Morneau’s failing is that he announced tax changes in the downtime of summer and faces a storm brewing in the fall. Only now is he consulting provinces
DOCTORS HAVE been given benefits under incorporation in lieu of receiving wage hikes and that’s not right.
Doctors are on both sides of the issue. The Canadian Medical Association has come out against any changes to these benefits while 450 doctors signed an open letter to Finance Minister Morneau in favour of tax reform.
The existing tax system allows for the questionable practice of “income sprinkling” where family members are paid even when they don’t contribute to the doctor’s business. In Ontario, children and spouses are allowed to be paid as members of doctor’s corporate boards.
Doctor practices are unlike other small business. They operate private businesses while being paid through the public healthcare system.
David Charbonneau is a retired TRU electronics instructor who hosts a blog at http://www.eyeviewkamloops.wordpress.com.