The Canadian economy, which is among the biggest in the world, is expected to grow to US$2.62 trillion by 2026, according to a Statista analysis. In addition, the nation is a well-liked study-abroad location because it offers a better Return on Investment (ROI) and cheaper tuition than other nations like the US, UK, and Australia.
For experienced workers, the average salary in Canada (yearly) is rather high as well, ranging from CAD 54,600 to CAD 105,000. Depending on the kind of work, experience, abilities, and employers, this pay may change.
Discover more about the highest-paying jobs in Canada, the greatest industries to work in, how to find the best career prospects, and other topics by reading this article.
Top-Paying Jobs in Canada
In every industry, Canada has some of the top job prospects. Some common job titles and their associated salaries are included in the table below:
Job Title | Description | Average Salary |
Electrical and Electronic Engineering Technologies/Technicians | The technology industry is expanding, and electrical engineers have a plethora of career opportunities in Canada. | The average salary for an electrical engineer in Canada is around CAD 71,358 per year. |
Computer Engineering Technologies/Technicians | The field of computer engineering is in dire need of both software and hardware engineers. Computer engineers are frequently hired by IT companies in large quantities. The job market for software developers in Canada is looking good. | The average annual salary for a computer engineer is around CAD 78,424. |
Nursing | These days, one of the most promising professions is nursing. For seasoned nursing experts, working with Canada’s best public and private hospitals is a rewarding opportunity. | An average yearly salary of CAD 54,674 is offered to nurses. |
Software Developer | Software engineers with experience and skills are in high demand in Canada’s IT companies and other sectors. These experts create, edit, combine, and test computer codes for data processing and communications applications. | The average salary of a software developer in Canada is approximately CAD 68,476 yearly. |
IT Business Analyst | IT behemoths like Infosys and Amazon regularly hire people for IT business analyst positions. | Business Analysts usually get a package of CAD 67,088 yearly. |
Data Scientist | A lucrative and rewarding profession is available in data science. In Canada, there is a great need for workers, particularly those with experience and talent. | The average salary ranges between CAD 54,800 to 112,300 yearly. |
Network Engineer | The need for network engineers has increased as a result of remote working. A network engineer oversees the servers, programs, and network. | The average salary of a Network Engineer in Canada is CAD 72,223 yearly. |
Recruitment specialist | All hiring, staffing, and talent acquisition duties are handled by the recruiting expert. | The average salary of a recruitment specialist is CAD 48,636 yearly. |
HR manager | In charge of overseeing the HR division and the many responsibilities of HR executives and specialists is the human resource manager. Since HR managers are frequently hired by leading firms like Deloitte, EY, Infosys, and KPMG, there are a tonne of opportunities in Canada. | The average salary of an HR manager in Canada ranges from CAD 71,773 yearly. |
Sales Manager | The top Canadian global firms offer enormous sales and marketing prospects. It is a great career opportunity for those with strong marketing abilities. As a senior leader, a sales manager is someone that multinational brands look to hire across borders. Some of the top companies that offer the highest compensation for sales profiles are based in Canada. | The average salary of a sales manager in Canada is around CAD 63,120 yearly. |
Marketing analyst | Data is essential to an organization’s ability to survive in the marketplace. In Canada, becoming a marketing analyst may be quite profitable since businesses there employ marketing experts to collect, evaluate, and understand data to create effective business strategies and marketing campaigns. There is a great need, and it is simple to find work with international businesses in Canada if you have the necessary abilities. | On average, a marketing analyst earns around CAD 51,262 yearly. |
Operations Manager | In Canada, a variety of industries are involved in the creation of goods and services. Because of this, there will always be a need for operations managers. For people with operational and management expertise and experience, the companies offer attractive compensation packages. | The average salary of an Operations Manager in Canada is around CAD 70,874 yearly. |
Surgeon | The medical field is among the highest paying. Although there are many different specialties of surgeons, the most paid specialties are cardiologists, ophthalmologists, neurosurgeons, and oncologists. | The salary of a surgeon, on average, is around CAD 195,418 yearly. However, it depends upon the specialization. |
Lawyer | Experts with knowledge of business law, criminal law, labor law, and domestic law are highly sought after. Canada is home to several internationally recognized legal companies. | The average salary of a lawyer is around CAD 76,772 yearly. |
Finance Manager | Globally renowned brands and multinational corporations in Canada provide finance managers with competitive compensation packages. The pay for managerial roles is always spectacular, and they are also very lucrative. | The average salary in Canada for a finance manager is roughly CAD 79,193 yearly. |
Average Salary In Canada by Province
In Canada, the average pay varies by region. The amount of salary you will receive is determined by the cost of living in that specific area as well as other considerations.
