Understanding Your Finances
Understanding your finances is an important aspect to family planning. Helpful links can be found below to expected salaries as a resident, staff physician and general costs to raising a child in Canada.
You may be living on a resident's salary for several years! You may also have opportunities to moonlight to supplement your income depending on your specialty and program. Resident salaries are fixed by provincial unions. More details can be found at the link below.
Incomes vary across specialty, province, city and practice type. It may be helpful to talk to practicing physicians where you plan to work to have a better idea of your future income. Average salaries for practicing physicians across Canada can be found at the link below.
Having a realistic idea of what raising a child in Canada can be helpful as you start to plan your family. More details can be found at the link below.
Breaking Bad Debt, Dr. Steph - YouTube video on MATERNITY, PATERNITY & PARENTAL LEAVE, Employment Insurance (EI) in Canada
Ask a colleague/supervisor/resident to add you to the Physician Financial Independence (Canada) Facebook group (Medical students can indicate their student number and the school they are attending in response to group questions)