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Biting into Apple’s new iPhones and why we’re still underweight
Investors and enthusiasts alike watched closely as Apple unveiled its latest iPhones. MD Financial Management takes a closer look at Apple’s business and future prospects.
Opa! Greece declares financial independence
Greece finally ends its bailout, symbolizing the end of the European debt crisis. Things are improving but issues like ongoing austerity measures, debt repayment and unemployment still linger.
How to Prioritize Your Goals
Residency: you’ve accomplished so much to get to this stage. As you approach the end of your medical training, you’re probably thinking about all the things you need to do, including setting up...
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.
Reducing Your Debt: Key Questions and Answers
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.
5 Tips for Reducing Your Travel Costs
Medical school can be expensive for many students, so it’s wise to manage your expenses and cut costs where you can, including travelling costs. Whether you are going to see family or friends,...
RRSP or TFSA: Which Is Right for You?
In an ideal world, you would contribute the maximum amount to both your RRSP and TFSA every year.
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.
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.
Federal Budget’s New Proposed Rules: A Primer for Medical Residents
This primer will help you grasp the basics behind incorporating a medical practice and understand how the proposed tax changes in the 2018 federal budget could affect you in the future.
One Resident’s Plan to Get Financially Fit
When Dr. Sarah Liu (not her real name), 26, graduated from the School of Medicine at Queen’s University in 2016, she was shocked to find her debt had grown to $100,000. While this was in line with...
New Mortgage Rules Reduce What You Can Borrow
The federal government has been tightening mortgage rules to try to limit how much debt Canadians take on. Learn more about how the new mortgage stress test may affect how much you can borrow.
Can a young physician start a family and avoid debt?
Dr. B, a 29-year-old family physician in Quebec, worries about balancing maternity leave with her 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...
Three Essential Types of Insurance for New Physicians
As a physician starting your career, you may have insurance needs that are higher than those of other Canadians your age. After all, your ability to earn an income is one of your most valuable...
Tips for Negotiating Your First Salary
Medical residents across Canada know exactly what they can make—and what their peers are making. Salaries are set out by collective agreements between provincial resident associations and...
Do Young Physicians Need an Estate Plan?
To most young adults starting out in their careers, estate planning seems like something for much older and much wealthier people. But even if you don’t have a long list of potential heirs or much...
Why Medical Residents Need A Financial Strategy