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: Transitions-Logo
For more information about practice management services, visit: Becker Practice Management
For more information about dental practice resources, visit:
Just for Dentists

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  • The Canada Emergency Wage Subsidy – What does it mean to you? (4/2/2020) - Here are the highlights of the Wage Subsidy as released by Finance Minister Bill Morneau on April 1, 2020. No draft legislation has been released yet, but you can expect that the details of the program will be refined. Here is the summary. Canada Emergency Wage Subsidy (CEWS) Equal to… Continue Reading
  • What you need to know about the COVID-19 Economic Response Plan (3/23/2020) - The government just released its Economic Response Plan. Here are the changes that you should be aware of. Tax deferral-business: Businesses are able to defer payment of income tax until September 1, 2020. This deferral applies to tax balances and instalments that are owing on or after March 18, 2020… Continue Reading
  • Your investments and the coronavirus (3/16/2020) - Investors are already facing the devastating impact of the coronavirus. The stock market went into free fall in early March, eradicating many years of investment gains. Looking at the ruins of a prosperous investment portfolio, investors are wondering how to react to the precipitous drop in value of their retirement… Continue Reading
  • More dentists are making less money and what to do about it (3/16/2020) - While the demand for dental treatments is stagnant, the supply of dentists is increasing steadily. Unable to fill their daily appointment books, many dentists are experiencing a decline in revenue. As more dental clinics open, there is also a shortage of qualified personnel, and dentists are forced to pay higher… Continue Reading
  • Don’t miss out on the capital gains exemption (3/3/2020) - You cannot start too soon getting prepared for the eventual sale of your practice. In fact you should make sure right now that you have the full entitlement of $883,000 of the capital gains exemption available. If you are expecting the sales price to exceed your limit, you need to… Continue Reading
  • Never give up on your dream of practice ownership! (3/3/2020) - There is no greater reward in your dental career than working in your own practice. The unabated enthusiasm and passion for dentistry displayed by senior dentists who started their own practices attests to this. Many are still going strong after 30 years in the business because they enjoy working in… Continue Reading
  • Plan your 2020 Taxes now and save big! (3/3/2020) - Many dentists 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 $22,700, compared to a tax of $54,500 on dividend income. A… Continue Reading
  • RRSP fees: from inside the RRSP or outside? (2/18/2020) - In a recent tax and estate planning report CIBC examined the question as to how best management fees for RRSPs should be paid. Should the fees come from inside the RRSP or be paid using outside funds? Intuitively, you might think that you would always be better off paying investment… Continue Reading
  • Harnessing the Power of Compounding (2/18/2020) - If you had to choose between a gift of $5 million today or one penny that would double in value daily for 31 days, which would you pick? If you chose the compounding penny option, you are the winner. That option would give you $10,737,418 in 31 days. That’s an… Continue Reading
  • The Perils of Buying Cash Value Life Insurance (2/4/2020) - Financial advisors are targeting high net worth individuals with a strong cash flow. The scheme is to make large deposits in a life insurance policy which creates an early cash surrender value (CSV). Then they arrange for a loan secured by the CSV. The loan proceeds are then invested. This… Continue Reading

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