Managing Debt

  • First-time home buyers and the new federal government incentive

    First-time home buyers and the new federal government incentive

    There are many questions surrounding the federal First-Time Home Buyer Incentive. Here is how the incentive will work.

    Read Article
  • ×

    Contact An Advisor

    First Name
    Last Name
    I allow MD Financial Management (including MD Financial Management Inc., MD Management Limited, MD Private Trust Company MD Life Insurance Company and MD Insurance Agency Limited), the Bank of Nova Scotia and other members of the Scotiabank group of companies (“Scotiabank Members”) to send me electronic messages (such as emails and SMS text) about their products and services, offers, events, and other valuable information as well as information about the products and services of other Scotiabank trusted partners that may be of interest to me.  This consent is being sought on behalf of each MD Financial Management and Scotiabank Member which includes any company(ies) or person(s) that form a part of the Scotiabank group of companies in the future. View the MD Privacy Policy here:
    !
    Thank you!
    Error - something went wrong!
  • 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.

    Read Article
  • 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.

    Read Article
  • 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.

    Read Article
  • How much will med school cost?

    Find out
  • 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...

    Read Article
  • 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...

    Read Article
  • Medical Residents: Your Top 10 Questions About Lines of Credit Answered

    How is a Medical Student and Resident Line of Credit different from a student loan? Lines of credit and student loans each have two parties: a borrower (that’s you) and a lender. ...

    Read Article
  • How Getting Through Med School Is Like Summiting Everest, and Four Simple Rules That Can Help

    The path to becoming a physician can be like climbing Mount Everest. It demands unquestioning dedication and effort—but the reward is the fulfillment of a major personal goal.

    Read Article
  • How to Prioritize Your Goals

    Residency: you’ve accomplished so much to get to this stage. As you approach the end of your medical training, you’re probably thinking about all the things you need to do, including setting up...

    Read Article
  • One Resident’s Plan to Get Financially Fit

    When Dr. Sarah Liu (not her real name), 26, graduated from the School of Medicine at Queen’s University in 2016, she was shocked to find her debt had grown to $100,000. While this was in line with...

    Read Article
  • 5 Tips for Reducing Your Travel Costs

    5 Tips for Reducing Your Travel Costs

    Medical school can be expensive for many students, so it’s wise to manage your expenses and cut costs where you can, including travelling costs. Whether you are going to see family or friends,...

    Read Article
  • New Physicians: It Pays to Save Early

    New Physicians: It Pays to Save Early

    As you’re establishing your career, you may not have a lot of money to invest. You may also be facing a large student debt. The one advantage you have is time. When you save and invest money, it...

    Read Article
  • Will med school debt derail this student’s goals?

    Will med school debt derail this student’s goals?

    “David,” 24, is borrowing a lot of money for medical school. But a solid plan provides peace of mind.

    Read Article
  • Financial advice helped this client recover from one financial mistake, and avoid another

    Dr. E counts himself among the lucky ones. After overcoming a financial setback in his early 40s, he nearly made a colossal mistake a decade later that could still be affecting him.

    Read Article
  • What’s your net worth?

    Add it up
  • Can a young physician start a family and avoid debt?

    Dr. B, a 29-year-old family physician in Quebec, worries about balancing maternity leave with her financial goals.

    Read Article
  • Is incorporation the right choice?

    Dr. A, a 37-year-old family physician in Toronto, wonders whether incorporation is a worthwhile strategy.

    Read Article
  • Tackle Your Debt by Managing Your Cash Flow

    To tackle your debt, start with a plan, get to know your net cash flow, follow this debt reduction plan: analyze your monthly cash flow, set your debt-reduction targets, create and monitor your plan.

    Read Article
  • 5 Questions You Should Ask About Medical School Debt

    Most medical students expect to incur debt by the end of their education. Depending on the amount of money you owe, the debt can be a source of stress and may influence your career choices.

    Read Article
  • Pay Down Medical School Debt or Invest? Five Steps to Finding a Balance That Works for You

    For a physician new in practice, like you, paying down debt versus investing is an important consideration when deciding whether to invest in a registered retirement savings plan (RRSP) or...

    Read Article
  • Reducing Your Debt: Key Questions and Answers

    Reducing Your Debt: Key Questions and Answers

    What are some tips for reducing your debt? Learn more about debt consolidation, credit reports, credit history, credit scores and whether you should pay off debt or invest.

    Read Article
  • loading
    Loading More...