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.
Jean-Pierre Laporte, CEO of Integris Pension Management Corp., argues physicians can fully shield their retirement savings from capital gains taxation. There are also limits on how much someone can contribute to a pension plan, which means physicians will still end up paying more taxes on personal investments.
"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. "I think Canada's health-care professionals recognize, maybe more than anyone else, how important these investments are," Freeland said Tuesday.