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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  • Christmas in July for Seniors It’s Christmas in July for Our Seniors (6/29/2020) - If you are a senior eligible for the OAS pension you will receive a payment of $300 and those of you who are eligible for the GIS will receive an additional $200. This is a special one-time tax-free payment from Santa in Ottawa that will be delivered to about 6.7… Continue Reading
  • The 1.99% five year fixed mortgage rate is here! (6/29/2020) - HSBC is offering a 1.99% fixed mortgage rate for default-insured mortgages. The uninsured five-year fixed rate is about 2.29%. You only need a down payment of 20% of the purchase price. Compared to the 2.99% rate in the market today, a $1 million mortgage at 1.99% will save you $500… Continue Reading
  • CRA loan interest of 1% will boost income splitting loans (6/29/2020) - Effective July 1, 2020, the prescribed rate of interest will drop from 2% to 1%. The 2% rate was established on April 1, 2018. It is fantastic news for those in a high tax bracket who want to transfer investment income to family members in a lower tax bracket. To… Continue Reading
  • Home Office Expences Tax tips for employees who work from home during COVID-19 (6/16/2020) - If you are working from home, you are eligible to deduct home office expenses, if you meet at least one of the following conditions: The home office space is where the employee principally does the work (meaning more than 50% of the time), or The home office space is used… Continue Reading
  • The Current State of Dental Transitions (6/16/2020) - The COVID-19 crisis has a particularly big impact on dentists 65 years or older as they are now forced to reassess their exit strategy. The retirement age of dentists has been creeping up over the years and is now at 69.4 years of age. A dentist planning to retire in… Continue Reading
  • Not Many Takers of the Commercial Rent Relief Program (6/9/2020) - Only 16,000 of Canada’s 1.2 million small businesses have applied for the Canada Emergency Commercial Rent Assistance (CECRA) in the first week. A survey by the Canadian Federation of Independent Businesses found that 40% of Canadian small businesses, or at least 400,000 businesses, are eligible for CECRA. The purpose of… Continue Reading
  • 2020 Tax Planning Our Top 2020 Post-Tax Season Planning Tips (6/9/2020) - How did you survive the tax season? Don’t ask your accountant how it went. Instead of being reunited with their families in May for a well-deserved R&R, the tax season was extended until June 1. Looking for additional tax revenues to pay back some of the ballooning federal deficit, Ottawa… Continue Reading
  • Will my practice ever go back to normal? (6/2/2020) - Will my revenues bounce back to the pre-Covid- 19 level? And if so, when is this likely to happen? To find an answer to these questions which are on every dentist’s mind, we could not find any Canadian publication that was helpful. However, we came across an in depth study… Continue Reading
  • Purtzki-CEBA Businesses without employees now eligible for CEBA (5/21/2020) - Owner-operated businesses including professional practices will soon be able to apply for the Canada Emergency Business Account (“CEBA”). The program will now be available to a greater number of businesses that are sole proprietors receiving income directly from their businesses, businesses that rely on contractors and family-owned corporations that pay… Continue Reading
  • Apply now for the B.C. Emergency Benefit for Workers (5/4/2020) - On May 1, 2020, online applications opened for the B.C. Emergency Benefit for Workers (BCEBW) The BCEBW is a one-time, tax-free payment of $1,000 for eligible B.C. residents whose ability to work has been affected due to COVID. In order to be eligible for the BCEBW, individuals: Reside in B.C.,… Continue Reading

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