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:

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  • 2024 financial checklist for doctors Practice Acquisition Checklist (3/5/2025) - Purchasing a dental practice is one of the biggest decisions a dentist will have in their career. We have seen dentists rush into purchasing a practice later realizing it was a mistake. Below is a sample of a due diligence checklist to ensure you get a true picture of the… Continue Reading
  • Practice Sale Checklist (3/5/2025) - If you want to sell your practice for more than you ever imagined, it’s easy, just focus on the following transition planning checklist. Remember it is never too early to start. As the Chinese proverb says, “The best time to plant a tree was 20 years ago. The second-best time… Continue Reading
  • Multiply the Capital Gains Exemption (3/5/2025) - You cannot start too soon getting prepared for the eventual sale of your practice. Even if a sale is many years away, you don’t want your family stuck with a significant tax bill in the unfortunate event of a forced sale, for example from the result of a dentist’s unforeseen… Continue Reading
  • CDA Strip – How Triggering a Capital Gain Can Actually Save Tax (3/5/2025) - 2024 was a year of uncertainty surrounding the potential increase of capital gain inclusion rates from 50% to 66.7%. Many clients were struggling with the decision of whether or not to trigger capital gains prior to the proposed June 25, 2024 implementation date. Some triggered large gains in advance, some… Continue Reading
  • income split corporate investment income Income Split Your Corporate Investment Income (12/13/2024) - Most dentists are familiar with the Tax on Split Income (“TOSI”) rules that limit the ability to split income with spouses or other family members. There are a few common exemptions where TOSI does not apply such as when the family member worked more than 20 hours per week for… Continue Reading
  • tax planning tips before dec 31 Five Tax Planning Tips before December 31 (12/13/2024) - The end of 2024 is near, however there is still time to take care of some tax planning items to ensure you don’t miss out on year-end tax savings! Capital Gain Loss Harvesting In previous years, a common tip was to consider selling any stocks with losses prior to December… Continue Reading
  • CRA Revokes Administrative Position for Dentist & Orthodontists GST refunds (12/13/2024) - The CRA has released GST Notice 339, revoking a long-standing administrative position that simplified dentists (and orthodontists) GST filings. Previously CRA had allowed dentists to claim a refund of GST paid on expenses based on an estimate of up to 35% of total fees charged for Orthodontic treatments on their… Continue Reading
  • Capital Gain Tax Changes Coming June 25th Pass Vote (6/13/2024) - On Monday the Liberal government introduced a Notice of Ways and Means Motion to implement the proposed capital gains tax changes announced in the Spring Federal Budget. The motion passed with the support of the NDP and Bloc Quebecois. The Conservatives (who are leading polling in advance of next year’s… Continue Reading
  • Planning for the Capital Gains Tax on your Real Estate Holdings (5/17/2024) - This is the final article of our three-part series on planning for the increased capital gains tax. Our first article outlined the upcoming changes to the capital gains tax and considered if you should pay that tax now or defer it into the future.  In the second article, we reviewed… Continue Reading
  • Accessing the Tax-Free Capital Dividend Account (5/16/2024) - This is part two of our three-part series on planning for the increased capital gains tax. Our last article outlined the upcoming changes to the capital gains tax. We considered whether or not you should pay that tax now at the lower 25% rate or defer it into the future… Continue Reading

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