Canada is a popular destination for international students and skilled workers alike. If you’re considering moving to Canada for work or study, you may be wondering what a good yearly salary looks like. The answer to this question depends on several factors, including your profession, your location in Canada, and your level of experience.
In general, the average yearly salary in Canada is around CAD 55,000. However, some professions pay much more than this, while others pay less. According to the Government of Canada’s Job Bank, some of the highest paying jobs in Canada include:
- Surgeon: Surgeons are among the highest paid professionals in Canada, with an average yearly salary of CAD 424,000.
- Specialist physician: Specialist physicians, including radiologists, cardiologists, and neurologists, earn an average yearly salary of CAD 338,000.
- Dentist: Dentists earn an average yearly salary of CAD 190,000.
- Petroleum engineer: Petroleum engineers earn an average yearly salary of CAD 120,000.
- IT manager: IT managers earn an average yearly salary of CAD 104,000.
Of course, not everyone works in these high-paying professions. If you’re looking for a more realistic idea of what a good yearly salary might look like for your profession, you can check websites like Glassdoor or Indeed to see average salaries for your specific role.
It’s also important to keep in mind that the cost of living varies widely across Canada. If you live in a major city like Toronto or Vancouver, you can expect to pay more for housing and other expenses than if you live in a smaller city or town. In general, a yearly salary of CAD 70,000 to CAD 80,000 is considered a good income in many parts of Canada, as it allows you to comfortably cover your expenses and save for the future.
In conclusion, a good yearly salary in Canada depends on your profession, location, and level of experience. While some professions pay much more than others, a yearly salary of CAD 55,000 to CAD 80,000 is generally considered a good income in many parts of the country.
