Coronaxtra

Based on people's experiences, it seems like the US is more lucrative than Canada (add the value of the dollar and its even more lucrative). But I'm not sure how many people have moved countries over it.

So you would say you're content with what you make and living comfortably? Compared to other career options you may have considered? Would you consider practice ownership outside Toronto (start-up or reviving a dying one)?

Not yet. Two of my friends are currently in specialty school (OMFS, ortho) so any data from them will take at least another 3-4 years. Completely agree. Obviously this is a very very small sample but it does give some data from recent grads. Even though the avg may be 120-130k pre-tax, that's a very good income for someone with no debt. Really do reconsider dentistry if you take a 350-400k debt to make 130k pre-tax in the GTA (especially with the high cost of living). With such a small sample size, its definitely not representative of the whole dental population in the GTA. There is a lot of variety but at the end of the day, my point is that dentistry is something you should enjoy and love to do day in and day out, especially if you take on 350-400k debt. Those graduating with zero/minimal debt will not stress over making higher $$$, working longer hours to make loan payments, etc. And having minimal debt means you could buy clinic(s) quicker and have a higher income potential without worrying about school loans. I'd be having sleepless nights if I took 350-400k debt for dental school, 800k+ mortgage to live in the GTA, and all the high taxes you pay in Canada in general. That's just my opinion though but i'm sure some people share the same views.

A few of my friends have been practicing for exactly 1 year now. These stats might be useful for people looking to gain some info on the associate market in different areas. 1) Practicing in rural Alberta (~2 hours east of Edmonton) --> 220k pre-tax working 6 days a week 2) Practicing in GTA --> 150k pre-tax working 5 days a week 3) Practicing 1.5 hours outside GTA --> 175k pre-tax working 5 days a week 4) Practicing in Calgary --> 180k pre-tax working 5 days a week Although income does depend on types of procedures, days you work, etc., it does seem imo that dentistry is still a great profession. But if your taking out 350-500k loans for dental school, its better to go into another profession. If your parents can afford to pay for dental school and you have zero/minimal debt, then definitely go and be ahead of the curve so that you can buy clinics and have a higher income pretty quickly.

I think it’s more about flexibility than anything. If your willing to work a little outside he GTA for example, you will find a good paying job and have the ability to build a practice. Or, you could move to the states as strawberryjams has mentioned but that would bring another set of issues.

I think people are referring to the infinite momentum ($99) but you're still right. The payback is substantially higher than the annual fee. I've earned $650 back this year through my regular purchases (gas, groceries, etc.) using the infinite momentum and benefitted from the waived annual fee. I would say infinite passport/infinite momentum. 4% cashback on groceries/gas, 2% on drug stores/recurring purchases and 1% on everything else on top of great travel medical insurance and other benefits (extended warranty, etc.). The infinite passport is great for the lounge visits and travel rewards accumulation, plus both cards are visa and accepted widely compared to AmEx. If your advisor knows the right people at 40 King (Scotia HQ), they'll be able to pull off a lot more than you think

For those looking to get infinite momentum + infinite passport with Scotia, go to your advisor and state that other branches of Scotia are offering it. Tell them to touch base with Scotia HQ in Toronto, the Plaza branch is approving Infinite Momentum + infinite passport visa annually fees waived as long as you have a LOC.

Again it depends. There are some GPs that make more than specialists and vice versa. The ceiling is high for GPs and specialists, both fields being great careers

Some articles i've read are predicting another rise in October. Not sure how much truth there is too that but hoping for another 7 years before a rise

So prime did go up to 2.95%. Prime minus 0.25 coming in handy this year

So I'm guessing prime will now go up by 0.25 since BOC increased its overnight rate, making it 2.7% if you have prime -0.25?