Petition to Justin Trudeau, Bill Morneau, Jane Philpott, Tom Mulcair, Andrew Scheer
Take action – Tax changes will impact your future …
To all Canadians, On July 18, 2017, Minister of Finance Bill Morneau on behalf of the Department of Finance and the Government of Canada released Tax Planning Using Private Corporations. This document calls for drastic changes to the taxation of small business owners and specifically targets professionals in Canada. Specifically, the Liberals are proposing changes to: income sprinkling using private corporations; holding an investment portfolio inside a private corporation; the lifetime capital gains exemption; and converting private corporation income into capital gains. The impacts of these changes are yet to be fully understood or measured, but they will be significant to all professionals now and in the future. We are not treated like other public servants: we do not get a benefits package, paid maternity leave, pension plans, vacation pay, or sick leave. The right to incorporate and the associated tax benefits were negotiated by our provincial associations years ago in lieu of benefits and raises. This was done to cut government healthcare spending, and now that those negotiations are forgotten, the government is trying to take these benefits away. We rely on our corporations to run the business-end of our practices (purchasing medical-grade equipment, staff, overhead, rent, computer technology, protecting patient records and so on). The trade-off allowed us to do the job of caring for our patients, while still caring for our families, our children and our retirement. Let us be clear: we respect the law. The investment strategies we employ by way of our corporations are not “tax loopholes”. In the absence of reasonable alternatives we use our corporations as a long-term saving strategy to fund our pension. In other countries doctors are provided with basic benefits in addition to their wages which we are not. We need to be able to realize these tax savings to balance the scales. Without the tax benefits of incorporation, it will be difficult for us to continue with the care we wish to provide our patients. In recent years, the provinces have had billions in unilateral cuts to frontline patient care. In Ontario alone, over $3 Billion has been unilaterally cut since 2015 by the provincial government from the patient services which doctors provide. With these federal tax changes, some physicians will close their offices and retire early or leave Canada altogether. Ultimately leading to longer and longer wait times and lower quality of patient care. Patient accessibility of medical care in Canada already ranks third last amongst the commonwealth countries. In our opinion, the proposed tax changes will be a further detriment to Canada's already ailing health care system. We, concerned Canadians, urge you to reconsider your proposed changes to private corporations, and to maintain benefits for small business owners. Prime Minister Trudeau, please preserve fair small business tax laws and not further erode access to our health care system. Patients can never come first when frontline physicians are put last. For anyone reading this, we encourage you to get involved in this process by contacting the Department of Finance as they are looking for comments on the proposals email@example.com. We also encourage you to reach out to your local MP to voice your concerns as they represent your voice in parliament, https://www.ourcommons.ca/Parliamentarians/en/members This petition will be delivered to: Prime Minister of Canada Justin Trudeau Minister of Finance Bill Morneau Minister of Health Jane Philpott Leader of the Official Opposition of Canada and Leader of the Conservative Party of Canada Andrew Scheer Leader, New Democratic Party of Canada Tom Mulcair
Petition to Bill Morneau, Justin Trudeau
Canadian Female Physicians Urge Federal Liberals: Reverse Proposed Changes To Corporations
To our fellow Canadians: On July 18th 2017, Bill Morneau, the Federal Finance Minister announced proposed changes to the regulations surrounding the taxation structure for small business owners. This will irreparably damage the gains made by female entrepreneurs in the last decade. We are but one of many groups of professional women affected by this change. We are Canadian Women In Medicine. Here is our letter to Mr. Morneau and Mr. Trudeau. Please sign to show your support. Anybody and everybody can sign. If you are Canadian, and this speaks to you, please sign to support Canadian physicians and the future of our healthcare system. To Mr. Morneau and Mr. Trudeau: We represent a growing number of female physicians across Canada. We are well-educated, we are committed, we are passionate and we are contributing like never before to our country’s current and future economy. Many of us are also the primary or sole income-earners in our households. In addition, many of us support elderly parents. We are mothers, daughters, wives and caregivers. The right to incorporate and the associated tax benefits were negotiated by our provincial associations in lieu of raises and benefits. The trade-off allowed us to do the job of caring for our patients, while still caring for the next generation of Canadians, our children. We rely on our corporations to run the business-end of our practices (purchasing medical-grade equipment, staff, overhead, rent, computer technology, protecting patient records and so on). We also rely on our corporations to save for our childrens’ futures, our own future, our retirement. We are not treated like other public servants: we do not get any benefits package, paid maternity leave, pension plans, vacation pay, or sick leave. We pay for all that out-of-pocket. We run self-employed small businesses. Complicating matters further, we are independent contractors to provincial governments in a single-payer system. These governments unilaterally regulate our fees, so we cannot pass on any extra costs to our patients to make up for potential losses the way dentists, lawyers, and accountants can. Most of us have had our fees cut in recent years, as our provincial governments attempt to balance their budgets. Many of us only make ends meet because of our right to incorporate. Let us be clear: we respect the law. The investment strategies we employ by way of our corporations are not used to dodge taxes. We use this system as a long-term saving strategy, our only strategy, in the absence of reasonable alternatives. We fear the choice we will be forced to make if we lose the ability to run our practices successfully, to save for our children's futures, to retire independently when the time comes. Without the tax benefits of incorporation, many of us will consider leaving our jobs or leaving the country. The proposed changes to private corporations will affect Canadian female physicians, Canadian physician households and our children in critical ways. Women in Canada have come so far. We stand as an example for all countries. There is no doubt these changes will have lasting negative repercussions on all professional women in the Canadian workforce. We, female physicians of Canada, urge you to reconsider the proposed changes to private corporations. We have worked unbelievably hard to get here. These tax changes will make it unbelievably hard for us to stay here.