OTTAWA — The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
Laporte says incorporated professionals like doctors can sell off investments and open a registered pension plan. Contributions to the plan would be tax deductible, which means the individual would not pay any tax on the capital gains they earn. "Eventually, they will be impacted by these measures. But nowhere near to the extent that is made out in the news," Laporte said.
"I think that it's premature at this stage to make any conclusions about what the impact would be," Ewing said. Physicians who incorporate their practices have historically benefited from lower tax rates that made it easier to save money in the first place.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Will new capital gains tax rules affect retirement for Canadian doctors?The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
Source: CP24 - 🏆 30. / 67 Read more »
Fewer medical school graduates choosing family medicine, Ontario doctors warnA view of the University of Toronto faculty of medicine.
Source: CBCToronto - 🏆 51. / 61 Read more »
Russia accuses Ukraine of shelling medical facilities and of killing medical staffExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Canadian doctors are using 'outdated' guidelines to screen for cancer, experts warnA mammogram is shown here, which is an x-ray picture of the breast that is used to screen for cancer. An x-ray image of a breast.
Source: CBCCalgary - 🏆 78. / 51 Read more »
What Canadian doctors say about new U.K. review questioning puberty blockers for transgender youthHealth care providers in Alberta will face challenges in offering gender-affirming care, if the provincial government there proceeds with restrictions as announced.
Source: CBCNews - 🏆 2. / 99 Read more »
Canadian medical school introduces lottery system to reduce barriers for low-income and diverse candidatesThe School of Medicine at Queen's University in Canada is implementing a lottery system in its admissions process to address systemic barriers faced by low-income and diverse candidates. The new process aims to reduce the disadvantage caused by higher cutoff points for certain application requirements. The school believes that these cutoff points may have inherent biases that hinder the chances of certain candidates.
Source: SooToday - 🏆 8. / 85 Read more »