Your checklist of executor duties
While you may consider it an honour to be named the executor of an estate, do you know how to handle the role? Many people find the responsibilities of executorship difficult to manage.
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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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The ultimate guide to estate planning for Canadian physicians
From understanding the importance of an estate plan to getting it done, this guide will help get you thinking about how to meet your estate planning needs.
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Benefits of inter vivos trusts — Examples in action
Inter vivos trusts are commonly established for tax efficiency and personal needs. Learn more about the advantages and how to set up an inter vivos trust.
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How spousal RRSPs help with tax savings in retirement
For those who qualify, using spousal RRSP as an income-splitting tool is one of the most powerful tax-savings strategies for retirement. Learn more.
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5 things you should know about RESPs
A registered education savings plan (RESP) is a tax-deferred way to save for your children’s post-secondary education. Here’s what you need to know.
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COVID-19 support measures: At a glance
Here’s our roundup of the economic measures that the federal government has announced so far to support Canadians affected financially by the COVID-19 outbreak.
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New deadline for income tax payments: September 30
The deadline for filing your 2019 tax return is Sept 30, 2020, and it’s fast approaching. Read our tax deadlines at a glance to make sure you’re prepared.
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Should you use income splitting to optimize your family’s tax bill? Consider a prescribed rate loan
If you’re thinking about how to lower your family tax bill, a prescribed rate loan is a flexible, tax-wise strategy that might be right for you. Learn why.
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B.C. physicians: Are you leaving retirement savings on the table?
If you’re a doctor in B.C. you may be eligible for the CPRSP benefit that adds an extra boost to your retirement savings. Learn more.
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How to receive B.C. doctors’ CPRSP
Get information on how to confirm your eligibility and apply for the B.C. Contributory Professional Retirement Savings Plan (CPRSP) benefit.
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Salary or dividends: How to pay yourself from your corporation
When you incorporate your medical practice, you can draw your compensation as a salary, dividends, or a combination of the two. Learn the reasons for each.
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Home buying 101 for Canadian physicians
Get an introduction to home buying for medical students, residents and new to practice physicians in this short video.
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Passing down the family cottage
Learn how to manage the capital gains tax, which can be a major obstacle when passing down the family cottage to the next generation.
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How to boost your credit score: A primer
Credit scores don’t have to be a mystery. When you understand how credit scores work, you can set yourself up for a bright financial future.
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Pay down debt or invest? Advice for physicians
Learn whether it's better to pay down debt or start investing if you're a medical student, resident or new to practice physician.
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Med student line of credit: What happens after graduation?
Here’s what you need to know about paying off your student line of credit after finishing residency.
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How to use income splitting to keep more of your money
Income splitting lets a higher-income earning spouse equalize their income with their lower-earning partner to effectively lower their overall tax bill. Learn how.
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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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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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How medical residents can develop good financial habits
If you are a medical resident in debt, should you start saving and investing? Here’s why you need to understand your debt and cash flow and set up a savings and investment plan.
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