Capital Gains Tax Changes Draw Ire from Canadian Medical Association

The Canadian Medical Association (CMA) is raising concerns over the proposed federal government changes to capital gains taxation, arguing that they will adversely impact doctors’ retirement savings and potentially affect physician recruitment and retention in Canada. CMA President Kathleen Ross highlighted that many physicians incorporate their medical practices and invest for retirement within their corporations. The proposed changes would entail increased taxes on those investments, adding financial strain to doctors who lack a pension to rely on. The CMA contends that the tax change may also affect recruitment and retention of physicians in Canada.

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