Region | Hourly Salary (in CAD) | Weekly Salary (in CAD) | Yearly Salary (in CAD) |
45.35 | 1,701 | 88,428 | |
Alberta | 38.07 | 1,428 | 74,237 |
British Columbia | 33.97 | 1,274 | 66,232 |
32.50 | 1,219 | 63,369 | |
Quebec | 29.49 | 1,106 | 57,506 |
Nova Scotia | 29 | 1,088 | 56,550 |
Canada's Fastest-Growing Industries
The following sectors are growing in Canada:
Healthcare
This sector, which is projected to bring in $69.2 billion by 2022, is made up of general medical and surgical hospitals that keep beds as well as outpatient and pharmacy services. Canada’s healthcare system is funded by the public sector to the tune of 70% and the private sector to 30%. The biggest hospitals in Canada include the University of Alberta, Rockyview General Hospital, and Vancouver General Hospital.
Commercial Banking
As the economy recovers from the COVID-19 effects and returns to normalcy, the Canadian commercial banking sector is predicted to earn $240.1 billion in revenue in 2022 and grow moderately between 2021 and 2026. Toronto-Dominion Bank, Royal Bank of Canada, and Canadian Imperial Bank of Commerce are the company’s principal market shareholders.
IT Advisory Services
Due to the growing need for cloud-based services, mobile apps, and market-leading software solutions, the IT Consulting Industry is expected to bring in $67.1 billion by 2022. Information technology (IT) systems in this business are designed and managed by companies in both the public and commercial sectors. In the IT consulting industry, IBM Canada Limited is one of the biggest market investors in the nation.
Chemical and Petroleum Industry
For at least the next four years, the high sales volume of this industry is anticipated to be driven by the expansion of domestic oil production and the heightened demand from downstream industries. The three biggest market participants in gasoline and petroleum bulk stations are Shell Canada Limited, Suncor Energy Inc., and Imperial Oil Limited. In 2022, these stations are expected to generate $202.7 billion in sales.
The Difference Between The Average Salary In Canada and The Median Salary
The income that falls precisely in the middle of a profession’s compensation range is referred to as the median salary. Conversely, the average wage is the mean of all the income received by the number of workers in a given position. In Canada, the annual maximum average wage is approximately 534,000 CAD, or INR 31189445. The median salary is roughly 112,000 CAD, or INR 6541606, each year. This indicates that half of the population earns more than 112,000 CAD, and the other half makes less.
Salary indications include both the average and the median. You are making a good living if your pay exceeds both of them. If it’s not up to par, there’s always an opportunity for improvement.
The Range of Average Salary In Canada
The average salary in Canada is 534,000 CAD, or INR 31189445, with a range of 30,200 CAD, or INR 1763897.
Pay according to Experience
- After two to five years of labor, your pay increases by 32%.
- a 36% pay increase after five to ten years of labor.
- a pay increase of 21% for ten to fifteen years of experience.
- A 14% increase over 15–20 years and
- A 9% increase over 20 years.
Increase in Pay Compared to Education Level
- After completing a Certificate or Diploma program and high school, an employee’s pay increases by 17%.
- an increase of 24% in bachelor’s degrees.
- a 29% increase following master’s degree completion.
- and an increase of 23% for Ph.D. holders.
Canada's Highest Average Annual Salary by Job Sector
According to official records, the average salary in Canada for 2020 is CAD 1,050.59, or INR 61362 per week, and CAD 54,630, or INR 3190785 each year. The yearly average pay climbed by 4% this year compared to last, indicating a faster pace of growth.
