Purtzki Johansen + Associates

Physicians

Unlike any other professional sector we encounter, medical practices present a unique challenge in providing accounting, tax and consulting services.

As a result of continuing political changes in the health-care field, physicians are under constant pressure to increase revenues and control costs at the same time. Due of this pressure, physicians require an advisor who will deliver both traditional and specialized accounting, creative tax solutions, and consulting services. This is where we excel.

Over the years, we have tracked changes and forecast trends to ensure we meet the unique challenges of managing medical practices.

For more information about medical practice resources, visit: Just for Doctors

Newsletter

Sign up for our Newsletter

  • Creditor proofing your assets (4/17/2019)-   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 egg. Doctors do not seem to worry much about creditors. The reason for this is CMPA,… Continue Reading
  • Not happy with your investment returns? Find a new portfolio manager! (4/17/2019)- 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 the practice, and you should expect that… Continue Reading
  • The incredible shrinking investment return (4/2/2019)- 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 reflected in your portfolio. What is the reason?… Continue Reading
  • Federal budget splurges on zero emission vehicles (4/2/2019)- 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 applies only to vehicles with a maximum purchase… Continue Reading
  • Manage energy, not time (4/2/2019)- 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 ago, but… Continue Reading
  • The 2019 Federal Budget – what’s in it for you? (3/21/2019)- 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 Transfers– no legislative proposals were introduced in Budget 2019 to address intergenerational transfers of business interests.… Continue Reading
  • Life after medicine: retirement tips from doctors who are already there (3/21/2019)- 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 retirement. Many retired doctors noted the importance of a… Continue Reading
  • Should you delay receiving old age security benefits? (3/21/2019)- 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 required as OAS is paid out… Continue Reading
  • Tax Deduction Checklist (3/7/2019)-   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 sporting events and concerts purchased for patients or staff.   100%… Continue Reading
  • Plan your 2019 Taxes Now and Save Big! (2/20/2019)- 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 $23,100, compared to a tax of $55,200 on dividend income.  A… Continue Reading

See All Blog Posts →

Back to Top