CMA urges Liberal government to reconsider capital gains tax changes affecting doctors' retirement savings.
The Canadian Medical Association (CMA) is urging the Liberal government to reconsider its proposed changes to capital gains taxation, arguing that these changes could negatively impact doctors' retirement savings. Many doctors incorporate their medical practices and invest for retirement within their corporations, and the proposed changes would increase taxes on these investments, causing financial strain for doctors who rely solely on their retirement savings. The CMA also suggests that the changes could affect physician recruitment and retention in Canada.
April 23, 2024
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