Proposed federal tax changes will impact doctors at all stages of their careers. The federal government has proposed three changes to the tax code that could seriously hurt your professional practice. With very little explanation or opportunity to consult, these proposals have left business owners with more questions than answers.
The Coalition of Ontario Doctors urges all physicians to invest an hour to meet or write your local MP. The Federal government is feeling the heat. We must continue to stand up for our small businesses.
Organise with medical colleagues in your area to meet your local MP at his/her local constituency office. Find your MP and schedule a meeting with your colleagues to discuss how tax proposals affect you and your patients. Doctors are among the hundreds of thousands of small business owners sideswiped by the Trudeau government’s recent announcement impacting family businesses and incorporated professionals. Proposed tax reforms will have significant impacts on all small businesses and also hurt their middle income staff and Canadians. Let your MP know how this will impact their constituents and ask the following questions.
Learn how the proposed federal tax changes will impact you. Watch Managing Tax Risk Within Family Businesses an in-depth video by Evelyn Jacks, a DFA tax specialist and President of the Knowledge Bureau. Visit with your tax accountant and lawyer to understand what this will mean for your business, family and staff.