How finances are different when your spouse is a physician
When your household includes a physician, your finances usually look a bit different from other Canadians. Plan together to achieve your financial goals faster.
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Personal Finance
Achieve your financial goals with clear and objective advice.
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How much do doctors make in Canada?
Curious about what a doctor’s annual salary is in Canada? This article lists the average yearly compensation for physicians across 17 different specialties.
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The value of financial advice
Industry studies that attempt to quantify the value of financial advice have found that working with a financial advisor has real benefits. Learn more.
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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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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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How financial literacy can help reduce physician burnout
Discover how financial literacy can help fight the stresses that lead to burnout, and frees up a physician's greatest asset: time.
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TFSAs and RRSPs: What incorporated doctors need to know
Learn why you might want to consider RRSPs and TFSAs instead of sheltering your earnings in your corporation alone.
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10 signs it’s time to catch up on your TFSA contributions
A tax-free savings account is a versatile way to achieve a variety of financial goals. Here’s how to know when it’s time to top up a TFSA.
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A financial plan for the New Year that won’t overwhelm you
Feeling overwhelmed? Here’s how to start small, make a commitment, and look forward to an improved financial life.
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A parent's financial guide to paying for medical school
The cost of medical education in Canada can easily exceed $100,000. Here are some ways to help you cover the costs of your child's years in medical school.
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How to take time off for parental leave, while being a doctor
As a first step to a stress-free maternity leave or parental leave, follow these tips to help plan your finances and find balance as a physician and parent.
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Fraud prevention: Tips on protecting yourself from scammers
The general perception of physicians as busy high-income earners makes them a prime target for investment scams. Learn how to prevent yourself from fraud.
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Financial infidelity: How to stop the money lies
Financial infidelity can take many forms. People may lie to their partners about finances by keeping private bank accounts and credit cards, or hiding money with family members.
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MD Physician Council explores financial literacy
Personal finances are a topic of increased concern – and with November designated as Financial Literacy Month, there was no better time to focus on an area where MD can help.
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5 things you should know about RESPs
A registered education savings plan (RESP) is a tax-deferred way to save for your children’s post-secondary education. Here’s what you need to know.
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How do I start saving money?
Here are 4 common barriers that prevent resident physician households from saving money — and an easy way for you to overcome each one.
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How medical residents can develop good financial habits
If you are a medical resident in debt, should you start saving and investing? Here’s why you need to understand your debt and cash flow and set up a savings and investment plan.
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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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Should you join a practice or start your own? The good, the bad and the cost impact
Whether to go solo or join a group practice is an important decision for new physicians to make. Here’s a look at the pros and cons of each business model.
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Putting market volatility in perspective
Understanding what market volatility is and why it happens can make the difference between achieving your financial goals and stumbling along the way.
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