Financial planning 101: Start here
Do your finances feel out of control? Start here. Choose just one thing from our list, make a commitment, and look forward to financial peace of mind.
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Can I get a planning session with someone who can help?
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What are some tax tips for physicians?
Learn which tax credits, deductions and government benefit programs you might be eligible for as a practising physician in Canada.
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Our physician household owes taxes — now what?
It’s not uncommon for physicians to receive a large tax hit early in their practice. Here’s why it can happen and how to avoid getting caught off guard at tax time.
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Tax tips for resident physicians
As a medical resident in Canada, learn which tax credits, deductions and government benefit programs you may be eligible for during your residency.
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How do tax instalment payments work for physicians?
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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What do mat leave and parental leave look like for residents?
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 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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Physicians in Quebec: Parental leave and benefits
Everything you want to know about maternity leave, parental leave and parent benefits in Quebec.
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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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What expenses should I prep for when transitioning to practice?
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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Should I join a practice or start my own?
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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Should I incorporate my medical practice?
Every self-employed physician should ask themselves these questions to help decide whether to incorporate their medical practice. Get started.
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What are the benefits of incorporating my practice?
What are the advantages and disadvantages of incorporation? Why do some doctors incorporate and others don’t? Learn more.
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How does incorporating help with taxes?
The tax deferral advantage of incorporating is explained in detail.
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How does medical practice incorporation work?
Wondering if you should incorporate your medical practice? Here’s everything you need to know about incorporating in Canada.
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How do I pay myself from my 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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Should you consider an individual pension plan?
Incorporated physicians can use an individual pension plan (IPP) to reduce taxes and save for retirement
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Meeting with an MD Advisor: What to expect
So you want help getting your finances in order and preparing for your future? Here's what to expect when you meet with an MD Advisor.
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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 can resident physicians develop good financial habits?
For resident physicians, financial planning might seem complex at first, but the key is to get used to doing it. Here are three areas to focus on during residency.
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