While the average Canadian earns just over $49,000 a year, those with the right combination of skills, experience and education can command annual salaries that are upwards of $100,000. Jobs in this bracket are harder to find, but definitely worth the search.
Not surprisingly, the highest earners* are found in more traditional professions that require years of study and numerous qualifications, even at the entry level. These include physicians, dentists, lawyers and engineers. Lawyers earn up to $275,000 while judges earn $260,000. A family physician earns roughly $272,000, however, medical specialists can earn over $375,000.This category of high earners also includes senior managers with salaries up to $225,000. The top salary for airline pilots is $138,000 while actuaries earn $137,000.
Trades such as construction managers, welders, pipe fitters, plumbers and others can also break into the 100k salary bracket. Even realtors can join this category, if they are willing to work full time, as many do real estate as a sideline. Moreover, most of these occupations often do not require university education and instead rely heavily on work experience or training that can be obtained in less time than it takes to earn a degree.
Sales is another sector in which annual income can be high, for those with sufficient drive and self-motivation. Positions are often advertised offering high salaries when in fact those figures represent ‘potential’ earnings. Base salaries are low, but commission based structures can make earnings unlimited.
In Quebec, opportunities to earn 100k and up exist mainly in information technology (mobile application developers in particular), mining and forestry, healthcare, community service and public administration management. Equipment operators, welders, pipe fitters, electricians, plumbers are also in high demand, even more so in remote regions.
Challenges facing high income earners in Canada for the coming years
An unstable political climate combined with high taxes has resulted in more head offices moving out of Quebec and fewer big businesses choosing to establish roots in the province. Ontario may have more opportunities. Vancouver may be an option, even with the high cost of living there. Another stumbling block is Quebec’s shortage of family doctors precipitated mainly by the retirement of older physicians and smaller paycheques compared with other provinces and the States. We need our doctors, yet more than 50% of medical graduates leave.
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