Tax Changes for 2023
With the new year upon us, it's time to review the major personal income tax changes for 2023 — especially since many of them could help you save money.
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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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What are the tax rules for common law partners
With common-law relationships on the rise in Canada, here's what you need to know about tax rules for filing your tax return as a common-law partnership.
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Tax considerations for Indigenous physicians
If you're an Indigenous physician working in Canada, read this guide to understand what Indigenous tax exemptions you may qualify for.
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Crystallizing capital gains: What is this and why would you do it?
If you're wondering what capital gains are or how to avoid capital gains tax in Canada, check out this quick guide to crystallizing capital gains.
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How to get the most out of the First Home Savings Account (FHSA)
What is the tax-free First Home Savings Account and how does it work? Read our guide to the new first home savings account for physicians.
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Charitable donations: Ordinary and exceptional gifts explained
When it comes to charitable giving, there are two types of donations: ordinary and exceptional. Learn your options when planning your charitable gift.
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Tax loss harvesting: turn losses into gains
Tax loss harvesting involves selling an investment for less than you paid for it, then using the loss to offset an investment gain at tax time. Learn how.
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How dividends are taxed in Canada
Dividends are a useful way to pay yourself through your company. Here's how dividends are taxed in Canada to make sure you're optimizing your tax savings.
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Charitable giving: tax-effective strategies
Learn tax-effective charitable giving strategies that allow you (or your estate) to benefit from tax savings while the charity benefits from your gift.
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Value of advice: “I just graduated from medical school. Should I focus on student loan repayment or on saving for retirement?"
Shaun, a recent med school graduate, is concerned about his ability to pay down debt, start a family and save for retirement. Read his story.
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Investing as a physician: a primer
Physicians have unique needs when it comes to investing. Here's a look the basics of investing from a physician’s perspective.
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Are physician recruitment and retention programs right for you?
These programs can be a way for young physicians to get financial relief while helping fill the gaps in healthcare in Canada. Learn more.
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Financial planning for physicians — why you're different
Get the basics about financial planning for physicians and how financial advice for physicians can help you achieve your life goals.
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Locum Tenens: The Basics for Physicians
Locum tenens is a Latin phrase, meaning “to hold the place of, to substitute for.” In the medical community it’s used to describe a physician who fills a temporary position at a hospital or practice.
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A guide to loan forgiveness and relief programs for med school students and recent grads
Learn how you might be able to have a portion of your medical school debt relieved or forgiven through federal and provincial government programs.
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5 ways to fund a child's post-secondary education when you're not the parent or legal guardian
If you're a grandparent, another relative, or a friend, you can still help pay for a child's post-secondary education. Learn how.
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What interest rate hikes mean for your mortgage
While rising interest rates are something to be aware of, there are ways you can navigate this with your mortgage. Learn how.
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10 things residents should do when transitioning to practice
The transition from resident to practicing physician is a big one. Here are 10 of the big tasks you'll have to tackle as you launch your career.
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Interest rate increase: What it means for medical students and residents who are borrowing to pay for school
The Bank of Canada has raised interest rates. Learn how it could impact med students and residents who are borrowing to help pay for school.
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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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