How much do dentists make on average in say Ontario?

[lpcustom]

I think I keep repeating myself but haven't gotten a response.

 

Which is the probably the best place to practice? Urban/ Suburban or Rural?

 

Wouldnt this be a decision best left up for you to decide? What do you like? are you a city boy or a country bumpkin? Where would you like to live?

[unknown user 7]

Lol. My bad. I'm a city person, but I was curious with respect to income. I know that in the city, its really competitive...I mean at every plaza there is bound to be a dental clinic and there's even one plaza close by me that has two dental offices about 4 stores apart with another dental office a bit further down the street. Also, in rurals, although there isn't much competition, there would likely be a smaller patient base.

[xylem29]

Hey, I thought I'd add a bit of life to this dormant thread - I read on the ADA fact sheet about dentistry, and it writes that a dentist's average income is in the top 5% of US family incomes.

 

So I think people need to start thinking about relative income rather than hard numbers. I'd assume that physicians are also in the top 5% and that CEOs, Engingeers, Lawyers (probably at the bottom of the 5% since there's a lot that don't make that much) are also up there as well. So, in conclusion, I don't think we need to be concerned at all about the actual numbers - if you're in the top 5% of your country's average income, you're in good financial shape. There's no point in trying to talk about how you can make more money doing this instead of that, etc - if you're in the top 5%, stop complaining. Just pick something that is interesting to you and the rest will come along - besides, someone who nets $250K per year but who has terrible finance management will end up with less and more financial stress than someone who nets $150K who has good personal finance skills.

 

That's it - that's what we're talking about here, the upper middle class - if you're part of this economic strata, then it's up to you to decide what happens with your money, thinking about which career earns more is useless -fact of the matter is, they're all pretty much the same, all the high paying professions I mean. If you want to dream about making millions, well - reality is, you're unlikely to do so without taking on a huge amount of risk. The odds are against you. So, whether you choose law, dentisty, business (I wouldn't really put this in here but since many people on premed and SDN like to believe this, I will), medicine etc if money is one of the reasons, well, that's great - these professions are part of the top 5% in average net income. Stop worrying!! Pick the one that gives you the most of what you are looking for in a career.

[Mare]

I found this today:

 

Median 2005 earnings for full-year, full-time employees by sex, total - age group 25 to 54 and occupation, for Canada – 20% sample data

 

http://www12.statcan.ca/english/census06/data/highlights/earnings/Table804.cfm?Lang=E&T=804&GH=4&SC=1&SO=0&O=A

 

The data for Dentists is found 1/3 down the page, beside D013

 

 

 

Hope this helps

 

M

[bnface]

Hey, I thought I'd add a bit of life to this dormant thread - I read on the ADA fact sheet about dentistry, and it writes that a dentist's average income is in the top 5% of US family incomes.

 

So I think people need to start thinking about relative income rather than hard numbers. I'd assume that physicians are also in the top 5% and that CEOs, Engingeers, Lawyers (probably at the bottom of the 5% since there's a lot that don't make that much) are also up there as well. So, in conclusion, I don't think we need to be concerned at all about the actual numbers - if you're in the top 5% of your country's average income, you're in good financial shape. There's no point in trying to talk about how you can make more money doing this instead of that, etc - if you're in the top 5%, stop complaining. Just pick something that is interesting to you and the rest will come along - besides, someone who nets $250K per year but who has terrible finance management will end up with less and more financial stress than someone who nets $150K who has good personal finance skills.

 

That's it - that's what we're talking about here, the upper middle class - if you're part of this economic strata, then it's up to you to decide what happens with your money, thinking about which career earns more is useless -fact of the matter is, they're all pretty much the same, all the high paying professions I mean. If you want to dream about making millions, well - reality is, you're unlikely to do so without taking on a huge amount of risk. The odds are against you. So, whether you choose law, dentisty, business (I wouldn't really put this in here but since many people on premed and SDN like to believe this, I will), medicine etc if money is one of the reasons, well, that's great - these professions are part of the top 5% in average net income. Stop worrying!! Pick the one that gives you the most of what you are looking for in a career.

