Medicus Pension Plan: Finally, a pension plan for physicians

The following message is issued on behalf of Medicus, established by MD Financial Management and Scotiabank.

Dear CAP - ACP member,

Physicians have been asking for a pension plan for decades, but it hasn't been possible until now. The Medicus Pension Plan^TM is a multi-employer pension plan designed specifically for incorporated physicians in Canada*. Medicus offers predictable, secure retirement income that’s paid for life and financial protection for your family, like pre-retirement death benefits, payment guarantee periods, and continuation of a lifetime pension to your eligible spouse.

Adding Medicus to your retirement planning strategy is a great diversification option, especially if you are thinking about tax implications on the capital gains in your professional corporation. Contributions to Medicus are tax deductible and the investments grow on a tax-free basis.

And did you know Medicus just offered its members their first pension buyback opportunity? A pension buyback enables members to increase their secure lifetime retirement income from Medicus by making a one-time transfer of assets into the plan to purchase additional pension. The 2024 pension buyback opportunity is available to physicians who joined Medicus before May 1, 2024. To make sure you don’t miss out on our next pension buyback opportunity, which we expect to offer in 2025, join Medicus today!

Start the journey to a future well-planned.
To learn more, visit medicuspensionplan.com

Medicus Pension Plan is a registered pension plan. It is registered under the Pension Benefits Act (Ontario) and the Income Tax Act (Canada). To determine if the Medicus Pension Plan is appropriate for your retirement planning needs and retirement income objectives, please consult with a financial advisor. Medicus Pension Plan™ is a trademark used under licence.

*Please note that at this time, physicians incorporated in, or whose primary place of employment is in, Saskatchewan, Manitoba, Quebec, and New Brunswick are not eligible to join the Medicus Pension Plan.

Medicus reserves the right to offer buybacks to plan members for limited periods of time. This limited pension buyback offering is available to physicians who joined Medicus on or before May 1, 2024, and who elect to complete a buyback with an event date of May 31, 2024, by submitting a completed election form by September 30, 2024.

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