Managing Debt

  • Physicians and their finances: 4 top FAQs

    Physicians and their finances: 4 top FAQs

    As you transition to practice, there's a lot to do and think about from a financial perspective. Here are four frequently asked questions from medical residents.

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  • My spouse has a six-figure debt. Should we keep our finances separate?

    My spouse has a six-figure debt. Should we keep our finances separate?

    Having a spouse or partner who is in debt can strain any relationship, but physician debt doesn't necessarily mean putting your lives on hold. Learn why.

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  • First-Time Home Buyer Incentive: What you need to know

    First-Time Home Buyer Incentive: What you need to know

    The First-Time Home Buyer Incentive was introduced by the federal government in 2019 to help make housing more affordable. Learn how it can benefit you.

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  • Debt and more debt: What’s a resident to pay off first?

    Debt and more debt: What’s a resident to pay off first?

    If you have student loans, credit cards and a line of credit, which one should you pay off first?

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  • Should you reorganize your debt?

    Should you reorganize your debt?

    For doctors, using a line of credit to pay off other debt can be a good idea, but be aware that it’s not true across the board.

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  • Black Friday is coming, but don’t lose your head

    Black Friday is coming, but don’t lose your head

    How to keep your spending in check through Black Friday and the holiday season

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  • Is incorporation right for your medical practice?

    Is incorporation right for your medical practice?

    Here's what you need to know...

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  • Boost your credit score: A primer for your medical career

    Boost your credit score: A primer for your medical career

    Steps you can take to establish and maintain a good credit score

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  • New physicians: It pays to save early

    New physicians: It pays to save early

    See how the power of compounding works

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  • How much will med school cost?

    Find out
  • One resident’s plan to get financially fit

    One resident’s plan to get financially fit

    If you're a medical resident with significant medical school debt, consider student-loan forgiveness programs, and learn how to manage your cash flow.

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  • Anxious about retirement? Three small steps to get your retirement plan up and running

    Anxious about retirement? Three small steps to get your retirement plan up and running

    Retirement represents a significant life transition, and feelings of worry are common among physicians contemplating retirement.

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  • Doctors and retirement: It’s complicated

    Doctors and retirement: It’s complicated

    Talking finance is often seen as taboo for physicians — but that’s starting to change.

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  • Best of the web: Travel edition

    Best of the web: Travel edition

    Ideas for trips, big or small, to go on an adventure and some suggestions to help the planet along the way.

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  • Financing medical school and residency: Understanding your borrowing options

    Financing medical school and residency: Understanding your borrowing options

    Everything you need to know about borrowing for medical school and how lines of credit work.

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  • Figure out your budget with the burrito exchange rate

    Figure out your budget with the burrito exchange rate

    Budgeting can be boring. Here's a way to budget.

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  • The ultimate guide to financing your medical school education

    The ultimate guide to financing your medical school education

    Paying for medical school can be expensive. Learn about government student loans and student lines of credit.

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  • Spring cleaning? Let’s tackle your financial clutter

    Spring cleaning? Let’s tackle your financial clutter

    If you have financial clutter, here are some tips on decluttering your financial life, including tossing financial papers, consolidating your accounts and paying down debt.

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  • Overcoming 5 common hurdles that keep residents from saving money

    Overcoming 5 common hurdles that keep residents from saving money

    After investing so much time and money in medical school, you are no doubt finding residency to be a life-changing start to your professional career. While your paycheque may not be large right...

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  • Should medical residents start saving or pay down debt?

    Should medical residents start saving or pay down debt?

    Most medical students in Canada today will finish school and enter residency with debt, with 46% owing $100,000 or more.1 Residency is often the first chance for physicians-in-training to start...

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  • Medical residents: Your top 10 questions about lines of credit answered

    Medical residents: Your top 10 questions about lines of credit answered

    Learn the difference between loans and lines of credit, how interest is charged and what your repayment options are.

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