As you transition from residency to practice, your financial planning needs will likely change. In this MD Quick Clinic, three common areas of concern for new in practice physicians are addressed: - How best to pay off your debt - How to start investing - What to do about insurance. MD Financial Management offers expert total financial management advice to physician members, from medical students and residents to practicing and retired physicians.
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Proposed Tax Changes, At A Glance
Wondering what the proposed tax changes on private corporations are? Here is MD Financial Management’s quic...
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What are some tips for reducing your debt? Learn more about debt consolidation, credit reports, credit history, credit scores and whether you should pay off debt or invest.
Proposed Tax Changes, At A Glance
Wondering what the proposed tax changes on private corporations are? Here is MD Financial Management’s quick snapshot of the proposals. 1. Income Sprinkling Pre-2017 tax rules ...
Is incorporation the right choice?
Dr. A, a 37-year-old family physician in Toronto, wonders whether incorporation is a worthwhile strategy.
What Kind of MD Investor are You?
How One Physician Used Her Locum Experiences to Get a Financial Head Start
A locum tenens is an ideal way to gain experience in a variety of settings while giving yourself a financial head start, but it also comes with some unique financial challenges.
TFSAs: Tackling Your Most Frequently Asked Questions
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Make The Locum Life Work For You
Choosing to work a locum tenens is an attractive option for many physicians. For some, it’s a temporary measure to earn income and pay down debt while they look for a more permanent position.
Three Things You Should Know About RESPs
A post-secondary education is an important asset for participating in a modern economy, but getting one can be expensive. When you add up the costs of tuition, school-related fees, books,...
RRSPs and TFSAs in Action: Case Studies at Different Life Stages
These case studies look at how you can effectively use RRSPs and TFSAs to maximize benefits by looking at key factors such as age, career stage of physicians or specific financial goals.
What Young Physicians Are Asking About Private Corporations
Medical students, residents and new physicians are closely watching the private corporation issue and wondering about its impact on their future career. Since the federal government proposed tax...
Proposed Tax Changes to Private Corporations: More Questions Than Answers
The federal government’s proposed tax changes for private corporations continue to draw debate during this 75-day public consultation period ending October 2, 2017. After this date, the...
How Can I See My Investment Performance and Fees?
Financial institutions are now required to provide more detail for investors on the fees and compensation they collect, and on investment performance. At MD, we are going beyond the minimum requiremen
Financial advice helped this client recover from one financial mistake, and avoid another