MD Articles

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

  • COVID-19 financial support: What do Canadian physicians qualify for?

    COVID-19 financial support: What do Canadian physicians qualify for?

    If you’re a physician whose income has been reduced due to the COVID-19 outbreak, learn which government financial support measures you may be eligible for.

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  • Investing is easy—until it's not: The benefits of a real-life advisor

    Investing is easy—until it's not: The benefits of a real-life advisor

    How a real life, human advisor can make a real difference in the performance of your investments.

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  • COVID-19 support measures: At a glance

    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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  • Which debt should you pay first during the COVID-19 crisis?

    Which debt should you pay first during the COVID-19 crisis?

    If you’re trying to figure out how to pay off your debt during the COVID-19 pandemic, here's an overview of how to prioritize your debt payments.

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  • COVID-19: Strategies for physicians facing reduced cash flow

    COVID-19: Strategies for physicians facing reduced cash flow

    If you’re a physician who has had to reduce your hours or shut down entirely during the pandemic, these strategies can help you deal with the reduction in income.

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  • Not sure what else to do with your kids? Here are some ideas!

    Not sure what else to do with your kids? Here are some ideas!

    We’ve compiled a list of websites, apps and other resources that have been tested and approved by our kids.

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  • What does the COVID-19 market shock mean for retiring or retired physicians?

    What does the COVID-19 market shock mean for retiring or retired physicians?

    What does the coronavirus (COVID-19) market shock mean for retiring or retired physicians? If you’re wondering what to do next, here’s some advice.

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  • Want to transfer assets to your children now? Avoid these 5 costly mistakes

    Want to transfer assets to your children now? Avoid these 5 costly mistakes

    Before you transfer assets to your children during your lifetime, learn about some common mistakes you’ll want to avoid making.

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  • Staying in control: How to avoid emotional investing

    Staying in control: How to avoid emotional investing

    With market volatility picking up again, it’s important to remember and avoid these common investing pitfalls.

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  • RESPs: Answering your most frequently asked questions

    RESPs: Answering your most frequently asked questions

    RESPs are an effective way to save for your children’s post-secondary education. Learn how to take advantage of government grants and tax-deferred growth.

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  • I’m a shareholder in a physician’s corporation. What does that mean for me?

    I’m a shareholder in a physician’s corporation. What does that mean for me?

    Learn about the benefits and responsibilities of being a shareholder in a physician’s medical professional corporation.

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  • Your tax return: How to claim the home accessibility tax credit

    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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  • My spouse is a physician. How can we reduce our tax burden?

    My spouse is a physician. How can we reduce our tax burden?

    If your physician spouse is the higher-income earner, you may be able to use these strategies to make sure that your household isn’t paying more taxes than it needs to.

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  • Why should I set up a trust?

    Why should I set up a trust?

    Everyone has specific reasons for setting up a trust. Read about some of the more common ways you can incorporate trusts into your estate plan.

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  • Medical students: Getting ready to file your 2019 tax return

    Medical students: Getting ready to file your 2019 tax return

    If you’re a med student or resident, you may think there’s no need to file a tax return, but you might be surprised at the benefits filing can provide. Here are some simple steps to get organized.

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  • How to minimize taxes when transferring your wealth

    How to minimize taxes when transferring your wealth

    A good estate plan starts with understanding the tax consequences of the types of assets you own. The next step is to use strategies to mitigate their tax impact.

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  • 5 tax tips you may not know about

    5 tax tips you may not know about

    You'll need every advantage possible to get your tax return right. Optimize your tax filing with these simple but effective tips.

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  • How to use income splitting to keep more of your money

    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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  • Physicians and their finances: 4 top FAQs

    Physicians and their finances: 4 top FAQs

    As you transition to practice, there's a lot to do and think about from a financial perspective. Here are four frequently asked questions from medical residents.

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  • I’m an executor for a physician. How do I deal with their corporation?

    I’m an executor for a physician. How do I deal with their corporation?

    Here are the things you need to know if you’ve been named estate executor for a physician parent, spouse or sibling with a corporation.

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