4 Financial Challenges of Medical Students
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How Getting Through Med School Is Like Summiting Everest, and Four Simple Rules That Can Help
The path to becoming a physician can be like climbing Mount Everest. It demands unquestioning dedication and effort—but the reward is the fulfillment of a major personal goal.
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.
Will med school debt derail this student’s goals?
“David,” 24, is borrowing a lot of money for medical school. But a solid plan provides peace of mind.
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.
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.
Tax Tips for Medical Students and Residents for the 2017 Tax Year
As a medical student or resident, you have plenty of things on your mind other than your income taxes. However, being aware of things like tax benefits can help reduce the tax you pay and put you...
New Physicians: It Pays to Save Early
As you’re establishing your career, you may not have a lot of money to invest. You may also be facing a large student debt. The one advantage you have is time. When you save and invest money, it...
Student Debt: Only Borrow What You Need
Embarking on a career in medicine is both exciting and rewarding. It can also leave you with a high level of debt after graduation if you’re not careful with managing your expenses and borrowing...
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...
5 ways to lower your medical school debt
Med school can be expensive. Creating a plan to help you minimize your debt can have a huge impact on your financial future. Here are a few ways to get started.
The Hidden Cost of Final Year of Medical School
Getting into medical school was your first challenge - paying for it is another. As you head into your final year of med school, be prepared for these additional, variable expenses.
1:33Med Student gets surprise of a lifetime!
Today at London International Airport, med student Chris got the surprise of a lifetime. Watch to find out!
1:35#CaRMS2018 hits Vancouver!
Another Med Student gets an amazing surprise in the Vancouver Airport #MDsGotYourBack
0:51#CaRMS2018 surprise at the Ottawa Airport!
Another Med Student gets the surprise of a lifetime #MDsGotYourBack
Inside Our Portfolio Backpack—Back-to-School Edition
You don’t have to be a med school student or, like me, a parent of school-aged children (three of ’em, actually!) to know this is prime season to dole out dollars. Given the time I’ve spent in...
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...
MD Financial Management Announces the Recipients of the 2016–2017 CFMS–MD Financial Management Leadership Awards
The CFMS–MD Financial Management Leadership Awards recognize passionate, dedicated and caring medical student leaders throughout Canada who have made innovative contributions to their schools and...
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,...
Tackle Your Debt by Managing Your Cash Flow