Top 15 Highest Paid Doctors In Ontario (2023)
The highest-paid doctors in Ontario are those that specialize in certain branches of medicine that remain somewhat scarce, or that do not have a very large number of professionals engaged in them. Even in a society like Canada; where everything is so well managed and organized in a manner that seeks to standardize earnings, some doctors tend to be financially better off than others.
Ontario is Canada’s biggest economy; sector by sector it contributes more to the Canadian economy than any other province. The health sector is no different; people in Ontario are quite willing to pay higher premiums than people in other areas within the country. This is why doctors tend to earn huge sums, and those who establish their own private practices tend to earn more than their counterparts who don’t.
From eye surgeons to neurosurgeons, and all the other specialists, there is a financial hierarchy among the doctors of Ontario. This high earning potential is what makes the region so attractive to people, and one major factor accounting for the rising rate of migration into Ontario.
Highest Paid Doctors In Ontario
So far Ophthalmologists are the overall highest earners in Ontario’s medical scene. Fixing people’s eyes is a serious business because all it takes is one wrong move for something to go monumentally wrong. To avoid the prospect of something going terribly wrong, therefore, people are willing to pay high fees for the treatment they receive.
Also important is the fact that most of the ranking ophthalmologists spend considerable expenses on their office leases, and staff, of which some have up to 70. On average, Ophthalmologists make around $791,000 in gross clinical payments, but individual doctors record as high as 3.5 million in a year.
Please note that these fees may include post-surgical treatment, as well all other procedures needed to ensure that the patients enjoy good eyesight.
2. Cardiothoracic Surgeon
While Ophthalmology is all about saving sight and restoring vision, Cardiothoracic Surgery is all about correcting problems relating to the heart.
That means the doctors literally hold people’s hearts in their hands. This is a matter of life and death. Cardiothoracic Surgeons may not be as busy as other surgeons, but they can rake in very large sums for every single procedure they undertake.
Cardiothoracic surgeons in Canada get paid an average of $588,000 per year. They are some of the highest-paid doctors in Ontario.
Neurosurgeons work on the brain and the nervous system. The nerves that go around the body help us to move our bodies: hands, feet, fingers, and all. These nerves also carry the sensation of pain. Neurosurgeons, therefore, have the job of alleviating chronic pain, which may be a result of something being wrong with the nerves.
Neurosurgeons are actually some of the most highly sought-after medical specialists in Ontario; their very high earnings come from them having a lot of work to do because of the number of people walking around with chronic pain.
For neurosurgeons, the average yearly earnings in Ontario is $558,000, but available data indicates that some doctors with private practices who are very highly recommended make up $5 million per year.
Demand for neurosurgeons is growing in Ontario; this is one of the most promising career paths for young people; although it is a very time-consuming job. Some Neurosurgeons have their offices open 24 hours a day, and 7 days a week. Some Neurosurgeons are available for patients and colleagues at all times.
Urologists are medical doctors that specialize in treating issues relating to urinary tracts of men and women. This may seem like a simple matter, but patients who suffer from urinary tract infections usually experience a lot of pain and discomfort; which is why the condition requires urgent attention, and the patients are willing to pay huge sums.
Urologists earn an average of $500,000 per year in Canada. No doubt, a huge chunk of that figure is made in Ontario, where much of the data is drawn from.
5. General Surgeon
A general surgeon is a medical specialist who handles a vast range of surgical procedures. They may repair internal or external tissue damage, as well as surgical procedures like hernias, appendixes, and ligament damage. They may also carry out pre and post-operative care, and provide emergency treatment for accident and trauma victims.
General Surgeons make on the average $466,000 per year, but some doctors earn far higher than that.
Anesthetists are doctors that specialize in easing pain, especially for those who are undergoing surgery. Without Anesthesia it would be nearly impossible to perform even the simplest surgical procedures as the patients would simply not be able to bear the pain. Anesthetists, therefore, alleviate the pain and immobilize the patient so that the surgery can be done quickly and safely.
This is a very complicated job because too much could kill a patient, and too little would not ease the pain. The Anesthetist also needs to be careful because infections can arise as a result of his work, especially if safety protocols are not followed.
Anesthetists may be required to follow up on patients after the surgeries have been carried out; this is because the pain can linger for some time as the patient heals from the surgery.
