Retirement planning has been front of mind for many Canadian physicians in recent months. More than 9,000 have signed a petition asking the Canadian Medical Association (CMA) to use some of the $2.6 billion it earned from the sale of MD Financial Management last year to create a pension plan for its members.
Because there is no employment relationship between the CMA and its members, current tax law prevents the association from contributing to a pension plan. But there are other ways the CMA, or another group, could help establish a retirement plan to provide doctors with greater long-term financial security. Read more in CMAJ.