MD Financial Literacy Podcast

A TFSA is an investment account that is registered with the federal government. Within a TFSA, you can invest in a variety of assets — stocks, bond, mutual funds, and more. There are yearly limits to how much you can contribute to a TFSA. You don't receive a tax deduction for the money you contribute to a TFSA. Instead, over the lifetime of the TFSA, the money in the account grows tax free. Additionally, when you withdraw money from the account, you pay no tax on the proceeds.Video and transc...

An RRSP is an investment account that is registered with the federal government and primarily used to save for retirement. Within an RRSP account, you can invest in a variety of assets — stocks, bonds, mutual funds, and more. There are yearly limits, based on your income, to how much you can contribute to an RRSP. Your contributions are tax-deductible, and no taxes are payable on your money or on its growth while it's inside the RRSP. When you withdraw money from the RRSP, however, the procee...

"Fungible" means "replaceable by another identical item, interchangeable". Digital assets such as images, gifs, or music files are inherently fungible — making an exact copy is easy. Non-fungible means an item is unique and can’t be replaced. NFTs are a way to make digital assets non-fungible. They introduce ownership of the file which cannot be copied. Generally, NFTs are unique data units with identification information and metadata stored on a blockchain network for security and verificati...

Market volatility is a measure of its overall price dispersion — the size and frequency of the price swings around the market’s average price. Most link market volatility to price declines, but in fact it describes both upwards and downwards movement. Generally, market volatility is normal and is an indicator that markets are functioning correctly.Video and transcript available here: https://invested.mdm.ca/financial-literacy/market-volatility* MD Advisor refers to an MD Management Limited Fi...

Interest is the cost of borrowing money. It is often expressed as a percentage of the amount borrowed —this is the interest rate. As a lender of money, you receive interest as payment for providing the funds and taking on the risk of lending. As a borrower, you pay interest.Video and transcript available here: https://invested.mdm.ca/financial-literacy/interest-rates * MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec).MD Financial Manage...

Inflation describes the rise in general price levels, or the loss in purchasing power of your money over time. Generally, a moderate, stable level of inflation is a sign of a healthy economy — it’s believed to encourage economic growth. Analysts typically look at the price of a "basket" of different goods and services the average consumer might purchase, for example, the Consumer Price Index.Video and transcript available here: https://invested.mdm.ca/financial-literacy/-inflation* MD Advisor...

A cryptocurrency is a digital or virtual currency that can be used as an alternative form of payment. Bitcoin and Ether are two examples. Cryptocurrencies use blockchains (a shared online database or ledger) with complex cryptography to process and secure transactions. Traditional currencies rely on intermediaries and central regulatory bodies to work. By contrast, cryptocurrencies are decentralized and are theoretically resilient to centralized management or interference.Video and transcript...

This week Angele LeBlanc and special guest Patricia Schmeichel get into some of the details about estate planning – why it’s important and the unique factors that physicians should consider to ensure their estate plan is executed the way they wish. Legal disclaimers and full transcript available here:

Host Alex Cheung and special guest Gareth Canning talk about a big decision many physicians face – whether to incorporate or not. Legal disclaimers and full transcript available here:

In this episode Stephanie Lewis and special guest Curtis Anderson tackle the topic of taxes and how physician families can plan strategically to save on taxes and reach their financial goals faster. Legal disclaimers and full transcript available here: