like an accountant should be working to save you money, not just doing your taxes and taking a payment. Farooq and the team at ADA CPA works for you. They understand Dentists, and know how to help you make money, save money and keep your money. I highly recommend ADA CPA for any Dentist. You won’t regret using them.
Erica Klemola
We have been working with Farooq for some time now. His insights at the beginning were very helpful in assessing our eff...more
We have been working with Farooq for some time now. His insights at the beginning were very helpful in assessing our efficiency and systems. Then, over time, I have had the opportunity to make adjustments and learn more specifically how the things we learn from Farooq can shape the way we move forward as an office. We have used his knowledge inform specifics in hiring such as our capacity for more hygiene hours, we have also used them to guide our ordering systems and booking protocols. Working together has been so helpful. It is abundantly clear to me that this helps us in the short term in a literal way but also will benefit the practice in the long term as we have learned other critical considerations to be used by our management team.
Dr. Eric Enger
Farooq has been central to my success! He expertly negotiated my first clinic and land purchase offering sound advice th...more
Farooq has been central to my success! He expertly negotiated my first clinic and land purchase offering sound advice throughout, empowering me with the confidence and knowledge to comfortably operate my first business!
Dr. Akash Bansal
Farooq has been a great dental advisor for myself. He’s been a valuable resource when it comes to dental practice acqu...more
Farooq has been a great dental advisor for myself. He’s been a valuable resource when it comes to dental practice acquisitions and reviewing appraisals. His analytics software has also allowed me to make my practice more efficient.
Drs. Daniel Seller & Mallory Laframboise
We have been working with Farooq and his team for about nine months and we’re so glad we decided to use his dental con...more
We have been working with Farooq and his team for about nine months and we’re so glad we decided to use his dental consulting services. Farooq is knowledgeable, realistic, and a very effective communicator. Our practice is well established and productive, but we were having a difficult time identifying inefficiencies in old systems that have, “always been done this way”. Farooq and his team did a deep drive into our clinic’s inner workings and identified specific areas we should be focusing on to become even more productive. After identifying our areas needing improvement and offering solutions, he was able to quantify our gains. We were able to increase our efficiencies and grow our practice by 15% based on last year’s statistics. Our monthly check-ins with Farooq were always eye opening, from reviewing our year end balance sheet, to assessing our monthly production by provider and by code, and comparing those numbers to similarly sized clinics. Thank you to Farooq and his team for helping us find our inefficiencies, providing solutions and quantifying our improvements and successes. We look forward to working with him and his team moving forward.
Our CDAP Clients
