Highest Paying Jobs in Canada 2023

Undoubtedly, in recent years, Canada has grown to be one of the top immigration destinations. One of the main reasons why people select Canada as their favourite immigration destination is because of the advantages of its immigration regulations. Additionally, Canada’s high standard of living, medical benefits, safety and security, breathtaking scenic regions, and abundant job prospects draw immigrants.

The work market in Canada is quite profitable, with some positions paying over $300,000. Finding the top paid positions is key, and doing so will help you land a solid job. To live well and retire early, it’s critical to have a stable employment.  Senior Anesthesiologists earn an average yearly compensation of $358,500, making them one of the highest-paying professions in the nation, according to Indeed but these job rates are rare and sometimes depends on appointments

Here is a list of highest paid professions in Canada to build up a career.

Medical sciences

 Physician $252,000 per year – Being a doctor is probably the best-paid profession in Canada. Salaries can go as high as $300,000+ per year, especially for surgeons, cardiologists, radiologists, or anaesthesiologists.

Dentist $178,000 per year – Dentistry is not covered by state insurance; therefore, dentists are free to start their own private practices, and this comes with significant earnings.

Psychologist $138,000 per year – Psychotherapy is a growing trend among people, partly because we are becoming more aware of the importance of mental health, partly because the struggles of our times often put extraordinary pressure on a lot of people, so if you study psychology, you can be sure your profession will be in high demand and you’ll have one of the highest-paid jobs in Canada.

Optometrist $104,000 per year – Optometrists diagnose and treat eye diseases and vision problems. They perform eye exams to identify any problems in your vision. 

Registered nurse(RGN) $89,000 per year – Nurses might be the most respected professionals in Canada, according to a survey in which 92% of Canadians expressed very positive opinions about nurses.

IT and computer science

One of the most popular domains today, it is also developing and evolving quickly. As technology advances each year, you won’t get bored working in IT, and after a few years, your job will probably look entirely different. It’s understandable why positions like Product Owner and Full Stack Developer are among the highest paid in Canada.

• Cyber Security Analyst/Engineer $135,000 annually.
• Developer Operations(DevOps) $130,000 annually.
• Cloud Architects/Systems Engineers – $130,000 annually.
• Product owner earns $117,000 annually.
• Front/Back End Developer – $90,000
• Data Scientist – $78,000
• UX/UI Graphics Designer (annual salary: $75,000

Financial controllers

Financial controllers’ annual salaries can range from $80,000 to $150,000 depending on their experience, education, and employer organisation. Larger businesses tend to pay more, and controllers who can lead financial departments or serve as executives in accounting fields often get the greatest money.

Engineering

With five to ten years of experience, the average salary for electrical engineers is $115,000. Although you’ll find higher average salary in places like Calgary, Ontario, and British Columbia, these occupations typically start out paying between $80,000 and $100,000. The industries with the most competitive salaries for electrical engineers are manufacturing and the energy sector. <br>
Due to the degree and experience requirements, as well as supply and demand issues, these roles are paid at such high rates. In Canada, a general lack of STEM talent frequently results in higher pay for technical positions.

Other High Paying Professions

• Corporate Controller — $109,000 annually
• Actuarial manager – $105,000 annually
• Zoologist – $87,865 annually
• Architect $86,000 annually
• Business System Analyst – $85,000 annually

Universities to study to have one of the highest-paying jobs in Canada

You must first obtain a Bachelor’s degree and, in the case of the medical sciences, at least a Master’s degree, if not a PhD, in order to be eligible to work in one of Canada’s finest jobs. According to QS Subject Ranking, the universities on this list are the finest in Canada for medical sciences, however a university’s reputation is meaningless if it doesn’t equip its students for the job market. As a result, we also examined their employability rankings in the Global University Employability Ranking and the QS Graduate Employability Ranking.

• McGill College
• College of Toronto
• College of Montreal
• McMaster University and the University of Alberta
• British Columbia University

Services to find Jobs Online in Canada