Navigating Your Financial Future: Key considerations for starting your practice

May is the CFPC’s Financial Wellness Month!

• Navigating Your Financial Future: Key considerations for starting your practice – Tuesday, May 27, 2025, 12:00–1:00 p.m. (ET)

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Navigating Your Financial Future: Key considerations for starting your practice
Friday, May 27, 2025, 12:00–1:00 p.m. (ET)

Join Dr. Lyster and industry professionals for an interactive panel discussion on key financial considerations for transitioning into practice and navigating the first five years of practice.

In this one-hour session, professionals from MD Financial Management, Scotiabank, and MNP LLP, along with a practising Family Medicine physician, will share essential financial insights tailored for Family Medicine residents and physicians in their first five years of practice.

Topics include:

• How to manage debt and cash flow
• Investment strategies for new-in-practice physicians
• What to consider when financing a clinic
• Tax planning essentials
• When and how to incorporate

… and more!

This session offers the opportunity to ask questions, gain insights, and engage in meaningful discussions tailored to your needs. Don’t miss your chance to get practical guidance on your most pressing financial concerns!
 
Have specific questions and/or topics you’d like covered during the session? Submit them in advance to make sure they’re addressed during the discussion!

Although this session will be in English, questions will be answered in the language they are asked.

May 27 – register now

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Meet the Moderator:

Carissa Walker – Early Career Education Specialist, MD Financial Management
As an Early Career Education Specialist with MD Financial Management, Carissa works with and supports medical students, resident physicians and new-in-practice physicians across Canada. Carissa is committed to sharing knowledge with early career physicians to support them in managing their financial needs and reaching their financial goals. Taking a holistic approach, Carissa works to consistently deliver tailored presentations on financial wellness to meet educational objectives.

Carissa’s career in the financial services industry began in 2020. Carissa earned a Bachelor of Commerce with a specialization in Finance from the University of Ottawa in 2021.

Away from work, Carissa enjoys exercising, getting out in nature, and spending time with friends and family.

 

Meet the Panelists:

Dr. Kish Lyster, MD, CCFP (EM) – Family Medicine Physician
Dr. Kish Lyster trained in Family and Emergency Medicine at the University of Saskatchewan. Currently, he practises High Acuity Inpatient Care and Critical Care Flight Medicine. He is the Medical Director of the Medical Surveillance Unit at a tertiary community hospital.

Kish has had a lifelong interest in finance, with experience in commercial real estate and equity and options investing.

Together with his partner, Kim, they raise three active teenagers happily shuttling between soccer, trampoline, and jiu-jitsu.


Melissa Allan, CFP^® – Senior Financial Consultant, MD Management Limited
Melissa understands the value of advice and takes pride in providing physicians and their families with thoughtful planning to help them meet their financial needs and reach their goals in life. Taking a holistic approach, Melissa works to consistently deliver tailored planning solutions to enhance her clients’ overall financial wellness. Melissa joined MD Management Limited in 2018, after working with several independent financial planning firms. Her career in financial services began in 2001.

Melissa holds the Certified Financial Planner^® designation.

Away from work, Melissa enjoys a glass of wine, travelling and spending time with her family.


Sherveen Kamran – Senior Manager, Healthcare & Professional Specialist, Scotiabank
Sherveen joined Scotiabank in 2005, working in various cities including Montreal, Quebec City and Ottawa, where she is currently located. Her career has flourished, moving her into progressively senior roles over the years. She brings a wealth of knowledge and industry experience to her professional clients and to her team. As Senior Manager, Healthcare & Professional Specialist covering Ontario, Sherveen leads a team of dedicated specialists who focus on providing practice financing solutions and tailored banking advice. She holds a Registered Financial and Retirement Advisor certificate. Outside of work, Sherveen enjoys exercising and living an organic and healthy lifestyle.


Nick Korhonen, CPA, CA – Consultant, MNP
Nick Korhonen, CPA, CA, is a Consultant for MNP’s Professional Services team and is located in the Ottawa office. A trusted advisor, Nick works closely with medical professionals, providing valuable advice to help them reach their business and personal goals.  
 
Nick specializes in advising growing medical organizations looking to significantly expand their presence. With expertise in tax, business, strategic planning, financing, mergers and acquisitions strategy, performance management and systems implementations, Nick helps growing professional organizations throughout their entire business lifecycle.
 
Nick is also actively involved with several provincial and national professional associations, delivering presentations and writing articles for their members on a wide range of topics to help them improve their business outcomes.  
 
Nick earned a Bachelor of Commerce in accounting and finance from Carleton University; he is a Chartered Professional Accountant (CPA), having qualified as a Chartered Accountant (CA); and he has completed CPA Canada’s In-Depth Tax Program.