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Proposed Federal Tax Changes
Newly proposed federal tax changes will impact the tax rate on the earnings from investments held inside professional corporations, as well as eliminate income splitting, tuition for children in college, and more. It will impact doctors at all stages of their careers.
Proposed Federal Tax Changes
Newly proposed federal tax changes will impact the tax rate on the earnings from investments held inside professional corporations, as well as eliminate income splitting, tuition for children in college, and more. It will impact doctors at all stages of their careers.
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Dr. Shawn Whatley Presenting to the Standing Senate Committee on National Finance

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Proposed tax changes could create a 73% effective tax rate on the earnings from investments held inside professional corporations. This comes in addition to eliminating income splitting, paying tuition for children in college, and other changes. The loss of these benefits will affect physicians who are sole income-earners, on parental leave as well as those on sick leave. It will impact doctors at all stages of their careers.

Background Documents

 

Examples of how the proposed federal tax changes will impact you:

 

Submissions
Coalition for Small Business

Communications

 

Media Coverage


Phase 1 Action