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Clover_236

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  1. I am hoping to get some tips from the more financially savvy residents or staff, for those of us that’ll be graduating soon. As a graduating R2, I have been getting few offers for locuming, partnering and salaried positions. The main two that I am considering is a semi-permanent locuming position (6-8mos) vs a salaried hospital position. My main question is how to compare an office based gig (as new grad I’ll probably see 4-5 pts/hr so I’d guess around $130-140/hr income with 25% overhead) vs a hospital salary based position that probably comes to something around $115/hr but comes with health benefits and pension (I am still waiting to get the full package for details on remuneration). I know that there are opportunities for added income in the clinic with the occasional more lucrative chronic disease/annual exam/etc billing codes as well as some private billings, and of course there is the opportunity for incorporation in private practice. I am wondering about the cost of not being able to incorporate as a hospital employee, and if it’d be generally balanced out by the benefits/pension plan that one would get? Thanks guys!
  2. I did my research based MSc in a biomedical field in a year and a half. However that was in context of having done 3 research projects (NSERCs, honor’s thesis) in the same lab, already knowing and having optimized pretty much all of the lab protocols that were relevant to my project and having my PI’s full support. It was a lot of long days and weekends spent in the lab, and being lucky in sense that there were no big surprises, and everything more or less panned out as planned. So yes, it is possible, but if one is starting out fresh in completely new lab, it’s going to be markedly more difficult and likely not very realistic.
  3. Along the same lines as the above post… it’d be great if someone accepted in the CCFP-EM program could post what their elective schedule looked like during their residency.
  4. I signed a new contract that specified prime minus 0.25, rest of the LOC terms were kept exactly as before.
  5. Clover_236

    Tuition Tax Credit

    Some provinces, ON for example, give you separate provincial and federal tuition tax credits. When filling out the TD1 form, do I put only the federal portion (I’m leaving ON and will be filling in BC next year)? I’m not clear on whether the ON tuition tax credits can only be redeemed if one files his/her taxes in ON or from anywhere in Canada. Thanks!
  6. I have prime minus 0.25 from RBC, was very easy to set up, took less than day when I emailed my adviser that some of the other banks are offering this and I would like RBC to match it. So yes, if you're gonna switch to RBC make sure to negotiate for prime minus 0.25.
  7. You could try speaking to an RBC med LOC specialist, they might be more motivated to let you increase your LOC as an incentive to make switching more attractive. I know that $275K is certainly a theoretical possibility at RBC, I don’t have it personally have it but my adviser said it can be done on a case by case basis. Congrats on your trading success btw, that’s amazing gains. Would appreciate any tips/advise for complete newbies in this field!
  8. Owning a car is very expensive, even if no major repairs come up, the insurance and regular maintenance costs add up to thousands of dollars per year. Once you have an idea what car you may want, look up online what the ‘cost to own’ the car is, this’ll give you a rough idea of how much money you’d be spending on the car a year. I definitely would not get a car in pre-clerkship years and even in clerkship I would think long and hard about it. Depends on the location of the school, but at least in major cities, a significant portion of med students get by just fine without a car throughout the entire medical school. Public transit/walk/bike most of the time and taxi/uber/car2go etc for those early morning gen surgery rounds or late night OBS/ER shifts.
  9. Does anyone know what the situation with deferring student loan repayment as a UBC resident?
  10. Clover_236

    Mccqe 1

    I think a good piece of advice is not to get too worked up over it adaptive style. The truth is the differences in easiness/difficulty of the questions from subsection to subsection is rather small (it also says this on the lmcc website), and it is almost impossible to tell for sure if your questions are getting easier/harder if you just happen to get some random questions that you know or some that don’t know from lmcc’s enormous question bank. For the most part, the lmcc questions are neither ridiculously easy nor ridiculously hard, they are just ridiculously vague! Everyone feels like shit afterwards, just to varying degrees.
  11. Clover_236

    Mccqe 1

    I'd read the entire peds section, all of the subsections in TN peds can show up in bits and pieces, and its generally a high yield chapter to go over. (Granted I just wrote my lmcc, so aside not feeling overly shitty afterwards, I have no idea how it worked)
  12. Clover_236

    Taxes

    My program already reimburses us on a per KM basis if we have to drive to a different site, which is good! Ok so from what I understand then, the actual cost of obtaining and maintaining a car is not tax deductible even if it is specifically required by your employer.
  13. Clover_236

    Taxes

    Hey folks, For the residency programs where in the CaRMS program description it specifically says “residents must have a car”, does that mean then that car expenses will be tax deductible? If so, does it make a different if one claims car purchased vs payments for a leased car?
  14. Clover_236

    Cars, Cars, Cars

    For those with experience buying used cars. Is buying from a private owner/dealer and doing a professional pre-purchase inspection (e.g. through Canadian Tire or a similar company) safe enough in most cases in terms of not ending up with a lemon? Or given one’s lack of experience with cars, it’s pretty much worth the extra upfront cost to buy a certified pre-owned car?
  15. ^ From where to where are you moving? If its about the same as me, I can PM you the quotes that I have gotten from the different long haul moving companies.
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