Otolaryngologists are doctors that work on the ear, nose, and throat. Their work involves diseases affecting the sinuses, pharynx, larynx, oral cavity, neck, thyroid, salivary glands, bronchial tubes and the esophagus. They may treat diseases, or handle cases involving birth defects, or problems arising from accidents or injuries.
Otolaryngologists earn around $444,000 per year in Ontario; and they are usually found in big hospital departments.
Obstetricians- Gynecologists are doctors that specialize in women’s health issues, including menstruation, conception, childbirth, and menopause.
A great number of Obstetricians- Gynecologists are employed by big hospitals, but most of them work in private practice and earn an average of $420,000 per year in Ontario. These professionals are often highly recommended by general practitioners, and help women get pregnant, and also go through the pregnancy safely.
As with other doctors who mostly work in Private Practice, it is not unusual to find Obstetricians- Gynecologists who earn several times the average salary for doctors of their specialization.
9. Orthopaedic Surgeons
Orthopedic Surgeons are doctors that specialize in bones, joints, ligaments, tendons, and muscles. This means treating people who have had bones broken as a result of nasty falls, or accidents, including motor vehicle accidents. In such cases, they usually work with trauma surgeons, and they are the second point of contact for people who have been in such accidents.
Without Orthopaedic Surgeons, people who have been in these accidents may never regain full bodily function. For their work, they receive an average salary of $438,000 per year and are very well-respected medical professionals.
10. Plastic Surgeons
Plastic Surgeons do more than liposuction and nose jobs for musicians, TV, and movie stars; they are some very important medical professionals. People who have suffered burns or accidents, and have had parts of their bodies damaged by the injuries; or people who were born with outward body defects will find these doctors’ skills particularly helpful.
For their work Plastic Surgeons earn around $394,000 per year. They are very much sought after in Ontario; they help people live better lives and regain their self-confidence.
Dermatologists do more than just treat skin blemishes; they are medical professionals that treat a variety of skin diseases and imperfections. Dermatologists are very important because there are more than 3,000 diseases that affect people globally. Some of these diseases are communicable, and so dermatologists must study them, understand them, and then devise methods of controlling or eliminating them completely.
Dermatologists mostly work with the skin, but also with the hair, nails, mouth, nose, and eyelids. They do not just promote good health; dermatologists also boost their patients’ self-confidence because good skin is what makes a person happy and confident.
For their work, Dermatologists earn an average of $385,000 per year; they are some of Ontario’s highest-paid doctors.
12. Family Medicine
Family Doctors are front-line medical professionals that take care of families and people for a good part of their lives. Being a family doctor means knowing a person’s entire medical history, and taking care of all that commonly affects people. Being a family doctor also means being the first to treat, monitor, and diagnose conditions, and then refer the patients to specialists when the occasion arises.
While family doctors in Ontario may not be the highest-earning doctors by average earnings of $280,000 per year, they are some of the highest-grossing earners due to their sheer numbers.
Pediatricians are like general surgeons; the only difference is that they specialize in little children. They, therefore, treat the medical conditions, diseases, and defects occurring in little children and also in adolescents.
Some pediatricians even specialize in specific areas affecting the health of young people such as pediatric oncology or cardiology, adolescent medicine, and so on.
Pediatricians earn around $296,000 per year in Ontario, making them some of the province’s highest-paid doctors.
Physiotherapists are medical doctors that specialize in physical medicine and rehabilitation. They help people regain the full use of their bodies after injuries or sicknesses, and sometimes they work with patients that have undergone surgeries at the hands of neurosurgeons, or trauma surgeons, or orthopedic surgeons.
They are very important because without them many patients would not be able to fully recover from their injuries.
They usually earn around $289,000 per year in Ontario.
Psychiatrists are doctors that treat psychological or other problems. They study, understand, and treat behavioral issues, such as mental illnesses, as well as emotional and behavioral disorders.
Psychiatrists earn an average salary of $282,000 per year, and they are vital to maintaining the balance of society.
The highest-paid doctors in Ontario are Ophthalmologists, especially those who have established Private Practices. As a matter of fact, it seems that a doctor’s earning potential increases exponentially when he establishes a practice, however, it must be stated that a good chunk of the earnings goes to lease payments, staff salaries, and maintenance of equipment.