A person working as Physician - Cardiology in Canada typically earns around 446,000 CAD per year. Salaries range from 223,000 CAD (lowest) to 691,000 CAD (highest).
This is the average yearly salary including housing, transport, and other benefits. Physician - Cardiology salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Physician - Cardiology salaries in Canada range from 223,000 CAD per year (starting salary) to 691,000 CAD per year (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
The median salary is 412,000 CAD per year, which means that half (50%) of people working as Physician - Cardiology(s) are earning less than 412,000 CAD while the other half are earning more than 412,000 CAD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Physician - Cardiology(s) are earning less than 339,000 CAD while 75% of them are earning more than 339,000 CAD. Also from the diagram, 75% of Physician - Cardiology(s) are earning less than 470,000 CAD while 25% are earning more than 470,000 CAD.
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 260,000 CAD to 363,000 CAD. Approximatly 20% fall under the 260,000 CAD cap. Ten percent of wages are from 363,000 CAD to 410,000 CAD. Only 5% of people grossed 410,000 CAD or more.
|0 - 2 Years|
|2 - 5 Years||+32%|
|5 - 10 Years||+34%|
|10 - 15 Years||+19%|
|15 - 20 Years||+8%|
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Physician - Cardiology salaries by experience level and this is what we found.
Employees with less than two years of experience makes approximately 267,000 CAD per year.
While someone with an experience level between two and five years is expected to earn 354,000 CAD per year, 32% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 473,000 CAD per year, 34% more than someone with two to five years of experience.
Additionally, Physician - Cardiology whose expertise span anywhere between ten and fifteen years get a salary equivalent to 564,000 CAD per year, 19% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 609,000 CAD per year, 8% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 653,000 CAD per year, 7% more than people with fifteen to twenty years of experience.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Physician - Cardiology employees in Canada earn 4% more than their female counterparts on average.
Physician - Cardiology(s) in Canada are likely to observe a salary increase of approximately 15% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Canada for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
"Physician - Cardiology" is considered to be a high bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
12% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 88% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
|Average Salary 2019|
|Average Salary 2020||+3%|
|Average Salary 2021||+2%|
|Average Salary 2022||+3%|
Physician - Cardiology salaries in Canada are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 3% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The minimum pay rate per hour for 'Physician - Cardiology' in Canada is 110 CAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
The average salary for Physician - Cardiology is 59% more than that of Doctor / Physician. Also, Doctor / Physician salaries are 57% more than those of Health and Medical.
|Job Title||Average Salary|
|Advanced Nutrition Aide||164,000 CAD||-63%|
|Advanced Practice Provider||162,000 CAD||-64%|
|Behavioral Health Specialist||140,000 CAD||-69%|
|Clinical Psychologist||358,000 CAD||-20%|
|Correctional Treatment Specialist||221,000 CAD||-50%|
|Counseling Psychologist||284,000 CAD||-36%|
|Emergency Department Physician||270,000 CAD||-39%|
|Exercise Physiologist||296,000 CAD||-34%|
|Forensic Pathologist||304,000 CAD||-32%|
|General Medical Practitioner||227,000 CAD||-49%|
|Genetic Counselor||200,000 CAD||-55%|
|Invasive Cardiologist||465,000 CAD||+4%|
|Mental Health Therapst||220,000 CAD||-51%|
|Naturopathic Physician||353,000 CAD||-21%|
|Neurophysiology Technologist||99,800 CAD||-78%|
|Nuclear Medicine Physician||319,000 CAD||-28%|
|Obstetrician / Gynecologist||331,000 CAD||-26%|
|Occupational Health Safety Specialist||164,000 CAD||-63%|
|Physical Therapist||190,000 CAD||-57%|
|Physical Therapy Director||228,000 CAD||-49%|
|Physician - Anesthesiology||400,000 CAD||-10%|
|Physician - Cardiology||446,000 CAD||+0%|
|Physician - CCU||262,000 CAD||-41%|
|Physician - Dermatology||348,000 CAD||-22%|
|Physician - Emergency Room||271,000 CAD||-39%|
|Physician - Endocrinology||359,000 CAD||-19%|
|Physician - Family Practice||235,000 CAD||-47%|
|Physician - Gastroenterology||331,000 CAD||-26%|
|Physician - Generalist||250,000 CAD||-44%|
|Physician - Geriatrics||224,000 CAD||-50%|
|Physician - Hematology / Oncology||325,000 CAD||-27%|
|Physician - Immunology / Allergy||363,000 CAD||-19%|
|Physician - Infectious Disease||322,000 CAD||-28%|
|Physician - Internal Medicine||369,000 CAD||-17%|
|Physician - Maternal / Fetal Medicine||307,000 CAD||-31%|
|Physician - Nephrology||353,000 CAD||-21%|
|Physician - Neurology||367,000 CAD||-18%|
|Physician - Nuclear Medicine||323,000 CAD||-27%|
|Physician - Obstetrics / Gynecology||321,000 CAD||-28%|
|Physician - Occupational Medicine||258,000 CAD||-42%|
|Physician - Ophthalmology||228,000 CAD||-49%|
|Physician - Otolaryngology||222,000 CAD||-50%|
|Physician - Pain Medicine||215,000 CAD||-52%|
|Physician - Pathology||257,000 CAD||-42%|
|Physician - Pediatric Cardiology||331,000 CAD||-26%|
|Physician - Pediatric Neonatology||328,000 CAD||-26%|
|Physician - Pediatrics||279,000 CAD||-37%|
|Physician - Physiatry||315,000 CAD||-29%|
|Physician - Podiatry||272,000 CAD||-39%|
|Physician - Pulmonary Medicine||223,000 CAD||-50%|
|Physician - Radiation Therapy||380,000 CAD||-15%|
|Physician - Radiology||357,000 CAD||-20%|
|Physician - Rheumatology||327,000 CAD||-27%|
|Physician - Sports Medicine||337,000 CAD||-24%|
|Physician - Urology||410,000 CAD||-8%|
|Physician Assistant||199,000 CAD||-55%|
|Preventive Medicine Physician||286,000 CAD||-36%|
|Registered Respiratory Therapist||196,000 CAD||-56%|
|Skin Care Specialist||182,000 CAD||-59%|
|Vision Rehabilitation Therapist||194,000 CAD||-56%|
|British Columbia||490,000 CAD|
|New Brunswick||419,000 CAD|
|Northwest Territories||436,000 CAD|
|Nova Scotia||445,000 CAD|
|Prince Edward Island||384,000 CAD|
Where can you get paid more, working for a private company or for the government? Public sector employees in Canada earn 4% more than their private sector counterparts on average across all sectors.
A good and competitive compensation would range anywhere between 412,000 CAD and 470,000 CAD. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.
The base salary for Physician - Cardiology in Canada is ranges from 339,000 CAD to 470,000 CAD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
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