University of Ottawa Faculty of Medicine

Welcome to mLIFE

The mLIFE curriculum equips medical students with the knowledge, skills, and mindset to achieve financial independence, lead within the healthcare system, and drive meaningful innovation.

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Aligned with MD Program Values

Built on What Matters

mLIFE is designed around the core values of the University of Ottawa's MD program.

Generalism

Broad-based training that prepares well-rounded physicians

System-Based Thinking

Understanding healthcare within larger systems

Family Medicine

Strong foundation in primary care and community health

Integration

Connecting clinical, financial, and personal development

Social Accountability

Serving communities with responsible, ethical practice

The Financial Journey

The Road Ahead

Every physician travels the same road. mLIFE prepares you for each stage before you get there.

Stage 1

Medical Student

Building the foundation. Understanding debt, budgeting on limited income, and developing financial literacy early.

Budgeting Student Debt Financial Literacy
Stage 2

Resident

First real income, but still training. Balancing loan repayment with living expenses, insurance needs, and early career planning.

Loan Repayment Insurance Career Planning
Stage 3

Early Career Physician

Income jumps but so do responsibilities. Practice setup, incorporation decisions, aggressive debt payoff, and beginning to invest.

Practice Setup Incorporation Investing
Stage 4

Established Physician

Peak earning years. Optimizing tax strategy, building wealth, real estate decisions, and planning for the future.

Tax Strategy Wealth Building Financial Team
Stage 5

Retirement

Transition planning, pension and RRSP withdrawals, estate considerations, and enjoying the financial independence you built.

Estate Planning Pension Financial Independence
Curriculum Roadmap

Four Years of Learning

Each year combines Personal Finance with Practice Management, building your competency over time.

Personal Finance

Why is Medical School Expensive?

Understanding the cost of medical education, budgeting strategies, and accessing financial support at uOttawa.

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Practice Management

What is a Financial Plan?

Why every physician needs a plan, what goes into one, and how to build your first one as a student.

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Personal Finance

Financial Literacy 101

Key terms, savings vehicles (TFSA, RRSP, FHSA), debt strategies, and building a personal financial strategy.

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Practice Management

Physician Remuneration & Career Opportunities

How physicians are paid in Canada, billing models, and the career paths open to you after training.

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Personal Finance

Who's on Your Financial Team?

Accountants, financial planners, lawyers, insurance brokers — understanding who helps you manage your money.

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Practice Management

Medical Innovation & Entrepreneurship

Building something new in medicine: startups, intellectual property, and the business side of innovation.

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Personal Finance

Debt Repayment & Lifestyle Management

Credit management, loan forgiveness programs, ROI of medical education, and values-based financial decisions.

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Practice Management

Setting Up & Managing a Practice

Solo vs. group practice, compensation models, overhead structures, and the business of medicine.

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Explore mLIFE

Dive Deeper

Everything you need, organized into four key areas.