A message from Dr. Emil Lee, President of the CAR
Dear CAR members,
Today, Tuesday July 18, the Hon. Bill Morneau, the federal Minister of Finance held a press conference to announce a consultation process on proposed changes to tax structures for Canadian-controlled private corporations (CCPCs). Many radiologists who are incorporated into group structures may be impacted by these changes.
The CAR would like to assure our members that we are monitoring the situation closely. In addition, over the coming weeks we will be:
- Contacting Minister Morneau’s office directly, to discuss the way that radiology will be affected by this proposal
- Preparing an official submission for the Finance Committee consultation, to be submitted October 2
- Including the issue in our pre-budget submission to the Finance Committee, to be submitted August 4
- Consulting with the Canadian Medical Association on a coordinated response
The Government has released draft legislation to implement the proposals and is seeking comment, which the CAR will be providing on behalf of members in the form of a formal submission to the consultation process.
If you would like more information about the ways that your practice or group might be affected by the changes, please contact your accountant, financial planner, or legal counsel.
The CAR is also seeking stories and information about how these changes will impact you, our members, and your patients. If you would like to share your story, please contact email@example.com.
Dr. Emil Lee
Canadian Association of Radiologists