Purtzki, Johansen + Associates

Dentists

We have served the dental profession for more than 40 years and know what it takes to establish and maintain a thriving practice.

Whether you are just starting your career, are established and looking for ways to increase revenue and decrease expenses, or are planning to retire, we can be of assistance.
Our business advisory services include:

  • Dental Practice Management
  • Systems & Facilities Evaluation
  • Tax & Accounting
  • Bookkeeping Services
  • Valuation of Practice
  • Practice Transition Services
  • Practice Marketing Services

We evaluate your current systems, procedures and facility management to measure efficiency and effectiveness to optimize your income. We offer industry comparison reports, so you can measure your practice’s performance against other practitioners.

For more information about practice sales and transitions, visit:

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  • The BC 2024 Budget The Federal Budget 2024 in a Nutshell (4/17/2024) - The 2024 Federal Budget (see link at bottom for complete budget) was released on April 16, 2024. The following are some of the key proposals announced. Enhancements to Home Buyers’ Plan (“HBP”) The budget proposes to increase the HBP limit from $35,000 to $60,000 to allow first-time home buyers to utilize… Continue Reading
  • 2024 financial checklist for doctors 2024 financial checklist for dentists (3/6/2024) - Here are a few ideas for your 2024 financial checklist to help put you into an even better financial position by this time next year. Despite the higher interest rates and fear of the recession in 2023, many dentists who invested in the stock market made over 20%. Many wonder… Continue Reading
  • How much more CPP you will have to pay in 2024 (3/6/2024) - Many income earners in 2024 will pay a larger portion of their salary toward Canada Pension Plan (“CPP”) contributions. Starting in 2024, the enhanced CPP now has two earnings ceilings. In the first tier employees contribute a portion of their earnings to CPP, up to a government-set threshold of $68,500… Continue Reading
  • dental transition market 2024 What is the current state of the dental transition market in B.C.? (3/6/2024) - Starting in Q3 of 2023, the transition market has picked up as interest rates stabilised and the economic outlook became more positive. Interest rates are expected to hold steady or decrease slightly in 2024. Is now a good time to buy a dental practice? The transition market in B.C. is… Continue Reading
  • The BC 2024 Budget The BC Budget- what you need to know (3/6/2024) - 1. Targeting home flipping The 2024 B.C. Budget introduces a tax on proceeds from the sale of residential real estate in British Columbia. Effective for properties sold after December 31, 2024, the tax targeting home flipping activity will apply to income from the sale of property (and the assignment of contracts… Continue Reading
  • Purtzki - Speculation tax Expansion of BC Speculation and Vacancy Tax to more Communities (12/27/2023) - The BC government announced it is expanding the current Speculation and Vacancy Tax to include 13 more communities below: Vernon, Coldstream Penticton, Summerland Lake Country, Peachland Courtenay, Comox, Cumberland Parksville, Qualicum Beach Salmon Arm Kamloops As a reminder, the tax applies to residential properties in BC that are not a… Continue Reading
  • Purtzki Economic summit Fall Economic Summit Release (12/27/2023) - On November 21, 2023 the federal government released its annual Fall Economic Summit. Some of the key highlights to note are as follows: Rental expense deduction for non-compliant short-term rentals A new rule prevents short-term rental operators from claiming an income tax deduction for expenses incurred to earn short-term rental… Continue Reading
  • Purtzki-eviction notice Don’t let the lease termination spoil your retirement (12/27/2023) - After 25 years of looking after patients, Dr. Bob, who just turned 60, looks forward to working less and spending more time on his leisure activities. He is planning to sell his practice in a few years. When he checked the lease, he realized he could not extend the lease… Continue Reading
  • CEBA Loan Deadline Extension (11/8/2023) - CEBA Loan Deadline Extension The government announced a long-awaited deadline extension for the Canada Emergency Business Account (CEBA) loan repayments. Deadline Extension The repayment deadline has been extended to January 18, 2024 (from the previous December 31, 2023) due to December being a busy time of year for many businesses.… Continue Reading
  • Don’t miss the (FHSA) contribution deadline of December 31 (11/8/2023) - The deadline to contribute to a First Home Savings Account (FHSA) and get a deduction on your 2023 tax return is December 31, 2023. We previously wrote about the details of the program below: https://www.purtzki.com/justfordoctors/the-first-home-savings-account-fhsa-what-you-need-to-know/ Some planning tips to consider: The FHSA is only available to First Time Home Buyers.… Continue Reading

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