Leon

Like many on here, I wouldn't have have made it into medicine either without this place. Finally done residency in 24 hours!

This is for dental students not medical.

Depending on the specialty, it may also be possible to practice as staff with a restricted license if one doesn't pass the RC on the first attempt. I believe you are able to bill as staff but need a staff MD to sign off on your cases/plans and you pay them a small stipend for them doing that.

Hmm is that the one intended for medical students/residents? The link seems to be under 'business' ? My Scotia rep in Toronto literally told me today the current cap is 350K and she is usually on top of things.

I'm so sorry to hear this is happening. I can't imagine how frustrating it must be to be in this limbo without new exam dates set. Canada is around 200 confirmed cases I think and if the curve is flattened as they're trying to do it looks like it may take several weeks if not months before seeing the peak caseload? So much uncertainty.

I would imagine that programs nationwide will be mindful of the restrictions and try to accommodate for that when assessing applications. I wonder how long the cancellations will be in effect for. Hopefully things settle and people don't lose too much elective time while being able to participate in training without unnecessary risk.

Clerkship was by far the most stressful time for me as I suspect it is for most of us. When comparing myself to others I think those with a lower self esteem are more prone to suffer from performance related anxiety and I was definitely one of those people. I also found my personality was such that I did extremely well on certain rotations and average on others. I almost failed one and the feedback I got was that I'm so passive I'm effectively part of the wall during a clinical encounter. That was nice to hear hah. This was so crushing the feedback session is vividly burned into my memory. I was really disheartened at the time but now, in pgy3, looking back I've come to realize that not all feedback is divine judgement on your actual abilities. Different staff have very different lenses both between and within specialties and you have to learn to be humble enough to accept constructive feedback that helps you learn while also being aware that perhaps not all feedback is necessarily accurate and not be too disheartened by some negative comments. This is difficult to do as there exists the inherent tendency to be somewhat narcissistic and just reject perceived negative feedback so it's a fine line. Hope this is helpful.

Thanks for your replies. I certainly agree and will be arranging to meet with a financial advisor and/or accountant in the next year just to plan things out. The numbers were hypothetical and I think it unlikely to be around that, at least not in the first decade post residency but I figured numbers in the post might be helpful for sample calculations etc. Thanks again.

Thank you for the replies everyone!

Hi everyone, I'm partway through a speciality residency and have started to think about staffhood. I understand the average taxation rate for us to fall between 30 to 40 percent depending on how much we work. I am strongly interested in supporting certain charities designated as such with the Canadian government. I have not yet spoken to an accountant but was wondering if anyone had any insight into the effects of donating large sums of money to charity and the effect on taxes. Let's say the gross income is 350K and one makes a charitable donation of 100k or more, how exactly does that impact taxes? Is it possible to 'give away' all or most of what you would otherwise pay to the government as income tax? I'm not sure about the specifics and hope to recruit some feedback before speaking to my accountant. Many thanks in advance.

When I got my loc four years ago they required a letter of enrollment which the university doesn't provide until August. I found a Scotiabank rep in Hamilton who was fine with releasing the funds with just the offer letter and drove over to set up my loc there. I transferred to a rep in Toronto last month just because I'm going to be here for residency and it's more convenient to have someone I can easily meet face to face with.

I believe all medical school line of credits are not locked. Assuming this, any bank should agree to the prime minus 0.25 that is currently offered by at least Scotiabank and RBC. If not, I would move. The savings depend on your outstanding debt but what's more important to me is a bank that will give me the best deal, especially considering their future business if they win my loyalty. Remember to try your best to work with a representative who is well versed in professional student lines because not all are. Some banks have a list on their website that tells you their professional students reps in each city. I'm currently with Lynne owen at the downtown Toronto branch at queen street west and university avenue. She applied for the minus 0.25 without me even asking.

I think self reflection and inquiry into your personal beliefs and motivations in life go a long way in offsetting some of the less desirable experiences in Medicine. In my case I picked a speciality that best aligns with my interests and personality (psychiatry) and I think it's important for all applicants to find a speciality that allows them to retain their nature and individuality.

Just an FYI. New students are being offered locs at prime minus a quarter by some banks. My Scotiabank advisor is trying have this deal applied to me despite me being a fourth year student. If you're interested you may want to explore this option as it can save hundreds per year in interest depending on your outstanding loc. In my case they are attempting to have the interest rate dropped from 2.7 to 2.45%

I'm probably uselessly late in replying but will do it anyway in case it helps others. I would say part time since full time suggests 40 hours per week. As a student the vast majority of your activities will be part time unless it's something like a summer job. Verifiers are anyone not related to you who can attest to the activity so other members of the team, lab supervisor etc.