Transition to practice: 6 expenses to prepare for
As you transition from residency to practice, your financial situation is about to change. Here are some expenses that you may not have thought about.
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Financial planning 101 for Canadian physicians
Get a primer on financial planning for medical students, residents and new to practice physicians in this short video.
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RRSP, TFSA or both? What you need to know
Learn how you can boost savings and lower the amount of taxes you pay during your medical career by contributing to your RRSP, TFSA or both.
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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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Not all digital investing platforms are made equal
Introducing MD ExO Direct, Canada’s only digital investment platform made specifically for Canadian physicians and their families.
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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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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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TFSAs: Tackling your most frequently asked questions
Tax-free savings accounts were designed to help Canadians save better. Learn about the requirements and many benefits of owning a TFSA with our handy guide.
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Home buying 101 for Canadian physicians
Get an introduction to home buying for medical students, residents and new to practice physicians in this short video.
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Mortgage options: What savvy homebuyers need to know
Term vs. amortization, fixed vs variable rates, open vs. closed, prepayments vs. accelerated payments. Learn the definitions for these key mortgage terms.
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Investing 101 – Setting clear goals
Clearly define what you are trying to achieve with your investments.
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Salary or dividends: How to pay yourself from your corporation
When you incorporate your medical practice, you can draw your compensation as a salary, dividends, or a combination of the two. Learn the reasons for each.
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Maternity and parental leave: Things every resident should know
If you plan to take maternity and parental leave during your medical residency, here are financial details to think about.
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Pay down debt or invest? Advice for physicians
Learn whether it's better to pay down debt or start investing if you're a medical student, resident or new to practice physician.
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Med student line of credit: What happens after graduation?
Here’s what you need to know about paying off your student line of credit after finishing residency.
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Life insurance 101 for Canadian physicians
Watch a short explainer video on life insurance for medical students, residents and new to practice physicians.
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Should medical residents start saving or pay down debt?
Most medical students in Canada today will finish school and enter residency with debt, with 46% owing $100,000 or more.1 Residency is often the first chance for physicians-in-training to start...
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Overcoming 5 common hurdles that keep residents from saving money
After investing so much time and money in medical school, you are no doubt finding residency to be a life-changing start to your professional career. While your paycheque may not be large right...
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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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Investing regularly: The power of a pre-authorized contribution plan
A pre-authorized what? A pre-authorized contribution plan (PAC) is an easy and effective way to save and invest regularly.
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