@drmwarner
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President @ AdvisoryMD | ICU MD/MBA | Personal Finance, Career Coaching, Real Estate Investing for Physicians | AI Innovation in Healthcare IG:dr.michaelwarner
Toronto, Ontario
Joined September 2011
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By advising provinces to use new tax revenue to increase MD compensation, Minister Freeland is acknowledging that the Federal tax changes are punitive as they will immediately devalue the retirement savings of the majority of Canadian physicians.
What a slap in the face of Canadian doctors. Freeland wants to give us a raise with our own retirement savings.
Doctors were encouraged to incorporate in order to save for retirement. Now Trudeau is going to tax those savings into oblivion.
#Cdnpoli
theglobeandmail.com/politics…
The Minister of Health doesn't understand how the CG inclusion rate change affects MDs & other incorporated professionals/small business owners.
The $250K t-hold isn't available to ~60,000 incorporated MDs.
A carve out for prof corps/sml bus'n to have $250K t-hold would help.
Rather concerning that liberal politician @markhollandlib doesn’t understand his own tax policy. There is NO $250k exemption for incorporated doctors! Increased capital gains applies on every dollar invested through a corporation.
While the are several reasons why 100 family medicine residency spots went unfilled in Canada, the Liberal budget will only worsen the situation.
By targeting the ability of MDs to save for retirement, office-based primary care will be less attractive to new grads.
Morning Update: Medical schools call for reforms to stem family doctor shortage theglobeandmail.com/canada/a…
~60K/307K corporations affected by capital gains changes are medical professional corps typically owned by individual MDs as their primary means of saving for retirement.
Irrespective of where you side on the issue it's misleading to say that only 40,000 individuals are affected
Nearly every day in the ICU we have an OHIP-eligible patient with an expired healthcard.
Hospitals forego revenue and MDs work for free.
These patients can't go to Staples.
If @ongov wants to make HC renewal more convenient, it should also be available in hospitals.
WATCH: @RichardCityNews presses Business Service Delivery Minister Todd McCarthy over how Staples ended up with a sole-source deal to host some ServiceOntario locations. The government will pay $1.75 million to retrofit the stores. toronto.citynews.ca/2024/01/…
Expired Health Cards should be renewable at the point of care.
HC renewal reminders are no longer sent to most 16-70.
Expired HCs will show up in ICUs/ERs/Clinics w/ greater frequency.
Sick patients w/o family to go to Service Ontario for them, can't get their HC renewed.
#EXCLUSIVE - The Ford government will use taxpayer dollars to retrofit two Walmart stores that will also host ServiceOntario outlets, CityNews has learned. This is in addition to the sole-sourced deal handed to Staples that will also see taxpayer $ used. toronto.citynews.ca/2024/01/…
If targeting Jewish businesses becomes an accepted form of Jew hatred in Toronto...how long until Jewish schools, synagogues, homes and even individuals...are next.
Jews make up 1.4% of the Canadian population.
Jews standing up against Jew hatred will not be enough.
The Jew hunting in Russia may seem far away, but we have seen this happen before.
Now is the time for non-Jews to stand up against Jew hatred.
We need you.
I reported two acts of antisemitism to Toronto Police in the past two days.
Both have been categorized “hate crimes.“
I’ve lived here my entire life and never experienced this.
Tolerance and understanding must prevail over ignorance and hate.
Great thread.
264/1430 ie. 18.5% of family medicine residency positions went unfilled in Canada in 2023.
When medical students consider opportunity cost, debt load and working conditions as a trainee, how will adding a year to residency motivate them to choose family medicine?
I am not a family doc, but so many of the arguments re: extending length of training are very weak. I worry that MD training is precisely WHY we have the crisis we do. Let me break it down by the arguments provided 🧵 : 1/
#MedEd #burnout #healthcare
cbc.ca/news/health/family-do…
The status quo wastes millions needed for patient care.
What prevents hospitals from collaborating?
Become price setters vs. price takers in the agency nurse market.
What if hospitals banned agencies altogether & worked with unions to create more flexible scheduling?
The privatization of nursing care in Ontario is costing taxpayers millions of dollars (fees paid to agencies exceed union rate + pension/benefits)
Premier Ford should be protecting hospitals from predatory pricing by for-profit agencies.
Public $ continue to enrich private agencies.
Rates up 2X. Costs in the $100s of millions.
Why hasn’t @ongov attended to this vital issue as they promised in Aug’22?
Ontario spending on private nursing agencies quadrupled since COVID-19, data show /via theglobeandmail.com/canada/a…
Similar experience in ICU.
Patients overdose, require life support, survive and then want to go to detox for help....but there are no beds...so they are discharged back to the street or shelter.