MD Financial Management | Gestion financière MD

We, along with Scotiabank and Society of Rural Physicians of Canada are happy to announce a multi-year strategic agreement to support rural generalist medical care through education, collaboration, advocacy and research. Along with Scotiabank, we are the exclusive financial services partners, which offers members access to comprehensive banking and wealth management solutions tailored to the needs of physicians, medical learners and their families across the various stages of the physician lifecycle.

Vacation time is needed for everybody. A lot of physicians will not have access to “paid vacation” which means you need to find alternative ways to fund your time off and supplement any earnings for that time away. First consider using your TFSA to save for upcoming vacation. You should be investing this money in investment options that are not subject to a lot of market risk, if any, due to the time frame in which you’ll be using the money. You could also consider taking a PAC holiday, which means that you can defer a month of your disciplined savings that you have going into your investments and use them to pay for your vacation. Schedule an appointment with your MD Advisor* or find an advisor at https://xmrrwallet.com/cmx.pfindus.mdm.ca.

We’re already halfway through the year, have you taken a moment to review your investments? With markets as unpredictable as they’ve been, now is the perfect time to reassess your strategy and explore new opportunities. One asset class that continues to stand out is global private real estate. It offers a unique combination of: • Diversification with global real estate opportunities • Stability through markets • Long term appreciation • A potential hedge against inflation Though typically limited to institutional investors, these opportunities are available to physicians through MD Platinum™ Global Private Real Estate 2025 Trust. Learn more: https://xmrrwallet.com/cmx.plnkd.in/eGmdFpzM.

Don't let medical school debt hold you and your family back. Although graduating with six-figure debt is common for new doctors, many lenders view this kind of debt differently. With the right financial plan, you and your partner can still move forward on your goals, from buying a home to starting a family. Consider strategies like applying for credit jointly or using programs like the Home Buyers’ Plan. If the stress of medical school debt feels familiar, we’re here to help you start building the future you and your partner both imagined. Learn more: https://xmrrwallet.com/cmx.plnkd.in/gXmi5js7.

Talking about estate planning isn’t always easy, especially with family. But for physicians, it’s a key step in making sure everything you’ve worked for is protected and your loved ones are taken care of. It’s not just about money - it’s about peace of mind, reducing stress, and leaving things clear. With the right tools like trusts and tax strategies, you can create a plan that really reflects what matters to you. We’re here to help you plan with confidence. Visit https://xmrrwallet.com/cmx.plnkd.in/eSka5fUu to learn more.

Starting medical residency is a big deal, new routines, long hours and your first real paycheque! Now is the time to set up good financial habits, so you don’t have to worry about it later in your career. Here are three ways to start strong financially: Track your spending: This will help you get a better understanding on how you’re spending your money and where it’s going. Review your pay stub: Understand your take-home pay, taxes, and deductions. Knowing what’s coming in (and going out) is going to help you manage your money. Explore disability insurance: It’s not the most exciting topic, but it’s one of the smartest ways to help protect your future income—especially in a physically demanding profession. Want to learn more about building a financial plan that fits your residency lifestyle? Schedule an appointment with your MD Advisor* or visit: https://xmrrwallet.com/cmx.plnkd.in/exgK_7RM.

Canada is more than just the place we call home, it’s a reflection of care, inclusion, and resilience. From coast to coast, physicians are at the heart of our communities, helping Canadians stay healthy and live life to the fullest. Your dedication is part of what makes this country so strong – and so worth celebrating this Canada Day. ---- Le Canada, c’est plus que notre territoire – c’est le reflet de la bienveillance, de l’inclusion et de la résilience. D’un océan à l’autre, les médecins, qui sont au cœur de nos collectivités, aident les Canadiennes et Canadiens à rester en santé afin de profiter pleinement de la vie. Votre dévouement contribue à faire la force de notre pays, et mérite amplement d’être célébré en cette fête du Canada.

You’ve put so much thought into building your career, why not do the same for what comes after? Estate planning helps ensure the people and things you care about are looked after, with clarity and confidence. It helps you: • Look out for your people • Cut down taxes & legal fees • Prepare for the unexpected • Support causes close to your heart • Safeguard your practice Your legacy deserves a plan. Let’s make one. Visit https://xmrrwallet.com/cmx.plnkd.in/eSka5fUu to learn more.

Our latest MD Physician Council landed in Laval, Que. and proved an inspiring session filled with honest, thoughtful input from our diverse membership. From physician banking to retirement readiness to our Scotiatrust integration, their voices continue to shape how we support the unique needs of doctors at every stage of their careers. Also on the table: our upcoming Council replenishment cycle. We look forward to soon welcoming three new members who will take the baton from three veterans who are completing their 3-year cycle. Read more in Pamela Allen ’s blog: https://xmrrwallet.com/cmx.plnkd.in/eAtN2Zt5.

On National Indigenous Peoples Day, we honour the vibrant heritage, diverse cultures, and profound contributions of First Nations, Inuit, and Métis Peoples. It's a day for all of us to recognize and reflect on the rich histories, unique voices, and enduring resilience of Indigenous communities, whose impact has profoundly shaped not only Canada but it’s healthcare as well. As we honour the past and present, we also look to the future. The journey for Indigenous medical students is incredibly important, and we recognize the unique paths and considerations involved. Should you be exploring avenues for support, resources for grants and bursaries, you can find more information that may be helpful at https://xmrrwallet.com/cmx.plnkd.in/e9t2spy2. Illustrator: Jasmine Bernard, member of the Madawaska Maliseet First Nation, also known by the traditional name, Wolastoqiyik.