Residency and finances: What you need to know now

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Residency is just the beginning — let’s talk finances!

Starting residency is a huge milestone — but what about your finances? Whether you're a new resident or supporting one, this transition can bring a lot of financial questions.

Join us for the Transition to Residency Panel. Our team of industry professionals — including a financial advisor, accountant, banking advisor and insurance specialist — who will break down what you need to know to feel confident about your financial future.

Participants will have the opportunity to ask questions in real time and receive practical insights from experienced professionals. Spouses and partners are warmly encouraged to attend, as this journey has a meaningful impact on the entire family.

Want to learn more?

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The pool offers exclusive exposure to global real estate that is not publicly owned or traded on a stock exchange. Investing in global private real estate has the potential to provide:

Learn More

Tempor incididunt ut labore et dolore magna aliqua.

The pool offers exclusive exposure to global real estate that is not publicly owned or traded on a stock exchange. Investing in global private real estate has the potential to provide:

Learn More

Lorem ipsum dolor sit amet

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Lorem ipsum dolor sit amet

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Lorem ipsum dolor sit amet

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Lorem ipsum dolor sit amet

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Frequently asked questions

How do I fund my account?

You can fund your MD ExO Direct account in three ways:

through a one-time deposit
by scheduling a pre-authorized contribution
by transferring cash from an existing account with MD or another financial institution

Can I open multiple accounts?

Yes, you can open as many accounts as you would like.

How do you calculate my return?

MD Management Limited displays your return using a money-weighted return process, which takes into account the returns you earn on deposits, as well as the returns on your investments.

How often do you rebalance my portfolio?

Your account will be invested in an MD Precision Portfolio or the MD Money Fund. MD Precision Portfolios are made up of underlying funds and feature a regularly rebalanced structure that keeps your portfolio’s asset allocation on track and helps you achieve your financial goals. The MD Money Fund is not made up of underlying funds and, therefore, does not need to be rebalanced.

How is my data kept safe?

Maintaining your confidentiality and protecting your personal information are fundamental to the way we do business with you. Our privacy policies detail how our financial services and practice management business groups collect, use and disclose your personal information. Where applicable, privacy statements have been developed to provide you with details about our information-handling practices for the specific products and services that you use. These policies and statements are available from the MD ExO Direct advisory team and on our website. The privacy policies and statements are designed to provide a cohesive framework to guide MD Financial Management’s information-handling practices.

How often do you rebalance my portfolio?

What if I can’t hear my Advisor or they can’t hear me when I join the meeting?

First, please check that your audio is not on mute. If you are still experiencing difficulties with your computer audio, you can join the meeting by phone instead. Your email invitation will provide a number and meeting access code for you to call in from your phone.

What if I can’t hear my Advisor or they can’t hear me when I join the meeting?

Want to find out more?

Here are a few links you may find helpful:

Where to begin?

At MD, we’re focused exclusively on physicians, and we understand the challenges you face. Here are three things to keep in mind as you begin your savings journey:

Take one small step now

Saving becomes a habit after a while. Starting right now can be a giant leap toward a successful financial future.

Save where you like

We’re flexible. Open and contribute to an MD tax-free savings account, registered retirement savings plan or non-registered investment account—it’s totally up to you. (Not sure? We can help you figure it out.)

Save as often as you can

It’s your choice. With as little as $25 a month, start a pre-authorized contribution plan—or make deposits on your own schedule.

Interested?

By providing my personal information I agree to be bound by the terms of the MD Privacy Commitment and Agreement.

Want to find out more?

Here are a few links you may find helpful:

* I allow MD Financial Management (including MD Financial Management Inc., MD Management Limited, MD Private Trust Company, MD Life Insurance Company and MD Insurance Agency Limited), the Bank of Nova Scotia and other members of the Scotiabank group of companies (“Scotiabank Members”) to send me electronic messages (such as emails and SMS text) about their products and services, offers, events and other valuable information as well as information about the products and services of other Scotiabank trusted partners that may be of interest to me. This consent is being sought on behalf of each MD Financial Management and Scotiabank Member, which includes any company(ies) or person(s) that form a part of the Scotiabank group of companies in the future. View the MD Privacy Policy.

* Applies to new clients and accounts. To see full eligibility criteria and conditions, click here.

MD Management Limited is a firm in financial planning.

MD Management Limited – Member – Canadian Investor Protection Fund

MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.ca.