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Strategy

  • Save income taxes using spousal loans

    Canadian physicians pay a substantial amount of income taxes. This is because of Canada’s graduated tax system, which means that the more money you earn, the higher the percentage of your income you will pay in taxes. This tax fatigue has increased in the aggregate because of the Trudeau government’s 2017 tax reform for Canadian Controlled Private Corporations (CCPCs), including medical corporations. Many physicians who were income splitting through their medical corporation can no longer save taxes using this income-splitting strategy because of the change in tax legislation.
  • Feds reviewing COVID-19 aid to prep for potential second wave, Trudeau says

    The federal government's ongoing review about the good, bad and possibly ugly parts of its response to COVID-19 will feed into plans for an improved response to a potential second wave of the novel coronavirus, Prime Minister Justin Trudeau said Monday.
  • Tories ask auditor general to probe 'outsourcing' of $900M student aid program

    The federal Conservatives are calling for an investigation into the Liberal government's decision to have an international charity administer a $900-million program designed to help students during the COVID-19 pandemic. The request is contained in a letter sent to Auditor General Karen Hogan on Sunday in which the Tories argue that "outsourcing'' the Canada Student Service Grant to WE Charity undermines Parliament's ability to monitor the aid program.
  • OPA announces new initiatives at first-ever virtual annual general meeting

    The OPA announced the formation of a new diversity task force and consultations to develop its next three-year plan
  • Canada almost self sufficient in PPE as Canadian businesses step up: PM

    Prime Minister Justin Trudeau says Canadian companies are now producing so much personal protective equipment needed in the fight against COVID-19 that Canada is almost at the point of being self-sufficient. He underscored that contention today with a visit to a Kanata, Ont., brewery that has retooled to make hand sanitizer during the pandemic.
  • Managing personal protective equipment in healthcare settings

    An article in CMAJ (Canadian Medical Association Journal) provides an overview on personal protective equipment (PPE) in health care settings, including evidence on effectiveness of N95 masks, as well as the importance of including healthcare worker perspectives on usage of this equipment.
  • Trudeau launches student support, defends fiscal record after credit rating cut

    Prime Minister Justin Trudeau defended his government's fiscal record on Thursday as it launched several new programs promising billions of dollars in new support for students. The moves came one day after Canada saw its credit rating degraded by one major agency, over the massive increase in government spending meant to help Canadians through the COVID-19 pandemic.
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