Guest windymountain2003 Posted December 27, 2004 Report Share Posted December 27, 2004 I am trying to budget and need to know what the final year costs in comparison to first or second year. I know there are interviews and test fees but what are they and what other costs should I know about? Thanks, WM Link to comment Share on other sites More sharing options...
Guest therealcrackers Posted December 27, 2004 Report Share Posted December 27, 2004 We just got hit with expenses to cover our MCCQE part I exam--- $680, and $1000 if you miss the initial deadline! Other expenses will include CaRMS, a minimum of $200 + $20 per program beyond the first four; accomodation, transportation, and clothing for interviews; accomodation, transportation and living expenses for any "away" electives you do; maybe an ACLS course? (I'm not sure if this is covered by the school). In Ontario you will also get hit with the first levy for your medical insurance before you start residency; this has been reported to be as high as $1500. Plus incidental expenses related to graduation (which are minimal) and moving (which are not) depending on where you do your residency. It's not cheap, but so far it seems worth it. Good luck! Link to comment Share on other sites More sharing options...
Guest not rex morgan Posted January 4, 2005 Report Share Posted January 4, 2005 Airmiles, airmiles, airmiles. Try to find a credit card with airmiles and no yearly fee and pay your tuition with it. I'm combining two family members airmiles and have bought a couple of seat sale tickets. The total cost of flying for my 18 day cross country tour is less than 500 bucks. I also have spent roughly that on flying to electives. Considering the amount of travelling that is, it's pretty good and saves you alot of money in the end. Link to comment Share on other sites More sharing options...
Guest HSR07 Posted January 12, 2005 Report Share Posted January 12, 2005 What credit card lets you collect airmiles? I've been looking for a new one (I don't really need to collect GM points) but I can't find one for airmiles. Link to comment Share on other sites More sharing options...
Guest bridge Posted January 12, 2005 Report Share Posted January 12, 2005 BMO has an Airmiles credit card. TD and Royal also have air rewards cards, though not specifically Airmiles. Link to comment Share on other sites More sharing options...
Guest Lactic Folly Posted January 12, 2005 Report Share Posted January 12, 2005 bmo.ca/mosaik Like bridge said, there are others out there as well. Article on no-fee rewards credit cards: www.redflagdeals.com/deal...y/credit1/ And a comparison chart: www.redflagdeals.com/deal...ay/credit6 Link to comment Share on other sites More sharing options...
Guest Kirsteen Posted January 12, 2005 Report Share Posted January 12, 2005 Hi there, CIBC offers an Aerogold VISA that allows you to collect Air Canada miles (1 mile for every $1 spent). Cheers, Kirsteen Link to comment Share on other sites More sharing options...
Guest nikkicell Posted March 14, 2005 Report Share Posted March 14, 2005 4th year sucked upcoming CPSO fees 400 bucks LMCC exam 600 bucks carms cost me 2000 bucks and i only went to 6 places having said that, Carms meant staying away from my apartment and didn't have to pay for heat turned up...... Link to comment Share on other sites More sharing options...
Guest Ian Wong Posted August 16, 2005 Report Share Posted August 16, 2005 Floating back to the top... Ian Link to comment Share on other sites More sharing options...
Kirsteen Posted January 1, 2007 Report Share Posted January 1, 2007 4th year sucked upcoming CPSO fees 400 bucks LMCC exam 600 bucks carms cost me 2000 bucks and i only went to 6 places having said that, Carms meant staying away from my apartment and didn't have to pay for heat turned up...... Hey, Don't some provinces cover the cost of the insurance fees? I don't recall that Ontario does, but I thought I'd read that others do? For those which don't, I'm assuming that this can be deducted from income tax as a professional expense? Cheers, Kirsteen Link to comment Share on other sites More sharing options...
crackers Posted January 3, 2007 Report Share Posted January 3, 2007 You can deduct your CaRMS application fee (they'll send you a receipt) and you can deduct your College fees as tuition and professional organization expenses, respectively; but in Ontario you cannot deduct your CMPA dues as they are often reimbursed at a pretty good rate by the ministry of health. And you can't yet deduct your LMCC fees because it doesn't directly lead to your professional certification! (I think you can hang onto it and claim it retroactively the year you start your practice, but check with an accountant or a tax lawyer about that.) Link to comment Share on other sites More sharing options...
