Finance

As a travelling physician in northern Ontario, Dr. Dannica Switzer is acutely aware of the healthcare crisis in underserved communities.

A tax judge has ruled that a fee-sharing arrangement between a medical clinic and its physicians should not be considered a taxable service, overruling the CRA’s attempts to collect sales tax on the fees.

Doctors who rely solely on advisors risk missing out.

The college’s proposed operating budget for the 2025-26 year includes a 2% increase to the annual certificate of practice fee to account for inflation and an additional 7.5% increase in order to fund ‘expanded regulatory activities’ and ensure financial stability.

Depending on your goals and circumstances, a trust could be part of your financial plan to care for minors or other dependents.

In 2023, Canada ranked last in access to primary health care among 10 high-income countries. Yet, Canada ranked among the highest for health spending as a percentage of GDP, significantly outranked only by the United States.

Several Ontario mayors have been calling on the province to ban financial incentives municipalities use to lure in doctors, saying the recruitment tactic is harming communities that can’t pony up the cash—especially those in rural and northern regions.

The risks are low in Canada, but bank failures can happen. ‘Stacking’ can protect you.