Costs of CaRMS & Electives | How to Match to Medical Residency in Canada and Not Overpay💰

Matching to residency is becoming more expensive for Canadian medical students (and is even higher for IMGs). This video is an overview of the costs of applying to CaRMS and electives, as well as tips on how to spend wisely. Credit to Family Medicine resident and IMG Dr. Adri-Anna Aloia, Physiatry resident Dr. Eric Poon, and University of Toronto medical students Timothy Zhang & Rachel Goud for preparing this presentation for the Physicians Financial Wellness Conference.
𝗧𝗼𝗽𝗶𝗰𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱:
0:00 - Intro
0:03 - How to Match and not Overpay
0:59 - CaRMS Match Fees Overview
4:30 - Average Cost of CaRMS Match
5:12 - Line of Credit & Credit Card Use
8:03 - Costs of Traveling Electives for CMGs & IMGs
10:36 - Health Force Ontario $1500 Clerkship Grant
11:00 - Managing Finances during Electives
𝗔𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗣𝗿𝗲𝘀𝗲𝗻𝘁𝗲𝗿𝘀:
Dr. Adri-Anna Aloia is a current University of Manitoba Family Medicine resident and founder of the Foundation of International Medical Graduates. Financial literacy and budgeting has been a crucial element in her medical school training with the Royal College of Surgeons in Ireland in Bahrain and Dublin as well as navigating costs associated with travel and international electives. Dr. Aloia is passionate about her peers being penny-wise not only as medical students but as graduates embarking on the residency application journey.
Dr. Eric Poon is passionate about innovating healthcare technology and advancing medical education. He has always believed in guiding the next generation, and that's why he has dedicated himself to mentoring future Naval Officers of the Royal Canadian Navy. His love for education led him to create the Medical Mini-MBA during his undergrad years at Dalhousie Medical School. Currently, he is diving deep into Physical Medicine & Rehabilitation as a resident physician at the University of Toronto.
To learn more about the conference, reach out at:
1. Twitter: / pficonference
2. LinkedIn: / pfi-conference-a6a239249
3. UA-cam: / @pficonference
𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿𝘀:
There are no conflicts of interest to disclose. This presentation is for education purposes only. Any information, views or opinions expressed are solely those of the presenter or their company, and do not necessarily represent those of the Physicians Financial Wellness Conference (PFI Conference), nor are they a substitute for financial advice specific to your personal situation.
#CaRMS #residencymatch #medicalstudent

[@BreakingBadDebt]

𝗧𝗼𝗽𝗶𝗰𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱:
0:00 - Intro
0:03 - How to Match and not Overpay
0:59 - CaRMS Match Fees Overview
4:30 - Average Cost of CaRMS Match
5:12 - Line of Credit & Credit Card Use
8:03 - Costs of Traveling Electives for CMGs & IMGs
10:36 - Health Force Ontario $1500 Clerkship Grant
11:00 - Managing Finances during Electives
To learn more about the conference, reach out at:
1. Twitter: twitter.com/PFIconference
2. LinkedIn: www.linkedin.com/in/pfi-conference-a6a239249
3. UA-cam: www.youtube.com/@PFIconference