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Let’s go further. Together.

Nearly half of physicians in Canada already trust us to help them achieve financial well-being.1 See how much further you can go with MD Financial Management (MD) and Scotiabank Healthcare+.

Physician-focused advice and solutions, from med school through retirement

As a physician, your financial journey is unique — and the advice you get should be too. Whether you’ve just been accepted to medical school or are getting ready to retire, we understand and anticipate your needs every step of the way.

 
  1. Paying for medical school
  2. Tips and tools to manage your money as a med student
  3. Financial planning as you get ready for residency
  4. Navigating the transition to practice
  5. Deciding whether to incorporate
  6. Planning for big milestones like buying your first home and starting a family
  7. Insurance and financing options for your growing practice
  8. Building your wealth and your legacy as your income grows
  9. Discretionary management as your assets increase
  10. Planning for the transition to retirement
  11. Estate and trust planning
  12. Optimizing your finances to help you retire in comfort
 

Go further, at every stage of your medical career

 

Starting med school is likely one of the biggest and most exciting commitments you’ve ever made. We’re here to support you and make sure your finances are on track as you focus on your studies and begin your career.

 

Paying for medical school

More than 10,000 medical students and early-career physicians already rely on the Scotiabank Healthcare+ Physician Banking Program for their education financing.2 Focus on your studies knowing your education line of credit carries no annual fee and requires no payments until two years after you’ve finished residency.3

Managing your money

Make sure you take advantage of preferred benefits and savings on your Scotiabank chequing account and credit cards. Plus, sign up for our onboardMD newsletter to get tips and tools just for med students — from creating a budget and filing your income tax to paying for residency matching and beyond.

Preparing for residency

This is an exciting time, including an income to look forward to! Grow your financial literacy with articles, podcasts and webinars, and look out for our seminars at your school. Ready to invest? Check out our online investing platform — low fees, a dedicated MD Advisor* and, for a limited time, up to $500.4

 

Ready to go further?

Wherever you are in your medical school journey, we’re here to help you succeed with tools, tips, solutions and advice.

 

Tailored advice and banking solutions

The Scotiabank Healthcare+ Physician Banking Program was designed to meet the unique financial needs of medical students like you. Your Scotiabank Advisor will provide tailored advice and banking solutions and will help connect you with an MD Advisor as your finances grow in complexity.

Contact a Scotiabank Advisor

Tips and tools, straight to your inbox

From budgeting and debt management to everything you need to know about CaRMS, onboardMD curates the information, timelines and tips that every medical student needs. We’ll be cheering you on throughout your med school journey, including celebrating with you on Match Day!

Sign up for the onboardMD newsletter
 

Residency and your first years in practice are an exciting time of change. We understand what you and your household are going through, and we’ll help you plan for and achieve the life you desire.

 

Transitioning to practice

This is a big step — and we’re here to support you. We have answers to your questions on our Transitions hub and we offer expertise and advice on incorporation. If you incorporate, you also benefit from tailored business banking solutions through the Scotiabank Healthcare+ Physician Banking Program.

Managing your money

As your finances become more complex, you’ll benefit from physician-focused advice. Our investing options include a low-fee online investing platform, offering up to $500 for a limited time. Plus, take advantage of tailored personal banking advice and solutions through the Scotiabank Healthcare+ Physician Banking Program.

Planning for big milestones

Buying a home? Starting a family? Reach your goals sooner with help from an advisor who specializes in financial planning for early-career physician households. We’ve also designed physician-focused solutions, making it easier for you to qualify for a Scotiabank mortgage based on your estimated projected income5 and save for retirement.

 

Ready to go further?

Our physician-focused advice and solutions will help bring you and your family peace of mind as you grow your career, your practice and your wealth.

 

Get the right advice. Get physician-focused advice.

We have a team of advisors dedicated to helping early-career physicians and their families achieve financial well-being. We can help you navigate the transition to practice, including incorporation, and create a financial plan that will help you reach all your goals and aspirations.

Contact an MD Advisor

Banking that grows with you throughout your career

The Scotiabank Healthcare+ Physician Banking Program is designed to meet the unique financial needs of early-career physicians. Medical residency and the transition to practice bring new financial questions, and we can provide tailored advice and banking solutions to meet your personal and business banking needs.

