Advice for Personal and Private Banking

We understand that your time is valuable and that having to deal with multiple people can be challenging. Through the Scotiabank Private Banking Group, there is a heavy emphasis on being responsive. Your Private Banking representative can offer a single point of contact so you transact with confidence, have fewer delays and time to do more of what you want to do.

Retirement is highly personal — for some physicians, a nest egg of $2 million may not be enough, while for others, $1 million may be more than enough. One of the hardest things about planning for retirement is articulating your retirement goals — it takes time and active reflection. The earlier you start thinking and talking about it, the more time you have to explore what retirement means to you, and how to create the retirement you want.

Read the articles Five key findings about how Canadian physicians are preparing for retirement and Retirement savings: What’s a physician’s magic number?

Private Banking offers an innovative, flexible and proprietary borrowing platform giving you uncomplicated access to credit. We can provide liquidity against your combined wealth holdings (whether you own them personally or through your corporation) to pursue investment opportunities without disturbing investment portfolios or triggering tax consequences.

If you’re an incorporated physician estate planning can be more complex than for other physicians. Your executor must have the time — as well as the knowledge of business, tax and estate laws — to manage your estate and the corporation you’re leaving behind.

There are possible taxes that many incorporated physicians need to take care of in their estate plan.

Your MD Advisor can refer you to an MD Estate and Trust Advisor to discuss estate planning strategies to help protect your family’s assets.

Learn more about estate planning for incorporated physicians.