Value of advice: “Should I incorporate my medical practice?”
Some of Sonia's physician colleagues have suggested that she should incorporate. Read her story and learn if incorporation is the right decision for her.
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MD Articles
With a focus on personal finance for physicians, our articles offer unique insights about topics that matter to you.
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Private Wealth Management: Frequently Asked Questions
Is private wealth management the best solution for the finances of you and your family? Read our FAQ.
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Meet the Pillar of Prince Albert, Saskatchewan: Dr. Lalita Malhotra
Dr. Lalita Malhotra has practised omedicine in Prince Albert, Sask. since 1975, and has dedicated her career dedicated to women’s wellness, especially among the Indigenous communities in the area.
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How a new pension plan for physicians will help provide peace of mind
A pension plan for doctors will provide a source of predictable retirement lifetime income that physicians have long been asking for. Learn more.
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What’s the best order for drawing your retirement income?
Each retirement income source has tax implications if drawn earlier or later, or left to your estate. Learn what to spend first and what to save as long as you can.
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Federal budget 2022: Highlights for physicians
Read our summary of the 2022 federal budget and learn how the budget may impact Canadian physicians and their families.
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RRIF strategies to optimize your taxable income in retirement
Converting your RRSP to a RRIF is an important part of your retirement plan. Learn how to maximize your savings with well-planned RRIF withdrawal strategies.
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Interest rate increase: What it means for physicians
The Bank of Canada has raised interest rates for the first time in two years. Learn how it could impact your student loans, line of credit, mortgage, and more.
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Phishing: Top tips for Canadian physicians
Learn how to spot a phishing attack and avoid falling victim to phishing scams with our tips and examples of what to avoid.
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Estate planning for the single doctor: Do you still need a will?
If you don’t have a spouse or partner, or any children, you might think you don’t need a will, but there are still compelling reasons to prepare an estate plan. Learn why.
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What are probate fees and how to avoid them
Learn what probate fees are and how to reduce or avoid them altogether when finalizing your estate plan.
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How much does a medical resident make in Canada?
Resident salaries are determined by two things: your training year, and which province you're working in. Learn how much medical residents make in Canada.
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How financial literacy can help reduce physician burnout
Discover how financial literacy can help fight the stresses that lead to burnout, and frees up a physician's greatest asset: time.
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Are you taking the right vacations? Making the most of your down time
With burnout on the rise, it’s important for physicians to take vacations that leave them feeling rested and refreshed. Learn how to maximize your time off.
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5 tax deductions and credits for medical students
From tuition to moving expenses, here are some tax deductions and credits that a medical student might qualify for when filing their income tax return.
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Your tax return: How to claim the home accessibility tax credit
If you’re renovating your home to make it more accessible for someone who is elderly or has disabilities, you could qualify for a tax credit. Learn more.
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Estate planning for incorporated physicians
If you’re an incorporated physician in Canada, estate planning is more complex than for other physicians. Read our guide to learn more.
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5 common questions about life insurance
Find the answers to five common questions about life insurance here, and learn why you might want to make life insurance part of your estate plan.
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Home office expenses: You could save on taxes if you worked remotely this year
You can save on taxes if you work from home and meet certain requirements. Learn what tax deductions you might be eligible for.
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How much do internal medicine doctors make in Canada?
Learn how much internal medicine physicians earn, on average, in Canada based on the province where they practise.
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