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In 2018-2019, the average gross payment per physician reached $347,000 a year. [10] [11] Alberta had the highest average salary of around $230,000, while Quebec had the lowest average annual salary at $165,000, arguably creating inter-provincial competition for doctors and contributing to local shortages at the time. [11]
In 2012, the gross average salary for doctors in Canada was CDN$328,000. Out of the gross amount, doctors pay for taxes, rent, staff salaries and equipment. [90] In Canada, less than half of doctors are specialists whereas more than 70% of doctors are specialists in the U.S. [91] Canada has fewer doctors per capita than the United States.
The third largest healthcare expenditure in Canada are physician services which represented 15.1% of the total in 2018. [33] From 1997 through 2009, the proportion of total annual health expenditures spent on physicians declined. [107] In 2007, physician services cost $21.5B representing 13.4% of total health expenditures. [105]
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
Average wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612. [1]
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According to the 2022 Medscape Physician Compensation Report, physicians on average earn $339K annually. Primary care physicians earn $260K annually while specialists earned $368K annually. [6] The table below details the average range of salaries for physicians in the US of medical specialties: [6] [7]
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