Contact a Scotiabank Advisor
 

As your career progresses and your life evolves, your finances grow more complex. Every day, we help physician households like yours feel secure in the knowledge that all aspects of their finances are optimized to help them reach their goals.

 

Planning and support for what comes next

Enjoy peace of mind knowing that you are prepared financially — to pay for your kids’ education, support your aging parents, or enter your golden years with predictable retirement income. And if life throws you a curveball, you won’t have to navigate it alone. We’ll make sure all your bases are covered.

Building your wealth and legacy

Your money should work as hard as you do. MD Financial Management's (MD) 50+ years helping physicians build their wealth is your advantage: you can count on our deep expertise in investment strategy, estate and trust, insurance,6 incorporation and more. And with the Scotiabank Healthcare+ Physician Banking Program, you benefit from tailored banking solutions for your unique needs.

Freedom to focus on what matters

Work and life are busier than ever. Gain back time to focus on what matters to you with an elevated level of service. With a dedicated MD Signature Advisor** and Scotia Wealth Management Private Banker, you enjoy specialized expertise, comprehensive advice and personalized planning, built uniquely around you and your family’s needs.

Multi-employer pension plan to boost physician retirement security

Launching in 2023, the Medicus Pension PlanTM will provide physicians with the unique opportunity to plan for predictable lifetime retirement income.

Learn more
 

Ready to go further?

Your life and career have never been busier — and your finances have never been more complex. That’s why we offer an enhanced level of service for physicians and their families, including holistic wealth planning and banking advice.

 

You provide specialized advice. So do we.

Rest easy, secure in the knowledge that your wealth is managed by MD Financial Management (MD), a company that understands physicians and their families better than anyone else does. Take advantage of our physician-focused expertise in investment strategy, estate and trust, incorporation, tax and more — and spend more time doing the things you love.

Contact an MD Advisor

The power of integrated banking

With Scotia Wealth Management Private Banking, you have access to a variety of banking benefits, including preferred rates on select banking products and services for your personal needs. Your dedicated Private Banker can also integrate your business banking for your practice. They’re ready to ensure your needs are considered with care and will meet with you wherever and whenever is best for you.

Contact a Scotiabank Advisor
 

As a physician, you’ve invested immeasurable time and hard work in your career. But the rewarding retirement you’re dreaming about won’t just fall into your lap. Unlock a stress-free retirement by working with an advisor who understands your unique career.

 

Planning ahead for retirement

About one in four physicians in Canada aren’t sure how much they need to retire comfortably.7 The first step is to figure out the lifestyle you want when you retire. We’ll make sure you’re on track to achieve it with a tax-optimized plan that will help you grow your net worth and preserve your estate.

A pension plan just for physicians

More than one in three physicians in Canada worry about getting by on less income or running out of money in retirement.7 That’s why we’ve developed a pension plan for incorporated physicians, launching in 2023, that will provide a unique opportunity to plan for predictable lifetime retirement income.

Freedom to enjoy what comes next

Retire with confidence and enjoy an enhanced level of service from your dedicated MD Signature Advisor** and Scotia Wealth Management Private Banker. Benefit from comprehensive advice, personalized service and specialized expertise, built uniquely around you and your family’s needs.

An elevated level of service designed to unleash your life’s potential

Protect your wealth and simplify your life with personalized advice and comprehensive service — built uniquely around you — with MD Signature Private Wealth Management.

Learn more
 

Ready to go further?

You’ve worked hard, building your career and serving your community. We’ll work just as hard to ensure you and your family enjoy the life you deserve, before and after your retirement.

 

You provide specialized advice. So do we.

Rest easy, secure in the knowledge that your wealth is managed by MD Financial Management (MD), a company that understands physicians and their families better than anyone else does. Take advantage of our physician-focused expertise in investment strategy, estate and trust, incorporation, tax and more — and spend more time doing the things you love.

Contact an MD Advisor

The power of integrated banking

With Scotia Wealth Management Private Banking, you have access to a variety of banking benefits, including preferred rates on select banking products and services for your personal needs. Your dedicated Private Banker can also integrate your business banking for your practice. They’re ready to ensure your needs are considered with care and will meet with you wherever and whenever is best for you.

Contact a Scotiabank Advisor