 

Finally, a voice of reason! Too many people are preoccupied by numbers due, in large part, to hearsay. "A friend of a friend of mine got an offer for $200K in a financial firm 2 years after graduation". Honestly, get a grip. Salaries are one of a person's most closely guarded secrets. Don't believe everything you hear! The average dentist or physician, as xylem points out, is in the top 5%of the population in terms of earnings. They live very comfortably. If that number is $100K or $200K, it doesn't matter, because it all works out. I, too, think we have a tendency to be caught up in the absolute numbers. But who can blame us in this age of high-powered CEO and celebrity obsession (mostly by the media).

[Mare]

I read on the ADA fact sheet about dentistry, and it writes that a dentist's average income is in the top 5% of US family incomes

 

Check out the link I posted too. From a quick scan of all the incomes, Dentists in Canada are definitely near the top of the pay scale.

[unknown user 7]

Does anyone else feel like stats can is a bit off?

 

Did we all see how much physicans happen to make on that 2005 report? Lol.

[Krnuckfan]

Does anyone else feel like stats can is a bit off?

 

Did we all see how much physicans happen to make on that 2005 report? Lol.

 

Yeah it seems really off imo.

According to that, general practitioners make more than specialists, and a pharmacist makes more than both lol.

[xylem29]

Does anyone else feel like stats can is a bit off?

 

Did we all see how much physicans happen to make on that 2005 report? Lol.

 

Bartenders $ 17,569 (Both sexes) - Know for a fact this is off. This doesn't include tips which are tax-free.

 

D031 Pharmacists $83,283

 

D011 Specialist physicians $68,574

 

D012 General practitioners and family physicians $ 69,062

 

D013 Dentists $ 85,842

 

Cool Guys, believe what you want to believe...this is going on and on and on and it'll never end. Also, lol - the thread in the medicine forums has a new twist! FPs have nothing to complain about! Look at the specialists! lol.

 

I'm still sticking by my most concrete evidence: Financial Institutions. Pretty simple: Your risk level is largely determined by your earning potential and job stability. I don't need to talk about pharmacy students, or physiotherapy, or chiropractic, or law students (yes, even law students do not qualify for the best banking packages), or MBA students - hey, if the banks choose to offer medical students and dental students upfront a $150K LOC at *Prime* (THIS - is the straw that breaks the camel's back, it's not the amount of credit, b/c one can argue that med/dent school is more expensive than the others, but the interest rate! that probably has to do with your risk level ie. ability to pay them back), then they must really be outta the loop.

 

It's like - "hey, I'm going to do a B.Comm at UToronto and then after I graduate, I'm going to make hundreds of thousands as an I-Banker, what banking package will you offer me?"

Bank: "Uh, the regular package that all undergraduates qualify for".

Student: "Oh, why, I'm going to become an I-Banker"

Bank: "Uh, yea, there's a lot of factors that go into that son, hate to break it to you, but not everyone becomes one and even if you do, your job stability is not that strong."

Student: "Ok, what if I am going to become the president of some big corporation!"

Bank: "Uh, yea - business, trust us, we know, we're a business too. It goes up and down and your job security is still not as stable to be considered safe for us. Plus, how long will it take for you to become the president? Btw son, business schools graduate thousands of MBAs every year - I guess that means thousands of people are making $250K + eh? lol. Well, we're certainly not going to take that risk....Prime + 1 for You!!"

[unknown user 7]

Pffft, become a petroleum engineer if you want lots of money.

[koft]

This thread is still going on? No one will ever tell you the exact amount they make, b/c of the taxman. Just to reiterate, you will earn a comfortable living, of course there are times that you will be stressed out.. Unless you invent something that become a global product. No MD, DDS, LLB will be on the Forbes 500 list..

________

Volcano Review

[stefanci]

i tried to tell them and nobody listened lol :p

[Contach]

yeah, 50-90k a year when she was starting up after taxes and stuff.

 

She's a woman and I'm a man.. So i will make more than this.

[celeron_266]

i will be glad if i make 100k after tax

[Oral Artist]

I can't speak for Ontario FP Dentists but, in Nova Scotia overheads typically run anywhere from 53-62% of Gross Income before taxes.

The N.S. Fee Schedule is lower than Ontario but in the fourteen years I have been playing with teeth as an owner and associate I have had a fairly predictable income over 110K/year and in recent years almost 2 times that.

I live comfortably and don't spend extravagantly. I work 30 hours/week and take 3 weeks vacation/year.

