Once again, government has attacked doctors. This time, the federal government took a turn.
Finance Minister Morneau said doctors were using a “loophole” in the tax code, breaking the law against loopholes.
He suggested doctors were cheating and not paying their fair share.
He promised public consultation before addressing the overpaid doctors.
The provincial government gave doctors the ability to incorporate in lieu of fee increases, just over 10 years ago. Most other provinces have had the ability to incorporate for much longer.
Doctors could finally build a pension and create self-financed benefits just like other incorporated businesses and salaried workers.
But the federal government needs money. Continue reading “Overpaid and Under-Performing”