The FMSQ is warning its members that they may have to pay more tax

Pascal Dugas Drone

Saturday, march 3, 2018 05:00

UPDATE
Saturday, march 3, 2018 05:00

Look at this article

The member of parliament for Québec solidaire and a specialist physician Amir Khadir criticized the president of his union, Diane Francoeur, and offer solutions to its members in order to pay less tax.

In a letter, Ms. Francoeur inform medical specialists about the potential impact of the new canadian tax rules on the tax that they pay. “The doctors professionals incorporated have been eagerly waiting for these announcements to finally have the right time,” writes Ms. Francoeur.

It was a reference to the rules affecting the taxation of income from investments held in a company, the most recent federal budget has changed.

Analysis

To help the understanding of the physicians, the president refers to an analysis performed by the Financial professional, in which one learns, in particular, that the reform Morneau would require a professional who has an annual business income from $ 400,000 to $ pay $ 10,000 more in tax from 2019.

“Be aware that Financial professionals will attempt to adjust the investment strategy of its customers in order to optimize, if applicable, new issue, tax from tax years beginning after 2018,” says the analysis.

Khadir revolted

The mna Amir Khadir has not digested the proposal made by its president, to which he has decided to make known his displeasure. “As soon as the federal budget affects the incorporation fiscally abhorrent of the doctors, don’t we see [the FMSQ provide] an analysis prepared [that shows] how to take advantage of the fact that the budget Morneau gives “the time for professionals incorporated to adjust their investment strategies until the coming into force of changes” ” wrote Mr Khadir, quoting a passage from the analysis.