MD Articles

With a focus on personal finance for physicians, our articles offer unique insights about topics that matter to you.

  • Why TFSAs are a good option for incorporated physicians

    Why TFSAs are a good option for incorporated physicians

    Incorporated physicians typically invest in their corporate accounts, but they can come out ahead using TFSAs. Learn how.

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  • Should you contribute to a spousal RRSP?

    Should you contribute to a spousal RRSP?

    A spousal RRSP can be an important part of a couple’s retirement plan and even offers some pre-retirement benefits.

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  • 6 mistakes to avoid with your RRSP

    6 mistakes to avoid with your RRSP

    Get the most out of your RRSP by avoiding these common mistakes.

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  • Debt and more debt: What’s a resident to pay off first?

    Debt and more debt: What’s a resident to 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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  • Opening your first RRSP or TFSA?

    Opening your first RRSP or TFSA?

    Basic information about registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs) for first-time investors.

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    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.
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  • How does incorporating help with taxes?

    How does incorporating help with taxes?

    The tax deferral advantage of incorporating is explained in detail.

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  • What are the three types of insurance for homeowners?

    What are the three types of insurance for homeowners?

    Understand the difference between homeowner insurance, mortgage loan insurance and creditor insurance.

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  • Should you reorganize your debt?

    Should you reorganize your debt?

    For doctors, using a line of credit to pay off other debt can be a good idea, but be aware that it’s not true across the board.

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  • Getting serious? 5 money questions to discuss with your new life partner

    Getting serious? 5 money questions to discuss with your new life partner

    How to talk about money with your partner

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  • Managing how much tax comes off your residency paycheque

    Managing how much tax comes off your residency paycheque

    What medical residents need to know about TD1 forms

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  • The dos and don’ts of financial planning for locums

    The dos and don’ts of financial planning for locums

    Financial advice for locum tenens: tax planning, incorporation, insurance.

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  • Three key findings about Canadian physicians and financial literacy

    Three key findings about Canadian physicians and financial literacy

    Most practicing medical doctors in Canada don't feel well-educated about personal finance, and many of them report feeling "stressed" about making financial decisions regarding their priorities.

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  • Three key findings about financial literacy and Canadian doctors-in-training

    Three key findings about financial literacy and Canadian doctors-in-training

    A new study by MD Financial Management attempts to uncover the roots of residents' financial concerns.

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  • Top 7 things that physicians need to know about RRSPs

    Top 7 things that physicians need to know about RRSPs

    Get the basics on RRSP contribution deadline, RRSP contribution amount, and understand the tax savings.

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  • Tips from colleagues for physicians who have to work over the holidays

    Tips from colleagues for physicians who have to work over the holidays

    Wellness tips if you are a physician who has to work over the holidays.

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  • Black Friday is coming, but don’t lose your head

    Black Friday is coming, but don’t lose your head

    How to keep your spending in check through Black Friday and the holiday season

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  • Before you incorporate: Five terms you need to know

    Before you incorporate: Five terms you need to know

    If you’re thinking ahead to your medical practice and whether to incorporate, you may realize that you need to learn a whole new vocabulary in order to follow the ins and outs!

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  • How to budget with the burrito exchange rate

    How to budget with the burrito exchange rate

    Often the thing that prevents you from developing a budget is the very first step: looking at your overall spending.

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  • Medical residents: The ABCs of filing a tax return

    Medical residents: The ABCs of filing a tax return

    Easy steps to filing your tax return for medical residents.

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  • Medical residents: 3 questions you may have about filing your tax return

    Medical residents: 3 questions you may have about filing your tax return

    Tax tips you might not know about when filing your tax return.

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