Musings: No man lies so boldly as the man who is indignant.
"No man lies so boldly as the man who is indignant."
This quote from Friedrich Nietzsche seems to describe our Minister of Finance. He is certainly indignant about what he has described as "loopholes", even though the provisions he describes are not unintentional.
In the 2005 Ontario Budget, the Liberal Finance Minister said the following:
PROFESSIONAL CORPORATIONS In 2001, the right to incorporate was extended to all regulated professionals. Under existing provisions, non-members of a profession cannot own shares in a professional corporation. Recent negotiations with the Ontario Medical Association have resulted in the government’s commitment to extend the share structure of physician professional corporations to include non-voting shares for family members. The government is also proposing to implement this change for dentists who operate their practices through a professional corporation.
Not only was the inclusion of family members as shareholders absolutely intended, it was part of an agreement between the Liberal government and the Ontario Medical Association.
The doctors have held up their end of the bargain. Too bad the same can't be said about the Liberals