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Would you like some tax-free income?

The most significant tax-free receipt is the principal residence exemption. However, there is other income that is not taxed, such as: inheritances and bequests from a deceased person any gifts, provided they are not disguised as employment … [Read more...]

When the sale of your home becomes taxable

When you sell your principal residence, you are not guaranteed a tax-free sale. It depends on your situation. If you use the principal residence exemption (PRE) quite a bit more than the average Canadian, you will draw the attention of the tax … [Read more...]

Repaying the $40,000 CEBA loan

You have until December 31, 2020, to receive a $40,000 loan under the Canada Emergency Business Account (CEBA) program. The purpose of this program is to help eligible businesses pay for operating expenses, payroll and other non-deferrable … [Read more...]

How President Biden would impact your stock portfolio

Billionaire hedge fund manager Paul Tudor Jones said in a CNBC interview last week that a Biden presidency will mean a huge boost in stock prices in the first quarter of 2021.The market rally is fuelled by an expected massive fiscal stimulus which … [Read more...]

CEWS audit strategy is intimidating

The Canada Revenue Agency (CRA) has started to audit the Canada Emergency Wage Subsidy (CEWS), and it took employers and accountants by surprise. The purpose of the CEWS audit program, according to CRA, “is to identify the types and levels of … [Read more...]

You need to know your break-even point

These are challenging times for a practice owner. You have to handle many issues, such as infection controls, staffing, lower patient volume and patients with health and financial concerns. To measure the financial recovery of your practice, you … [Read more...]

B.C.’s Economic Recovery Plan

The BC government introduced its economic recovery plan, which provides the following incentives for businesses and professionals. Here is a summary. BC PST Rebate on Machinery & Equipment Effective September 17, 2020, eligible … [Read more...]

September 30 is deadline for personal taxes and instalments

On September 30, you have to pay any income taxes owing on your 2019 personal income tax returns. You will not be charged penalties and interest, as long as you make the payment and file the return by the September 30 deadline. September 30 is … [Read more...]

Are you financially prepared to support your aging parents?

Many Canadians expect that providing financial support to their elderly parents will have a major impact on their finances, a 2019 survey commissioned by FP Canada reveals. Of more than 1,500 Canadians surveyed, 14% among those with a living … [Read more...]

Brace yourself for a tax on your home

The worry about a tax on your principal residence started with an article in the Blacklock’s Reporter. It claims that the federal government is considering a home equity tax and that CMHC is spending $250,000 to research this initiative at the UBC … [Read more...]

Our New Dentist Program is designed to help new dentists start their career with a solid financial foundation.

What sets us apart from other dental CPA firms is our years of experience working closely with dentists. We offer an unmatched skill set that goes way beyond routine accounting and tax planning. From Practice purchase or Start up assistance and loan financing to practice management and financial/retirement planning, we will help you manage every aspect of the financial side of your dental career.

Call at 604-669-7558 or email us at info[at]purtzki.com to request a free consultation.
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