[lomohart]

hmmm...wow, so even if there are a lot of people who are scared of going to the dentist, they still earn big? this is interesting...well, i guess this is because more people are concerned with dental aesthetics now...so they spend more to get their teeth fixed...

 

Dentist Santa Monica

[scotty1324]

hmmm...wow, so even if a thread is dead for just under a year, people still come to advertise with a freshly created account?

 

Dentist Scotta Monica

[Phm]

Seriously though, dentistry will eventually pay for itself right? Once I factor in tuition and lost opportunity costs over 4 years, switching from being a pharmacist to a dentist is going to cost me over $700,000... I think I'll be happier as a dentist, but I don't want to be poorer!

[dentss]

wow you have got a tough decision to make...

[mach]

Seriously though, dentistry will eventually pay for itself right? Once I factor in tuition and lost opportunity costs over 4 years, switching from being a pharmacist to a dentist is going to cost me over $700,000... I think I'll be happier as a dentist, but I don't want to be poorer!

 

oh snap

 

Have you asked yourself how much happiness costs? I don't want to sound over dramatic but I feel that you should choose the career you'd be most happy in (and in the end, i'm sure in either career, you'll be financially stable)

 

Anyhoo, that's my $0.02

[1234]

Seriously though, dentistry will eventually pay for itself right? Once I factor in tuition and lost opportunity costs over 4 years, switching from being a pharmacist to a dentist is going to cost me over $700,000... I think I'll be happier as a dentist, but I don't want to be poorer!

 

700Gs is peanuts compared to what dentists can make over the long term. If you have a family and/or need to support an extravagant lifestyle, thats another story.

[Phm]

Oh I'm sure dentistry will be way more fulfilling than pharmacy. I'm just surprised by some of the earlier posts that the income difference isn't higher for some cases.

[koft]

Oh I'm sure dentistry will be way more fulfilling than pharmacy. I'm just surprised by some of the earlier posts that the income difference isn't higher for some cases.

 

if you use opportunity cost and ROI on your investment. I think it will end up being a wash. Seriously money doesn't buy happiness. What weren't you happy about pharmacy? Lack of automony? or just taking script and filling it out at a pharmacy? or taking order from Resident or MD in the ward? or lack of respect (frankly i think pharmacist had one of the highest respect)

________

Kawasaki Ex250J

[toothhead]

She's a woman and I'm a man.. So i will make more than this.

 

ummm... that's only if she opted to work less, which is a huge assumption to make. Sorry to break it to you, but the pay gap is extremely small in health professions now. This isn't 1970 anymore. In a few years, it will be gone completely given the sex ratio of graduands.

[Phm]

if you use opportunity cost and ROI on your investment. I think it will end up being a wash. Seriously money doesn't buy happiness. What weren't you happy about pharmacy? Lack of automony? or just taking script and filling it out at a pharmacy? or taking order from Resident or MD in the ward? or lack of respect (frankly i think pharmacist had one of the highest respect)

 

I have really mixed feelings about being a pharmacist. I'm going to miss a lot of my patients when I leave, but there's a lot about the job I won't miss. Like the Mondays when I get 5 minutes if I'm lucky to eat something on a busy 12 hour shift, or the Sundays when it's so slow I'm bored out of my mind. Dentistry I think will be great because you fill your day with scheduled appointments, so it'll be a nice steady pace. I work in a retail pharmacy now, but when I did my hospital placement the docs and residents were fine. It's true there's not a lot of autonomy in pharmacy. We mostly just watch for errors in prescriptions and ask the prescribing doctors to fix them... Pharmacy is trying to get prescribing rights, but I personally think anyone that wants to be qualified to prescribe needs to go to med (or dent) school first! In terms of respect for the profession, I think patients generally do, but I look up to my dentist way more than I do any of

my pharmacy colleagues or my own position and how I got there. When I got into pharmacy school, there was no PCAT

and you only needed a 60% and 1 year undergrad to apply. And when I got recruited for jobs in my last year, there's

no real screening process; most chains will hire a monkey if they had their degree and could legally unlock a pharmacy

gate. They didn't care if you had honours or barely scraped by to pass. So there's a lot of good pharmacists and a LOT

of bad pharmacists out there. I guess it's probably true for dentists too, but at least the schools try to pick people that will make good dentists.