Welcome

This web site is a central resource for International Medical Doctors (IMD), also referred to as International Medical Graduates (IMGs), who are working towards becoming licensed to practice medicine in Canada.
Follow any of the links in the menu bars above and to the left to take you to your area of interest.
To the left, you may also enter into the MLBP Forum for discussion of program related topics and news updates.

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The Medical License Bridging Program is under revision and services are not currently being delivered. If you are an International Medical Doctor in the Ottawa area looking for licensing or career information please visit www.imd-info.ca.

Program Summary

The Medical License Bridging Program for International Medical Doctors provides training in medical communication, healthcare culture, familiarity with Objective Structured Clinical Examination (OSCE) and exposure to Canadian medical practice through Observership. This focused training broadens knowledge of Canadian medical practice and improves the success rate of International Medical Doctors (IMD) as they pursue the medical exams and residency. To learn more about the Bridging Program in Ottawa, visit the About page.

Eligibility Criteria

IMD enter the Bridging Program through customized streams which recognize their individual readiness to successfully complete the program activities. Program entrance eligibility criteria include:

A medical resident’s guide to personal finance

Let focus on the component that is main first. Most of your target during residency/fellowship will be to develop into a physician that is great. The kicker is that not and you also must dedicate a while to your own money totally fail them. We are going to summarize the few monetary pieces you need to worry about during residency.

Budget

It's important, although I understand, I am aware, this word is hated by you! The good thing is that budgeting needs to be a lot easier as a resident since you probably have your regular pay checks. Most occupants drop anywhere from $45, 000 to $55, wages. average 000 for an You might feel “poor” as a resident, but the world is you're making as much as the typical U.S. home, so I have trust that you can efficiently assemble a budget and follow it.

Trick of a lifetime: Whilst an attending, try to stay off of your citizen budget for at least a couple of years. Build up your savings, pay off any debt and student loans, save for a down payment on a house, max out your Roth IRA and Roth 401k/403b. Please don’t buy an estate and exotic automobile with your first medical agreement, I beg of you!

 

 

Emergency fund

I am more aggressive here and prefer to normally find three to six weeks of income in your emergency account (others advocate three to six weeks of disbursement). In the event that you are making $50,000 a year, your emergency fund should fall between $12,500. 000 and $25,

Set money away each month into your checking account, not your bank account. I assure life will happen and you are going to require a sum of money at some level (most probably several points). It's extremely tough to live paycheck to paycheck and “hope ” which you can pay off your whole charge card bill each month.

Insurance

Malpractice should be a no brainer. Yet, you might also desire to be sure you have reliable disability coverage in place and perhaps a term life insurance policy in case it is required by your circumstances.

Because in the event you just take care of all above things, trading should come fairly simple investing comes last on our list for occupiers. Don’t blow off trading as a resident. Your very best chance to benefit from compounding interest is this exact moment. Search for a Roth: Roth 403 b, Roth IRA, and 401k. The primary principle would be to consistently make the most of any company match. In case your clinic provides a 100 percent match on your first 4 per cent of benefits for your 403b, choose to have 4% of your salary enter your Roth 403b and also the 4% match from your clinic will go to your 403b (sorry they are interested in having the tax deduction that is why they won’t set it into your Roth).

Open your own IRA once you've done that. You'll be able to give up to $5,500 each year to that particular consideration (as of 20 17). When you have done all of the above mentioned and still have room to save your self, brain back to the company plan (Roth 403b from our example).

Investing

As you can about personalfinance understand and absorb just as much. You don’t need to be an expert, but know enough to make sure you will not be being cheated. Visit Amazon and buy Dr. Wayne Dahle’s publication, The White-Coat Investor and/or Dr. Shaun Steiner’s novel, The Doctor’s Guide to Personalfinance. They do a fantastic job outfitting you together with the information needed to guard your-self and are both excellent scans. At the day's end, your period is much more useful being an outstanding doctor than the usual financial expert. Locate a counselor that is great which you like and trust, ask the best inquiries and hire them to help you together with your financial planning decades in the future.

Partners

 

Funders

Citizenship and Immigration Canada

Ministry of Citizenship and Immigration

 

Recommendation

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Budget

 

Insurance

 

Insurance