Capital Gains Tax Change Could Lead to Doctors Leaving Canada, Association Says

A doctor wears a lab coat and stethoscope in an exam room at a health clinic in Calgary on July 14, 2023. The Canadian Press/Jeff McIntosh

The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors’ retirement savings.

Kathleen Ross, the association’s president, says many doctors incorporate their medical practices and invest for retirement inside their corporations.