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MD Physician Financial Literacy Study

MD Physician Financial Literacy Study

Published Date January 10, 2020

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Previous Article

Maternity and parental leave: Things every resident should know

Starting a family during your medical residency? Here's why a little financial planning will help prepare you for maternity or parental leave.
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How does incorporating help with taxes?

The tax deferral advantage of incorporating is explained in detail.

Other content in this Stream

Why TFSAs are a good option for incorporated physicians

Strategic use of TFSAs can help incorporated physicians build wealth.

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2 months ago
DIY investing: What kind of do-it-yourself investor are you?

DIY investing doesn't just have to mean going it alone. Here's help to measure your comfort zone as a solo investor, and when it makes sense to seek advice.

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2 months ago
Top 7 things that physicians need to know about RRSPs

What is the RRSP contribution deadline? How do you create contribution room? What are the benefits? Here are things physicians need to know about RRSPs.

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RRSP, TFSA or both? What you need to know

Whether you contribute to one or the other, or both, you can maximize their benefits by using RRSPs and TFSAs in strategic ways.

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2 months ago
Student line of credit: Can you use it for more than school expenses?

While most students use a line of credit for school-related expenses, some may use it for other purposes. Learn the most popular uses.

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2 months ago
How much does a medical resident make in Canada?

Resident salaries are determined by two things: your training year, and which province you're working in. Learn how much medical residents make in Canada.

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2 months ago
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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Optimizing your RRSP strategy according to your career stage

Your RRSP strategy will be different, depending on whether you’re a medical student, resident, practising physician or retired. Learn why.

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3 months ago
2020 was different: Is your financial planning strategy still appropriate?

COVID-19 has had a significant impact on Canadian physician households and their finances in 2020. Learn about the need for physician-focused financial advice.

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3 months ago
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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3 months ago
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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3 months ago
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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5 months ago
New deadline for income tax payments: September 30

The deadline for filing your 2019 tax return is Sept 30, 2020, and it’s fast approaching. Read our tax deadlines at a glance to make sure you’re prepared.

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5 months ago
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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5 months ago
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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5 months ago
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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5 months ago
Life insurance 101 for Canadian physicians

Watch a short explainer video on life insurance for medical students, residents and new to practice physicians.

Watch Video
5 months ago
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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5 months ago
How to boost your credit score: A primer

Credit scores don’t have to be a mystery. When you understand how credit scores work, you can set yourself up for a bright financial future.

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