The Canadian Medical Association (CMA) is concerned that capital gains tax changes introduced in the 2024 federal budget will have adverse effects on physician recruitment and retention across the country.

While we support the health care investments announced by the federal government last week, proposed changes to the capital gains inclusion rates will have significant negative implications for physicians as most operate their practice as a small business. These changes could jeopardize ongoing efforts across Canada to recruit and retain a high-quality health workforce.