Canada’s doctors say capital gains tax changes could impact care

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Following the federal government’s announcement in the 2024 budget that it will introduce changes to how capital gains are taxed, doctors in Canada are warning that they will be impacted.

Many doctors don’t have access to pensions, sick days or other benefits and as such, invest in professional corporations to save for retirement and family. But the changes mean those who use this method may face a tax increase to some or all of their capital gains.

As Sean Previl reports, doctors and other professionals impacted want the government to make further changes because it could mean an impact to what care they can provide for Canadians.

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