Purtzki Johansen + Associates


Just for Doctors Newsletters

Creditor proofing your assets

  There are three basic objectives when planning for your retirement: Maximize your wealth: work hard and live frugally. Pay the absolute minimum tax on your income. Don't have creditors steal your retirement nest … [Read more...]

Not happy with your investment returns? Find a new portfolio manager!

If you find that your investment portfolio manager is making more money from your portfolio than you are, you may want to put an end to this unproductive relationship quickly. The money you put aside for retirement comes from spending long hours in … [Read more...]

The incredible shrinking investment return

You are investing in the Canadian stock market which has enjoyed a robust average annual growth of 8.5 per cent for the last 30 years. Yet, your investments have you perplexed or more likely depressed, because these stock market gains are not … [Read more...]

Federal budget splurges on zero emission vehicles

The government in its latest federal budget has put aside $300 million as an incentive to purchase zero emission vehicles (ZEV). The monies will be spread over three years and will give buyers $5,000 toward the purchase of a ZEV. The incentive … [Read more...]

Manage energy, not time

The number of hours in a day is fixed, but the quantity and quality of energy available to us is not. This fundamental insight is the main theme in the book “The Power of Full Engagement” by Jim Loehr and Tony Schwartz. The book came out 10 years … [Read more...]

The 2019 Federal Budget – what’s in it for you?

Spoiler alert: the dividend to capital gain conversion survived Here is an executive summary of Tuesday’s Budget: No Tax Rate Reductions– the 2019 Federal Budget contained no personal or corporate tax rate reductions. Intergenerational … [Read more...]

Life after medicine: retirement tips from doctors who are already there

The American Medical Association surveyed 1,200 retired physicians for its 2018 report on retired physicians to find out what makes for a successful retirement. The report found a large majority of retired doctors – 80 per cent – have a satisfying … [Read more...]

Should you delay receiving old age security benefits?

Anybody age 65 or older who has lived in Canada for at least 40 years after age 18 is eligible to receive the maximum Old Age Security (“OAS”) benefit. For the first quarter of 2019, the maximum monthly payment is $601.45. No contributions are … [Read more...]

Tax Deduction Checklist

  Meals and Entertainment Maximum amount that can be claimed is 50% of the actual cost of food, beverages and entertainment and incurred.   The 50% limit also applies to gift certificates for food and beverages and tickets to … [Read more...]

Plan your 2019 Taxes Now and Save Big!

Many doctors are taking advantage of a tax strategy of converting the regular dividends from their corporations into a capital gain generating huge savings. To illustrate, the capital gains tax on $200,000 of income from the corporation is about … [Read more...]

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