This is a list of Canadian salaries that will increase in 2020.
- Accommodation and Food Services – $22,877.92 or INR 1728837 (+6.4%)
- Administration and Support – $47,369.92 or INR 3579722 (+9.4%)
- Arts, Entertainment and Recreation – $40,241.76 or INR 3041052 (+26.3%)
- Construction – $68,374.28 or INR 5167091 (+3.2%)
- Education – $58,343.48 or INR 4409038 (+6.5%)
- Finance and Insurance – $76,843 or INR 5807793 (+9.1%)
- Forestry and Logging – $58,739.20 or INR 4439493 (-8.9%)
- Health Care and Social Assistance – $52,888.68 or INR 3997275 (+8.4%)
- Information and Culture Industries – $71,634 or INR 5414097 (+4.3%)
- Management of Companies and Enterprises – $74,560.72 or INR 5635244 (+0.0%)
- Manufacturing – $59,250,36 or INR 447814220 (+1.6%)
- Mining, Oil and Gas Extraction – $113,506.12 or INR 8578783 (+3.1%)
- Professional, Scientific and Technical Services – $76,077.56 or INR 5749899 (+2.0%)
- Public Administration – $75,799.88 or INR 5728888 (+9.3%)
- Real Estate (Rental/Leasing) – $58,623.76 or INR 4430726 (+14.6%)
- Retail – $34,503.04 or INR 2607736 (+8.0%)
- Transportation and Warehousing – $61,011.08 or INR 4611211 (+6.7%)
- Utilities – $101,531.04 or INR 7673712 (+1.6%)
- Wholesale Trade – $67,456.48 or INR 5098324 (+2.8%)
Seek Higher education Education in Canada for the Best Job Opportunities
Easy immigration laws and initiatives like the Post-Graduation Work Permit (PGWP) and Student Direct Stream (SDS) in Canada encourage overseas students to hunt for employment after completing their studies. The job market is strong, vibrant, and full of prospects for high-paying jobs.
Canada is one of the most popular countries for foreign education because of its highly regarded faculty members, highly regarded research centers, and top-notch educational infrastructure. Let’s go over the main justifications for why Canada is a great place to pursue higher education and employment prospects to fully comprehend this:
Prestigious colleges
The top 100 universities in the world are located in Canada. Students from all over the world attend some of the renowned universities, such as the University of Toronto, the University of British Columbia, and the University of Alberta. International students can obtain significant degrees from these universities that are acknowledged by multinational corporations and conglomerates.
Opportunities for part-time employment
Part-time employment is permitted for students attending Canadian universities. They are permitted to work 20 hours a week both on and off campus, and an additional 40 hours on weekends or holidays. In this manner, foreign students attending Canadian colleges can control their spending while gaining the necessary corporate exposure.
The economy of Canada is developed
Canada is a highly developed nation. There are a plethora of options, and international students studying in Canadian colleges consistently receive the greatest pay and benefits packages. It boasts a low unemployment rate and is among the most well-liked economies in the world.
Degrees based on research
The Canadian government provides money and opportunities for research researchers while they are enrolled in courses. Research from Canada is highly regarded worldwide, and students can easily land a job at one of the top international corporations with a competitive wage.
Permission to Work After Study
Canada is a hospitable nation that values keeping people with ability and abilities. After completing a course or earning a degree, international students can apply for work permits through programs like PGWP and SDS. Meritorious students from throughout the globe choose Canada as their study destination in part because of this.
Qualifications for a Canadian work permit
Eligibility Requirements for a Canadian Work Permit are;
- A passport that will still be valid after six months from the intended arrival date in Canada.
- Evidence that the candidate has sufficient funds to pay for their costs while they are in Canada.
- Only accredited hospitals are permitted to perform medical examinations.
- The application cost.
- Certificates of education qualification.
- Documentation of professional background, including employment history.
- Two current passport-size photos.
- Results from the TOEFL or IELTS exam.
- Candidates must provide proof that, once the work permit expires, they will depart Canada.
- No history of criminal activity.
- Avoid employment with any unregistered, illicit, or unregistered employer in Canada.
- You need to be well and have health insurance.
