If you mean collusion and monopoly, I'm against it for sure, no matter what industry it is in.
Doctors make too much money
- Thread starter George The Curious
- Start date
I think OHIP did away with their cap on billings a few years back.Looking at the numbers mentioned above, it seems to be doctors are WAY underpaid. Some of caught on and have been milking the private insurance market for a long time. I can't understand why OHIP puts a max on yearly income. If a DR chooses to see more patients, where's the problem?
Personally I don't think doctors are overpaid. They have paid their dues through years of schooling. Most graduate with hundreds of thousands of dollars in student loans. Have done residencies where they work crazy hours for next to nothing. If anything I think lawyers are overpaid, especially the ambulance chaser scumbags.
Dr's like Lawyers get paid for what they KNOW!
The ave GP makes a bit over $ 200 ,000. The ones who are specialists are the BIG money makers!
The ave GP makes a bit over $ 200 ,000. The ones who are specialists are the BIG money makers!
Is that before or after expense of this office, staff, and insurance are taken into consideration? I'm not sure that's enough of those who can regularly put in 50+ hours a week, with no over time pay.Dr's like Lawyers get paid for what they KNOW!
The ave GP makes a bit over $ 200 ,000. The ones who are specialists are the BIG money makers!
In fact this is an inverse relationship. The more experience they get the less they tend to make.Sp are over paid they charge $200 per hour and number of years of training zero
Because the CRA cannot tax you unless you report income or someone rats you out.What I don't understand is,
How SPs that make close to Doctor money,
Or even half of that, say 100k per year,
Get away without paying taxes?
I think the really good ones (esp. the Indys) could make up to $100K.What I don't understand is,
How SPs that make close to Doctor money,
Or even half of that, say 100k per year,
Get away without paying taxes?
I would think SP's would report some sort of income just not accurately. So if an SP's made say $70K, might just report $40K.Because the CRA cannot tax you unless you report income or someone rats you out.
Some SPs make big money simply market demand & supply. There is no collusion or prostitution association issuing licenses to girls to become SPs. Anyone willing to become SPs can, and will charge according to the market supply and demand.I think the really good ones (esp. the Indys) could make up to $100K.
If government ever started regulating prostitution, believe me, the service level will go down, and price will go even higher than now.
Reporting could lead to audits. If you don't report then they'll never know (again, unless someone snitches on you).I would think SP's would report some sort of income just not accurately. So if an SP's made say $70K, might just report $40K.
There are many many specialists who make $3500 to $4000 per day ....that is correct $800 - $900 k per year in not uncommon. Unlike family doctors who pay overhead they get all the multi-million $ equipment and staff paid for ...they may have an office manager - usually a relative that they pay to split income then pay themselves a dividend from their medical corp and invest the rest with the help of their accountants and advisors. So yes they did study for 10 years or more but make it up rather quickly....the family doctor is at the lower end of the pay scale for medical professionals considering their education and workload.
So when I get asked to donate to a hospital I usually decline, unless it is specifically going to patients. I refuse to pay more to supplement salaries...and do not get me going about overpaid hospital adminstrators and fund raisers... The HSC chief of fundraising I think made over $1million before he was exposed. That is what my taxes do and the mcguinty health tax, thanks dalton and wynne...I am voting you OUT!
So when I get asked to donate to a hospital I usually decline, unless it is specifically going to patients. I refuse to pay more to supplement salaries...and do not get me going about overpaid hospital adminstrators and fund raisers... The HSC chief of fundraising I think made over $1million before he was exposed. That is what my taxes do and the mcguinty health tax, thanks dalton and wynne...I am voting you OUT!
Well I'm assuming SPs probably don't hold or spend all their earnings in cash,Because the CRA cannot tax you unless you report income or someone rats you out.
So if CRA check bank accounts,
They can get caught lying about their 40k earning when they're actually making 100k
Or good luck explaining how you pay for your 400k mortgage and car payments while reporting 40k a year
CRA cannot "check" individuals bank accounts.Well I'm assuming SPs probably don't hold or spend all their earnings in cash,
So if CRA check bank accounts,
They can get caught lying about their 40k earning when they're actually making 100k
Or good luck explaining how you pay for your 400k mortgage and car payments while reporting 40k a year
If you're making a lot of "unaccounted" cash, you don't get a mortgage or a car loan - you pay everything in cash and try not to leave a paper trail for the CRA.
When I'm driving down the highway at 120kph, I'm a little happier he is.But then again should a Auto worker get paid as much as a Nurse?
desk audits lead to far more reassessments than the rat line.Because the CRA cannot tax you unless you report income or someone rats you out.
CRA cannot "check" individuals bank accounts.
So wrong. CRA routinely cross references T5 slips. The audit algorithm includes checking the level if investment income against reported income. Someone reporting $60,000 a year shouldn't be earning $10,000 in interest income.
of course, that assumes the money entered the system. Surprisingly, many girls run their money through their bank accounts because they have no where else to put it.
Someone could've saved up or inherited enough in their life to be earning 10k in interest or investment while be legitimately earning a 60k salarySomeone reporting $60,000 a year shouldn't be earning $10,000 in interest income.
For example, old people ??
Many girls are students and declare low income. Like under 20k.
Yet, probably have either fat bank accounts or no student loans on a tuition of 5k-25k.
I'm sure they can't get away.
One girl I know doesn't even file.
Never asked her what happens when you don't even file.
Yes, or they won the lottery. It's a red flag, risk based audit selection system. Age is a factor. Then again, if it's retirement savings, it should be in tax deferred accounts.Someone could've saved up or inherited enough in their life to be earning 10k in interest or investment while be legitimately earning a 60k salary
For example, old people ??
Many girls are students and declare low income. Like under 20k.
Yet, probably have either fat bank accounts or no student loans on a tuition of 5k-25k.
I'm sure they can't get away.
One girl I know doesn't even file.
Never asked her what happens when you don't even file.
Many girls don't understand the tax system. They assume many things, including if you don't file, they won't get you.
They don't know what bad things happen when you don't file. They also don't know that when you don't filed the clock doesn't start on the audit limitations period.
Wait, what happens when you don't file?They don't know what bad things happen when you don't file. They also don't know that when you don't filed the clock doesn't start on the audit limitations period.
And what do you mean by audit limitation period?
