This year, statistics show that the majority of Canadians have been seeing an increase in income each year. In most cases, taxpayers are paying less and saving more. This is due to changes in rates pertaining to local and federal taxes. Overall, residents have seen some financial benefits in the past year.
We’ve compiled a list of some of the best careers income-wise for Canadians today.
In Canada, specialist physicians such as oncologists, as well as general practitioners, make, on average, some of the highest salaries in the country. Depending on what type of doctor you are, salaries can range anywhere from $150,000 to $300,000. Things such as location as well as experience are also determining factors.
To become a practicing medical physician, one must graduate from an accredited medical school and be licensed to practice medicine. A residency, which is a training period of anywhere from three to six years, is also required before one can become a specialist. The average salary for resident doctors is typically $60,000.
Senior Business Managers
The average salary for managers involved in business-related activities is approximately $105,000 in Canada. This includes those who work in communication services as well as finance. Depending on how long one has been employed in this field, salaries may even go up to as much as $160,000.
Most managers have at least a bachelor’s degree. However, this may vary, as well. Some individuals with lower levels of education have been able to work themselves up the ranks. Your experience and skills are essential factors in determining your qualifications for the job. Nevertheless, an increasing amount of college graduates are now pursuing master’s degrees to better their chances.
Lawyers are one of the top earners in Canada today. On average, lawyers earn about $104,000 annually with some of the highest-paid receiving over $1 million. Depending on the type of lawyers, such as personal injury lawyers or corporate lawyers, salaries can vary significantly.
To pursue a career in law, you must meet the educational requirements. Lawyers need to attend and graduate from law school. This is usually after they have already obtained a bachelor’s degree. Nevertheless, the years spent in school will definitely pay off in the long-run.
Pharmacists are healthcare professionals that specialize in the distribution of medically prescribed medications and other drugs. Starting off, pharmacists can make as little as $56,000 annually. However, with more experience, the top earners can make up to $160,000.
Pharmacists require a degree in pharmacy and need to pass a board-certified exam. Following this, they must be legally licensed to practice. This healthcare career, much like that of medicine, is great for earning one of the top salaries in the country.
Depending on your level of education, as well as experience, college professors can earn salaries well over six figures. Their job includes lecturing to students such as those studying for their bachelor’s, master’s, or doctorate. Some also do research, which includes publishing academic books and articles.
The average salary for experienced college professors is about $100,000 and can go up to around $160,000 for some. Many factors affect these numbers, such as how many years you’ve been teaching as well as if the position is full-time or not. Overall, professors can increase their salaries significantly with the more experience they acquire.
As you can see, there are multiple careers in Canada that have the potential to make you large sums of money in the long-run. However, education and experience are essential factors. For more information on these jobs or similar ones, check online for the latest Canadian job listings and the salaries they are offering.