Capital gains change: CMA ‘deeply concerned’ about impact on health care – GLOBAL

May 23, 2024

The Canadian Medical Association says it is “deeply concerned” about how the federal government’s plan to increase the capital gains inclusion rate could further harm the health-care system.

In a statement Thursday, the CMA says the rate change proposed in the federal budget will worsen barriers to retaining and recruiting physicians as Canadians continue to struggle with access to care.

“The reality is that the federal government is putting at risk its own health care agenda, which is contingent on broadening access to family medicine, the foundation of our health care system,” CMA president Dr. Kathleen Ross said in the statement.

Ross says physicians are feeling “betrayed, discouraged and deflated” by the tax change, which Prime Minister Justin Trudeau recently announced will start June 25 this year.

Read more: https://globalnews.ca/news/10520319/canadian-medical-association-capital-gains-tax/