Degree

Master of Laws

Program

Law

Supervisor

Jennifer Farrell

Abstract

The federal government has recently proposed significant changes to the taxation of private corporations in Canada. These changes will significantly affect, in particular, medical doctors as many of them use private corporations for tax and financial planning purposes. This paper focuses specifically on how the proposed tax changes will affect medical doctors, not just because of their importance to society, but also because of their unique financial situation.

Following the federal government’s release of its initial reform proposal, many doctors were upset that they were labeled as tax cheats who did not “pay their fair share”. It was predicted that these reforms would have resulted in a significant negative impact on the healthcare system. The government, however, amended the tax proposals to reduce the adverse affects on medical doctors and they now appear somewhat placated. Only time will tell the ultimate impact of private corporation tax reform on the medical profession and the consequences to health care in this country.

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