The Canadian Medical Association says it is “deeply concerned” about how the federal government’s plan to increase the capital gains inclusion rate could further harm the health-care system. In a statement Thursday, the CMA says the rate change proposed in the federal budget will worsen barriers to retaining and recruiting physicians as Canadians continue to struggle … Read more
Business groups are warning Finance Minister Chrystia Freeland that increasing Canada’s capital gains inclusion rate will have “significant knock-on impacts” if implemented with possible “irreversible repercussions.” Six of the country’s largest industry organizations wrote in an open letter to Freeland Thursday that the proposed hike will impede economic growth and come at the expense of … Read more
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors’ retirement savings. Kathleen Ross, the association’s president, says many doctors incorporate their medical practices and invest for retirement inside their corporations. The proposed changes would increase taxes on those investments, something the … Read more
