Through MD Financial Management (MD) and Scotiabank, The Flipside Life provides members with comprehensive financial planning, financial education and banking solutions.
MD’s in-depth understanding of the needs of physicians and their families combined with Scotiabank’s banking expertise allows us to help take care of your financial well-being, so you’re able to enjoy what matters most to you.
Why MD?
MD is the only national financial services firm dedicated exclusively to the financial health of Canada’s physicians and their families. This gives us an unparalleled understanding of your unique financial circumstances and challenges. Whether your partner is in training, in practice or retired, we understand the nuances of physician family finances, and we’re here to help you every step of the way.
The MD Difference
Your household finances have always been different from those of non-physician families. The long and expensive educational requirements to becoming a physician mean that many families have a later start to financial stability. Those new in practice often have a lot of debt, face high expenses and need to start saving for their own retirement. All of this is mixed with having to navigate the business side of medicine, the complexities of which can differ depending where one is in their medical career. We know that as a physician’s spouse or partner, a lot of this could be left to you to handle. These challenges combined with the possible complexities of your own career and financial situation can be a lot to navigate on your own. MD’s Advisors* take a team approach to help you develop a plan that works toward your personal and family goals. They have an in-depth understanding of the financial nuances of physician remuneration and expenses and of practising medicine in each province. They help you establish financial goals and work with other MD specialists, including those in insurance and in estate and trust, to provide a comprehensive service focused on achieving your goals and advancing your overall financial well-being. At MD, we realize that handling family finances can be overwhelming and stressful. Contact an MD Advisor near you to find out how they can help. If you or your spouse/partner is a medical student, resident or fellow, MD has a team of Advisors and Early Career Specialists dedicated to supporting you. We can help you plan for now and the future.
What can Scotiabank do for me?
Scotiabank helps our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, small business and private banking.
To learn how Scotiabank can help you with your everyday banking and lending needs, visit Scotiabank.
For physicians and physicians-in-training in your family, visit scotiabankhealthcareplus.com to learn about the banking solutions and benefits available to them through the Scotiabank Healthcare+ Physician Banking Program.
Advice for your family
- Budgeting
- Paying down debt
- Investing
- Incorporation
- Retirement planning
* MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec), or an MD Private Investment Counsel Portfolio Manager.
All banking and credit products and services available through the Scotiabank Healthcare+ Physician Banking Program are offered by The Bank of Nova Scotia (Scotiabank). Credit and lending products are subject to credit approval by Scotiabank. ® Registered trademarks of The Bank of Nova Scotia, used under licence.
Insurance products are distributed by MD Insurance Agency Limited. All MD employees dealing with clients regarding insurance products hold life licences. Estate and trust services are offered through MD Private Trust Company.
The information contained in this document is not intended to offer foreign or domestic taxation, legal, accounting or similar professional advice, nor is it intended to replace the advice of independent tax, accounting or legal professionals. Incorporation guidance is limited to asset allocation and integrating corporate entities into financial plans and wealth strategies. Any tax-related information is applicable to Canadian residents only and is in accordance with current Canadian tax law including judicial and administrative interpretation. The information and strategies presented here may not be suitable for U.S. persons (citizens, residents or green card holders) or non-residents of Canada, or for situations involving such individuals. Employees of the MD Group of Companies are not authorized to make any determination of a client’s U.S. status or tax filing obligations, whether foreign or domestic. The MD ExO® service provides financial products and guidance to clients, delivered through the MD Group of Companies (MD Financial Management Inc., MD Management Limited, MD Private Trust Company, MD Life Insurance Company and MD Insurance Agency Limited). For a detailed list of these companies, visit md.ca. MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies.