Home Events Lunch Seminar: A VERY Brief Introduction to Financial, Tax and Insurance Planning as well as Select Advice for those completing a Pathology Residency or Fellowship

Lunch Seminar: A VERY Brief Introduction to Financial, Tax and Insurance Planning as well as Select Advice for those completing a Pathology Residency or Fellowship

Date

February 03 2023

Time

11:45 am - 1:00 pm

Speaker

  • Dr. Brian Cummings
    Dr. Brian Cummings

    Dr. Cummings is both an Anatomical Pathologist and a Chartered Accountant and is in full-time practice at Grand River Hospital and Saint Mary’s General Hospital in Kitchener, Ontario. Brian attained his Chartered Accountant designation in 1986 and taught Taxation and Managerial Accounting at the University of Prince Edward Island from 1989 to 1991 while completing all pre-requisites for admission to medical school. Dr. Cummings completed medical school at Dalhousie University in 1995 and was admitted to the Royal College of Physicians and Surgeons in 2002.

    Since entering medical school in 1991, Dr. Cummings has been intimately involved in advocating for accounting, tax and financial well-being of medical students, residents and practicing physicians in Canada. Following over 6 years as a regular columnist for Strategy: The Financial Digest for Physicians, Dr. Cummings joined Practice Solutions (subsequently MD Physician Services Ltd. and Joule) in 2002 as a Physician Consultant responsible for the development, implementation and delivery of practice management curriculum to specialty residents in Canada. In addition to regularly speaking to graduating specialists, Brian was an invited speaker for many specialty societies and spoke of various facets of management of a physician’s practice as well as financial and insurance planning and other related topics. Dr. Cummings has developed a number of tools, including “Tax Tips for Physicians and Physicians in Training” and many educational modules which are still available on www.cma.ca. In 2015, Dr. Cummings became a speaker for the Physician Leadership Institute of Joule as a co-presenter for “Dollars and Sense”.

    Dr. Cummings’ volunteer activities include Council member of the Laboratory Section of the Ontario Medical Association, Secretary-Treasurer of the Canadian Association of Pathologists, Board Member of the Ontario Association of Pathologists as well as a member of the Financial Reporting and Risk Oversight Committee (FRROC) and Investment Oversight Committee of the Royal College of Physicians and Surgeons of Canada (RCPSC). In August, 2019, Dr. Cummings was named to the CMA Audit and Finance Committee of the Canadian Medical Association.
    Brian lives in Waterloo, Ontario with his wife, Patricia and son, David.

A brief overview of Pathologist’s working condition and remuneration as well as a discussion of negotiation skills to maximize an opportunity. Further, insight into the financial insurance and tax opportunities and pitfalls for a Pathologist as well as the importance of a professional advisory team and resources available for those in training and in practice.

At the end of the sessions, participants will be able to:

  • Understand the need and benefit of a professional advisory team
  • Learn to take a vested interest in their professional and financial success
  • Discuss the remuneration and working conditions for a Pathologist across Canada
  • Utilize negotiation skills to optimize a potential opportunity
  • Discuss the importance of it’s “not what you make it’s what you keep

Target Audience: Faculty, Residents, Medical Students

CanMEDS Roles: Communicator, Collaborator, Leader