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A Home Equity Line of Credit for a Tax-free Retirement

Doctors are uniquely placed to reap the benefits of a Home Equity Line of Credit (HELOC). Substantial earnings, home ownership, and financial stability mean that tapping into the equity of your home to supplement your income at retirement is a great … [Read more...]

The B.C. Speculation and Vacancy Tax (SVT) – What You Need to Know

All owners of residential property in designated B.C. areas including corporate owners, partnerships and trustees, must make an annual declaration to report the residential property and either claim an exemption from the SVT or pay the tax. For … [Read more...]

Three Ways You Can Still Split Income

Over the last year we have been working with many doctors to minimize the drastic increase in personal taxes as a result of the Tax On Split Income (TOSI) rules. Here are three strategies that allow you to still income split with family members in … [Read more...]

Pay off Your Debts Quickly and Start Living

“Always live within your income, even if you have to borrow money to do so.” - Josh Billings Bank loans and mortgages are a fact of life for most of us, and doctors are no exception. Most young doctors start their career with no assets and big … [Read more...]

Permanent Insurance as a Retirement Vehicle

Many insurance agents will try to sell you a permanent life insurance policy as a retirement vehicle. They’ll tell you it’s a great forced savings vehicle that grows with taxes deferred, just like an RRSP, and then offers the option to receive those … [Read more...]

5 Big Estate Planning Mistakes
(and How to Avoid Them)

Not having an updated will One of the biggest mistakes in planning for your heirs is not to have an estate plan at all. If you do not have an updated will, you are not alone. According to a survey by BC Notaries, only 55 per cent of BC residents … [Read more...]

Don’t let the CRA Grinch ruin your Christmas party

Before you uncork the Dom Perignon champagne to celebrate another successful year with your employees, you need to check the rules regarding taxable employment benefits for staff. Basically, CRA’s position is: “If you provide a free party or other … [Read more...]

Year-end tax planning checklist

There are only three weeks left until Dec. 31, and there is no better time than now to compile your annual checklist of tax saving strategies, designed to reduce your income tax bill for 2018. Convert dividends to capital gains. If you took … [Read more...]

Want to boost your portfolio returns? Don’t tinker with it!

If you are in the habit of checking your investment portfolio daily, you should find yourself a new hobby. Stop tinkering and your investment portfolio will grow that much faster. This conclusion was the result of a 10-year study of mutual fund … [Read more...]

‘Pensionize’ your Corporate Savings

As you squirrel away your excess cash in a corporate investment account, you eventually face the question of how to convert your savings into retirement income. If you are seeking a sustainable, life-long retirement income, look no further than … [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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