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Heisenberg_

1st year resident take home pay

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20 hours ago, Heisenberg_ said:

On average, how much do  2018  PGY1 residents in Ontario make after tax?

 

They usually reimburse all taxes,  since our tuition credit is quite high. 

The tuition credits run out by PGY3. So you make around 60,000 as a PGY1 in Ontario (you don't pay any taxes given we invested so much for our medical school tuition)!

The call stipends depend on your specialty, but 1 in 4 call sounds about right for the majority of off-service in-hospital rotations.

I do agree that 60,000 is pretty good unless you live in Toronto, where the rent is crazy high (> 2000 for "1 bedroom apartment" no utilities included). 

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On 4/14/2019 at 12:45 PM, LittleDaisy said:

They usually reimburse all taxes,  since our tuition credit is quite high. 

The tuition credits run out by PGY3. So you make around 60,000 as a PGY1 in Ontario (you don't pay any taxes given we invested so much for our medical school tuition)!

The call stipends depend on your specialty, but 1 in 4 call sounds about right for the majority of off-service in-hospital rotations.

I do agree that 60,000 is pretty good unless you live in Toronto, where the rent is crazy high (> 2000 for "1 bedroom apartment" no utilities included). 

Yes, this. The tuition tax credits you amass are actually incredibly helpful because it means you essentially aren't paying taxes for the first few years of residency. 

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Those of us who move from OOP or started studying after 2017 will still end up paying provincial taxes, however, since Ontario abolished the provincial tuition tax credit in 2017 and doesn't provide credit for provincial tuition tax credits from other provinces:mad:

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1 hour ago, insomnias said:

Those of us who move from OOP or started studying after 2017 will still end up paying provincial taxes, however, since Ontario abolished the provincial tuition tax credit in 2017 and doesn't provide credit for provincial tuition tax credits from other provinces:mad:

Yeah not going to lie, that is an INCREDIBLY raw deal.

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