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NLMA NEWS:
Proposed federal tax changes will impact recruitment and retention of doctors

On July 18, the Federal Finance Department announced a 75-day consultation process on tax measures that will affect private corporations. Physicians and small businesses across the country believe these changes will ultimately lead to unintended consequences that will affect all Canadians.


Today, the Newfoundland and Labrador Medical Association (NLMA) made a written submission to federal Finance Minister Bill Morneau. As part of the submission, the NLMA also released the results of a member survey, which shows that the proposed tax changes may result in many incorporated physicians reducing their hours of practice, while others are considering leaving the province.

 

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