A survey by the New Brunswick Medical Society shows 46% of doctors say they will leave the province if new federal tax measures for small businesses are implemented. NBMS says doctors and small businesses pay some of the highest corporate income taxes in the province, and the survey indicates 65% of doctors said they'd seriously consider decreasing the number of hours they worked and 25% would look at early retirement. The province's doctors object to all three changes being suggested by federal Finance Minister Bill Morneau. A 75-day consultation period is focusing on:
- The curtailment of "income sprinkling," a method by which business owners shift a portion of income to family members, either through salary or dividends;
- The curbing of "passive investment income," which the government describes as the investment of money left in a corporation, for purposes other than to invest directly in growth; and
- The conversion of a corporation's regular income into capital gains, which typically attract a lower tax rate.
Autres nouvelles:
Les mesures fiscales fédérales proposées pourraient avoir de graves conséquences sur la prestation des soins de santé au Nouveau-Brunswick - Société médicale du Nouveau-Brunswick
65% of N.B. doctors would leave province if federal tax changes come into effect: survey - Global News
N.B. doctors ready to leave if new tax measures are implemented: survey - CBC News
Docs threaten to leave N.B. if tax changes go ahead - Telegraph-Journal
Hundreds of N.B. doctors would consider moving if proposed tax changes adopted - Huddle Today