Our physician household owes taxes — now what?
It’s not uncommon for physicians to receive a large tax hit early in their practice. Here’s why it can happen and how to avoid getting caught off guard at tax time.
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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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How to withdraw funds tax-efficiently in retirement
The best order for withdrawing funds in retirement starts with your goals and circumstances. Learn some strategies to get the most out of your withdrawals.
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CEBA: Physicians’ questions about the loan
The CEBA is an interest-free loan that can be accessed by eligible businesses that are facing financial hardship due to the COVID-19 pandemic. Learn more.
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Buying a home during residency
Do residents get special mortgage rates? Is buying a home during residency a good idea? Get the answers to these questions and more.
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Investing with robo advisors: What to expect
A middle ground between DIY investing and working with an advisor, robo advisors promote ease-of-use and the appeal of doing everything online. Learn more.
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Investing is easy until it’s not: The benefits of a real-life advisor
Do-it-yourself investing is now easier than ever, but there are several areas where working with a real-life advisor can make a real difference. Learn why.
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When it's time to retire
When doctors plan for retirement, it’s important to think about quality of life and not just financial need. Learn how to transition to new phase of life.
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5 myths about robo advisors
Here are the five most common myths we hear about robo advisors, and the truths about robo advisors that you need to know instead.
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What are the 3 types of insurance for homeowners?
As a homeowner, learn the difference between homeowner insurance, mortgage default insurance and creditor insurance.
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Virtual care: Why secure messaging is a critical tool to effectively deliver health care
Dr. Duncan Rozario speaks with MD about the evolution of virtual care and why the use of secure messaging will benefit both clinicians and patients.
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Capital gains surplus stripping: What Canada's physicians need to know
Here's what you need to know about capital gains surplus stripping before deciding whether to implement this tax strategy.
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It’s all tax-free — until it isn’t! 8 costly mistakes to avoid with your TFSA
Some TFSA blunders trigger harsh tax penalties from the Canada Revenue Agency and unravel the benefits of tax-free investing. Learn how to avoid them.
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DIY investing: How to avoid common mistakes and achieve success
While do-it-yourself investing is easier than ever, DIY investors can fall prey to common traps that increase risk. Learn how to avoid these mistakes.
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Managing debt: What should a resident physician 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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RESPs: What’s the best contribution strategy for my family?
Thinking about setting up an RESP? We’ll show you two different strategies to help you understand your options and choose the best one for your family.
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Medical students’ biggest money questions
We address the most common questions and concerns we hear from medical students about their finances, and discuss how to avoid the biggest financial mistakes med students make.
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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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Tax instalment payments: 5 things new physicians need to know
If you are a self-employed physician, you will need to pay your taxes in quarterly instalments. Here’s how to figure out what you owe.
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7 tax deductions and credits for resident physicians
As a resident physician, being aware of the tax credits and tax deductions that you qualify for can help minimize the taxes you pay. Learn more.
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6 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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