Investing for Dental Students

Advice and tools as you begin your new career in dentistry

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Chances are, you've taken on quite a debt load in your journey towards a career in dentistry. How you navigate and handle this debt can profoundly influence the opportunities you may be able to pursue in the future, whether personal or professional. Wouldn't it be nice if you had access to unbiased expert advice? Wouldn't it be even nicer if you didn't have to pay for it?

Good news! CDSPI provides dental students with complimentary access to non-commissioned, CERTIFIED FINANCIAL PLANNER® professionals dedicated exclusively to serving the dental community.

Advisors at CDSPI Advisory Services Inc. are here to help set you up for financial success and to answer common questions such as:

  • How can I live my life and keep my spending (and debt) in check?

  • Which is better for me, a TFSA or an RRSP?

  • What's the best way to save to buy a practice while also saving to buy a house?

  • How much debt should I take on when buying a practice?

  • Should I pay down my loan or invest?

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The Magic of Early Investing:
Discover the Power of Compound Interest

Compound interest is a powerful tool for increasing your wealth. The earlier you start, the longer your savings grow.  See how this works in practice.

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Financial Literacy

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Video Library

No-Cost Tax Returns for Dental Students

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Dental students across Canada who are enrolled in the no-cost student insurance program can have their basic personal tax return completed with an MNP advisor at no-cost. The offer also extends to spouses of dental students. Complete this form and a representative from MNP will be in touch with you directly.

Apply Now: No-Cost Student Insurance Package

Over 84%* of dental students across Canada are protected with the no-cost student insurance plan. Don't miss out! You could be eligible for:

  • $15,000 of dental hand tools insurance (from theft or damage)

  • $1,000/month of disability insurance

  • $100,000 of accident insurance

  • $100,000 of life insurance

Scotiabank Healthcare+ Dentist Banking Program

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You're focused on your dental training, let us focus on your financial well-being. The Scotiabank Healthcare+ Dentist Banking Program offers banking solutions designed to meet your unique needs as a dental student. In addition to the Scotia Professional® Student Plan Line of Credit, as a dental student you can receive savings and rewards on personal banking solutions to help you manage your finances.

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Learn

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Continuing Education: Should You Buy, Join or Start Your Own Dental Practice?

This course shares essential insights for dentists and dental students navigating the decision to buy, join, or start a dental practice.
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Building A Cash Flow Plan: A Guide for Aspiring Practice Owners

"You need a plan that ensures you can meet your obligations, pay yourself, and keep your business healthy.”
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A Grain of Salt

If you're turning to social media for your financial advice, this is what to watch out for.
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Debt: Minimizing Stress and Maximizing Benefits

The odds of successfully managing debt, and your stress are better when you create a clear plan of action to pay it down.
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Investing as a New Dentist – What You Need to Know

We'll help you create a financial plan that balances risk and reward to help you achieve your financial goals.
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Five Key Financial Considerations for Dental Grads

As new dental graduates embark on their careers, equipping them with financial knowledge sets them up for success.
The Summer Student Practitioner Program (SSPP) gives incoming fourth-year students to practice dentistry within approved competencies for up to seven weeks in any city across BC.

BC Dental Students Experience Dentistry Through SSP Program

A unique opportunity for incoming fourth-year dental students to practice dentistry, within approved competencies, for up to seven weeks in any city across British Columbia.
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The Diamond Dentist: Overcoming Key Pressure Points for a New Dentist (Part 2)

In the final part of this series on identifying and overcoming the pressures of being a new dentist, we examine the phenomenon of imposter syndrome in dentistry.
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The Diamond Dentist: Overcoming Key Pressure Points for New Dentists (Part 1)

In the first part of this two-part series on identifying and overcoming the pressures of being a new dentist, we look at the importance of financial wellness.
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Transitioning from Dental Student to Associate

Now that you’re about to earn your own income, it’s a good time to start thinking ahead to take stock of your goals.
New dental grad? Here are 5 smart ways to manage your debt

New Dental Grad? Here are 5 Smart Ways to Manage your Debt

With the cost of dental school ranging from $60,000 to over $200,000, depending on the school, you’ve just obtained the most expensive university degree in Canada.
Graduating from dental school? Is it time to buy a home

Graduating from Dental School? Is it Time to Buy a Home?

Fortunately, as a dentist, your potential strong future earnings can help make home ownership a reality. Before taking the leap into home ownership, however, there are several important factors to consider.
5 things for dental students to consider when financing their education

5 Things for Dental Students to Consider When Financing Their Education

The cost of tuition for a four-year degree from a Canadian dental school can run over $200,000. But the good news is you’ve got options.
3 smart strategies for financing dental school

3 Smart Strategies for Financing Dental School

There are options that can help, ranging from government student loans to bank student line of credits, scholarships and bursaries.
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The New Dentist Study Club Announces its 2024 Program

Six learning sessions are planned on a range of topics covering technical and non-technical subjects including oral radiology, complaint handling, and career planning.
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Understanding Malpractice Risk: Advice for New Dentists

Many new dentists tell us that anxiety over potential malpractice claims weighs on their minds, and they are unsure of the role insurance plays in safeguarding their careers and financial futures.
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A Conversation with 2023/2024 FCDSA President, Allister Mason

As the newly elected President of the FCDSA, Allister Mason is focused on solidifying the federation’s role in the Canadian dental student community.
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The First Home Savings Account: Your Questions Answered

The first home savings account, or FHSA, is a new savings tool to help first-time homebuyers purchase a home by offering tax advantages.
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Five Ways New Dentists can Kick-Start Their Financial Plan

How quickly should I pay off my debt? When should I start saving? How much will I need to retire? Is this the right time to incorporate my practice?
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Tips for Financial Success After Dental School

If you’re currently in dental school or a recent grad, here are five ways to help you start your career on solid financial footing.
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9 Budget Tips for Dental Students

A dentistry degree is one of the most expensive degrees to obtain. These tips can help set you up for success.
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Community Participation Builds Trust

Dr. Kevin Urness, a general dentist in Red Deer, Alberta, shares his insights on how to build a sense of community in your dental practice.
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A Profile in Multitasking: Nima Laghapour Lighvan

Meet Nima Lighvan, former president of the FCDSA discusses his move to Canada from Iran as a teenager, and the state of dentistry in Canada.
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Investing as a New Dentist – What You Need to Know

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New Dentist FAQs

*As of March 31, 2025.