A spousal RRSP is a retirement vehicle open to married and common-law couples. It allows the higher-earning spouse to make contributions to an RRSP account in their partner’s name — and benefit from the tax deduction. Spousal RRSPs are usually meant for long-term savings and cannot be withdrawn early without being penalized. If an early withdrawal is made, the funds will be taxed as the higher earner's income, rather than their partner’s income. As a physician family, you face unique considerations with your household finances. That’s why our MD team is here. We provide tailored, nuanced support to establish plans and goals that will work for you and your family. Start your financial journey here: https://lnkd.in/gXmi5js7.
MD Financial Management | Gestion financière MD
Financial Services
Ottawa, ON 16,926 followers
About us
MD has one main goal: to help Canadian physicians and their families achieve financial well-being. With over 50 years of physician-focused experience, MD’s Advisors and teams of experts provide a comprehensive financial plan, advice and solutions specific to physicians’ needs at every stage of their career, from medical school to practice and through retirement. MD n’a qu’un seul but : aider les médecins du Canada médecins canadiens et les membres de leur famille à accéder au bien-être financier. Forte de plus de 50 ans d’expérience au service des médecins, les conseillers et spécialistes de MD offrent un plan financier complet ainsi que des conseils et des solutions qui répondent aux besoins des médecins à toutes les étapes de leur carrière (études, exercice de la profession, retraite).
- Website
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https://md.ca
External link for MD Financial Management | Gestion financière MD
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- Ottawa, ON
- Type
- Public Company
- Founded
- 1969
- Specialties
- Financial Planning for Physicians, Estate and Trust planning, Insight on Medical Practice Incorporation, Investments, Access to Banking and Borrowing, and Insurance
Locations
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Primary
1870 Alta Vista Drive
Ottawa, ON K1G 6R7, CA
Employees at MD Financial Management | Gestion financière MD
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Richard Deadman
Team Lead / Architect / Scrum Master at MD Financial Management | Gestion financière MD
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Ivano Pagliarello
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Terri Giffin
Director, Product Owner - Advisor Applications at MD Financial Management | Gestion financière MD
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Tina Hsiao, CFA
Senior Manager, MD Financial Management
Updates
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Congratulations to our CEO Pamela Allen for being recognized as a 2024 #CatalystHonours Champion. This recognition was awarded for her outstanding contributions towards accelerating progress for women in the workplace.
It was a great honour to be selected as a #CatalystHonours Champion and to share the stage on Monday with so many exceptional business leaders. Congratulations to each of them for being a true catalyst of change. Thank you to the Catalyst team for galvanizing a community that is breaking down barriers and building equitable, inspiring workplaces where everyone feels empowered to do and be their best. As MD's first woman CEO, I am acutely aware of my responsibility to champion diversity and inclusion and to open new opportunities for women in a sector that is historically and still predominantly led by men. #TheCatalystEffect
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Kick-start your investments with exclusive savings designed for hardworking med students and early-career physicians. Get up to $500 when you open a new MD Management Limited investment account. Learn more: https://lnkd.in/ep6VXh7t.
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When your GIC matures, you will have to decide what comes next. The best choice depends on your personal financial goals. You should first determine whether you need the money right away or if you would prefer to reinvest. Once you establish your situation, consider these options. 💰 Withdraw the funds: If you need the funds immediately, you can withdraw the principal investment along with the interest earned. This can be transferred to your savings or chequing account. 🔄 Reinvest in a new GIC: If you don’t need the funds and want to continue earning interest, you can reinvest in a new GIC. Consider the different terms and interest rates to find the best option for your current needs. 🧐 Explore other investment options: If you are comfortable with some risk and want potentially higher returns, consider investing in other financial products like stocks, bonds, mutual funds, or exchange-traded funds (ETFs). 🤝 Consult with a financial advisor: If you’re unsure about the best option, an advisor can help you make an informed decision based on your individual financial goals and risk tolerance. Have more questions? Comment below.
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Physicians have unique financial needs due to the nature of their career path, and often benefit from professional guidance. Whether you’re starting your career and worrying about student debt, have an established practice and are dealing with complex decisions, or beginning to think about retirement, an MD Advisor* can work with you to create a financial plan that meets your specialized needs. Learn more: http://spr.ly/6049o2W4d.
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Canada has a graduated personal tax system, which means you are charged a different tax rate on various portions of your taxable income up to certain limits. There are currently five federal tax brackets. In addition to federal tax, you also must pay provincial income tax, which varies by province. Here is an example of how the federal income tax would be calculated on a taxable income of $120,000: 15% on the first $55,867 = $8,380.05 20.5% on the amount between $55,867 and $111,733 = $11,452.53 26% on the amount over $111,733 = $2,149.42 The total federal income tax would be $21,982.00 for the year. There are ways you can reduce your taxable income, so you owe less income tax each year – like investing in certain registered accounts such as an RRSP or an FHSA.
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As we approach National Day for Truth and Reconciliation and Orange Shirt Day, we invite you to join us in taking the time to reflect and honour the lost children and survivors of residential schools in Canada. Illustrations created by Ojibwe graphic designer Joshua Hunt from Migisi Sahgaigan (Eagle Lake) in Treaty 3.
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As you’re beginning your career and likely facing student debt, investing what you can may not be top of mind. But remember, time is the greatest asset you have when it comes to building your wealth. When you save and invest money, it earns a return. And you can make your money grow faster by earning a further return on that first return — that’s compounding. The earlier you start saving and investing, the greater the effect of compound growth. There is no time like the present to start investing in your future. Open a new MD Management Limited investment account and we’ll give you up to $500. Learn more: https://lnkd.in/ep6VXh7t. *Graph is for illustrative purposes only and is not indicative of any investment. Past performance is no guarantee of future results.
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As a physician family, you face unique financial situations and likely have specialized needs, similar to the Kaminsky family. That's why our MD Advisor* team is here. We provide tailored, nuanced support to establish plans and goals that work for you and your family throughout your life, and theirs. Learn more here: http://spr.ly/6043WoRBW.
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What’s something you buy often that might not be a “need” but makes you really happy? Is it a tasty burrito you buy for lunch once a week, or the latte you buy twice a day? It might seem silly, but thinking of your favourite treat, like a burrito, as a form of currency to understand the “happiness cost” of things can help you be more disciplined with your finances. For example, would you be willing to trade 10 burritos for a new pair of shoes? Was that bed and breakfast worth 25 future lattes? This is a helpful tool for you to stay on track with your budget. What item would you use to measure the "happiness cost" of things?