So THIS is how much doctors make ...

[pattycanuck]

http://www.portagedailygraphic.com/ArticleDisplay.aspx?e=1573504

Of note:

General practitioners came relatively cheap. The data show “about 95% of family doctors are earning under $500,000,” said Dr. Merrilee Fullerton, president of the Ottawa Academy of Medicine, adding most billings in the $250,000 to $500,000 block were likely near the low end of that range.

It is possible to earn >$500k as a GP - you just have to know how to do it. And it doesn't necessarily working 100 hours/wk, but looking at other options as a GP - private work, hospitalist, AFA/AFP agreements ... and there are a few that earn on the low end of $250-500k which is still very significant for a GP!

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[copacetic]

the family docs that are earning that 250-500K are ususally doing additional things. they may have additional training in EM or anesthesia and work at primary care centres in smaller cities or towns. in other circumstances they may be rural docs. this means that there arent any specialists around and they'll doing alot of the procedures themselves.

 

[deleted21609]

the family docs that are earning that 250-500K are ususally doing additional things. they may have additional training in EM or anesthesia and work at primary care centres in smaller cities or towns. in other circumstances they may be rural docs. this means that there arent any specialists around and they'll doing alot of the procedures themselves.

Net receipts for an office and personal income are very different things.

 

[copacetic]

Net receipts for an office and personal income are very different things.

im fully aware that these numbers are gross. average overhead is typically 35%. though overhead will be slightly less in rural areas due to reduced cost of office rent, and the fact that you can actually pay employees slightly less in rural areas due to reduced living expenses.

 

[redshifteffect]

I thought overhead was typically closer to 45-50% in Canada? At least those are the numbers I've been quoted by some of the GPs in GTA.

 

[bravotwozero]

Is it possible to work as a hospitalist in Canada? I'm sure that would cut your overhead!

 

[deleted21609]

im fully aware that these numbers are gross. average overhead is typically 35%. though overhead will be slightly less in rural areas due to reduced cost of office rent, and the fact that you can actually pay employees slightly less in rural areas due to reduced living expenses.

Yeah, but others might not be aware of the distinction, so I thought it wouldn't hurt to point it out. If they really wanted to give you useful information, personal income would be quoted. Quoting office gross is usual an attempt to mislead, not by you, but by the author.

 

[pattycanuck]

Yeah, but others might not be aware of the distinction, so I thought it wouldn't hurt to point it out. If they really wanted to give you useful information, personal income would be quoted. Quoting office gross is usual an attempt to mislead, not by you, but by the author.

I will kindly assume that this is directed at the CPSO publication author and not at the OP (ie me).

Eg. others in my practice are running a solid 70/30 split (one GP down the road is doing 75/25) and earning $380-420kpa gross (thus $266-290k net pretax) - based on ER/clinic and hospitalist activities.