Kirsteen Posted January 3, 2007 Report Share Posted January 3, 2007 You can deduct your CaRMS application fee (they'll send you a receipt) and you can deduct your College fees as tuition and professional organization expenses, respectively; but in Ontario you cannot deduct your CMPA dues as they are often reimbursed at a pretty good rate by the ministry of health. And you can't yet deduct your LMCC fees because it doesn't directly lead to your professional certification! (I think you can hang onto it and claim it retroactively the year you start your practice, but check with an accountant or a tax lawyer about that.) Hi there crackers, Thanks for filling me in. I'll definitely be bending the ear of the accountant about all of this. Sounds like things get all the more complex in residency. Cheers, Kirsteen Link to comment Share on other sites More sharing options...
Nikhila Posted March 7, 2007 Report Share Posted March 7, 2007 Hi there, CIBC offers an Aerogold VISA that allows you to collect Air Canada miles (1 mile for every $1 spent). Cheers, Kirsteen Hi, If I remember correctly I believe there is an annual fee for this credit card.... Something on the order of $120 per year. With Aeroplan miles, you generally get 1 mile per dollar spent however with Airmiles, it generally works out to less than this (i.e. at Dominion grocery store, you spend $20 you get maybe 13 miles). At least I think that is the difference! Nikhila Link to comment Share on other sites More sharing options...
up doc Posted July 27, 2007 Report Share Posted July 27, 2007 How do these cards compare with the RBC Avion? I've heard that it is a good card as far as travel rewards, but I am leary about paying $120 / year just to have it. Are there any cheaper or free alternatives that are comparable? cheers Link to comment Share on other sites More sharing options...
umza Posted August 9, 2007 Report Share Posted August 9, 2007 Earn same points as Aerogold...but... student rate, cheap annual fee...30$ less insurance as the aerogold Free spouse card Link to comment Share on other sites More sharing options...
mei Posted August 22, 2007 Report Share Posted August 22, 2007 For any of these cards you should calculate the % return. For example with Aerplan Gold card ($120/year) you get 1 mile per $1 spent. A return flight in North America at most is worht about $800 but will cost you 50000 miles to book. This means you spent 50120 dollars to get 800 back. About 1.6% , maybe a bit more depending on how you value your flight and if you got thousands of bonus miles other ways (like signing up). There are cards that just give you 2% back straight up, so you can think about which card is best for you. Although a lot of med students probably don't even spend $50000 in a year. We have been using the Mosaik card and in 2 years of one of us in med school and one in grad school we have earned 2 flights in Canada. The Mosaik gives you a 2X better conversion rate for AirMiles than if you don't have the card. When you work it out other % returns on some cards might be better, but having the miles encourages you to travel-which I like! Link to comment Share on other sites More sharing options...
Jag Posted August 22, 2007 Report Share Posted August 22, 2007 personally I had mosaik BMO for 3 years, and it was pretty much useless. Every flight I tried to book was full, or at really inconvenient times. One airmiles rep actually told me the gold card's popularity is the reason why there aren't many flights left to pick from anymore, and you need to book many months in advance. How am I supposed to know where I am going 7 months in advance? Platinum avion offered the first year for free, and a bonus 10,000 points on sign up so I took that. Now that mosaik's fee's have been hiked up to $90 per year, there is a greater savings to be had in the avion card (and flight convenience) Link to comment Share on other sites More sharing options...
up doc Posted August 23, 2007 Report Share Posted August 23, 2007 I never recieved any free first year with the avion? Was that a special promotion or some sweet talking? Link to comment Share on other sites More sharing options...
Jag Posted August 29, 2007 Report Share Posted August 29, 2007 special promotion. I had to sit around with my gold visa card for a year before they offered the upgrade Link to comment Share on other sites More sharing options...
Michelle Posted August 29, 2007 Report Share Posted August 29, 2007 I personally like the TD Travel Visa. You do have to pay a yearly fee, but it has still saved me a lot of money on travel. They basically have their own travel agency, so you can use your points to book travel on any airline, cruise, car rental, hotel, package vacation,etc. You get 1 point for every $1 spent, or 5 points for every $1 spent at their travel agency. 5000 points is worth $75 credit at their travel agency. Plus, you get to collect the points from whatever airline you are flying in addition to that (like Aeroplan miles or Airmiles). When I signed up, my yearly fee was $75, but they gave me 5000 bonus points, which basically cancelled out the fee I payed. Link to comment Share on other sites More sharing options...
Rome Posted December 29, 2007 Report Share Posted December 29, 2007 For anyone looking to cost-saving tips, MD management has a good article with suggestions on how to reduce costs/stress during the Carms process: http://mdm.ca/md/studentresident/students/index.asp?url=/content/md/studentresident/student/starting/2-6-4_carms.asp&language=E Link to comment Share on other sites More sharing options...
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