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How Much Do Vets Make in Canada 2026: $95K–$130K (Owners $130K–$250K+)

Updated

Veterinary medicine is a career driven more by passion for animal care than by financial return. The economics are challenging: 8 years of education, significant student debt, and starting salaries well below what human medical graduates earn. However, the profession has been transformed by corporate consolidation — large veterinary corporations are buying up independent practices at high multiples, which has increased associate vet salaries to attract talent and made practice ownership a potentially very lucrative exit strategy. The other major shift is the growing willingness of pet owners to spend on advanced care, which has expanded the range of services and specializations available.

Verified Against Statistics Canada Data

The figures below come directly from Statistics Canada’s 2021 Census (employment income reported for 2020), the most detailed occupation-level income data StatCan publishes. Because the Census figures are from 2020, they are shown alongside an inflation-adjusted equivalent so the numbers reflect today’s purchasing power. This is an employment income figure for veterinarians as employees/associates; it does not capture practice-ownership net income discussed elsewhere on this page.

Veterinarian Income by Province (StatCan Verified)

Province Median (2020 Census) Median (Today, Inflation-Adjusted) Average (Today, Inflation-Adjusted)
Canada $96,000 $119,100 $128,400
Newfoundland and Labrador $134,000 $166,200 $183,600
PEI $101,000 $125,300 $119,100
Nova Scotia $86,000 $106,700 $106,700
New Brunswick $97,000 $120,300 $129,000
Quebec $88,000 $109,200 $119,500
Ontario $98,000 $121,600 $132,400
Manitoba $104,000 $129,000 $127,800
Saskatchewan $85,000 $105,400 $120,300
Alberta $100,000 $124,100 $135,700
British Columbia $101,000 $125,300 $131,000

Source: Statistics Canada, 2021 Census of Population, Table 98-10-0586-01. Figures are for those who worked full year, full time in 2020, and are inflation-adjusted to today’s dollars using the Consumer Price Index. *Some province/occupation combinations show “too few workers to report” because StatCan suppresses Census income cells with too few respondents to protect individual privacy — the data isn’t missing, it’s withheld for confidentiality.

Veterinarian Salary by Experience

Level Associate Vet Practice Owner
New graduate (0-2 years) $75,000-$95,000
Early career (2-5 years) $88,000-$110,000 $100,000-$140,000
Mid-career (5-10 years) $100,000-$130,000 $130,000-$200,000
Senior (10-20 years) $115,000-$150,000 $150,000-$250,000+
Specialist (board-certified) $150,000-$300,000+ $200,000-$400,000+

Salary by Province

Province Mid-Career Associate Practice Owner
Ontario (Toronto/GTA) $105,000-$135,000 $140,000-$250,000
Alberta (Calgary/Edmonton) $100,000-$135,000 $140,000-$240,000
British Columbia (Vancouver) $100,000-$130,000 $135,000-$230,000
Saskatchewan $95,000-$125,000 $120,000-$200,000
Manitoba $92,000-$120,000 $115,000-$190,000
Quebec (Montreal) $85,000-$112,000 $110,000-$180,000
Nova Scotia $85,000-$110,000 $105,000-$175,000
New Brunswick $82,000-$108,000 $100,000-$170,000
PEI $82,000-$108,000 $100,000-$165,000
Rural/remote premium +$10,000-$30,000

Salary by Practice Type

The type of animals you work with and the practice setting significantly affect compensation. Emergency and specialty practices pay more than general practice, while large animal vets in rural areas often earn premiums due to the difficult lifestyle (on-call nights, farm visits in all weather).

Practice Type Mid-Career Senior/Specialist
Small animal (companion) $95,000-$125,000 $125,000-$160,000
Emergency/critical care $110,000-$150,000 $150,000-$200,000
Large animal (mixed/farm) $95,000-$130,000 $130,000-$170,000
Equine $80,000-$120,000 $120,000-$180,000
Specialty referral practice $130,000-$200,000 $200,000-$350,000
Government (CFIA/regulatory) $90,000-$120,000 $120,000-$150,000
Industry (pharma/pet food) $100,000-$150,000 $150,000-$220,000
Academic/university $90,000-$130,000 $130,000-$180,000
Shelter/non-profit $75,000-$100,000 $100,000-$130,000

Veterinary Specializations

Board-certified veterinary specialists earn significantly more than general practitioners, but specialization requires a competitive 3-5 year residency after the DVM. There are fewer than 1,500 veterinary specialists in all of Canada across all disciplines.

Specialization Salary Range
Veterinary surgeon $160,000-$350,000
Veterinary cardiologist $160,000-$300,000
Veterinary oncologist $150,000-$280,000
Veterinary dermatologist $150,000-$280,000
Veterinary ophthalmologist $150,000-$300,000
Veterinary internist $140,000-$260,000
Veterinary radiologist $140,000-$250,000
Veterinary neurologist $150,000-$280,000
Veterinary anesthesiologist $130,000-$220,000
Veterinary pathologist $120,000-$200,000

Practice Ownership Economics

Corporate consolidation has made veterinary practice ownership both more lucrative (higher sale multiples) and more competitive. Independent practices typically sell for 5-8x EBITDA, and corporate buyers may pay even more for practices in desirable markets.

Factor Typical Range
Practice purchase price (small) $300,000-$800,000
Practice purchase price (multi-vet) $1M-$5M+
Revenue per vet (annual) $500,000-$900,000
Overhead 60-75% of revenue
Owner net income (solo) $120,000-$200,000
Owner net income (multi-vet) $150,000-$400,000+
Sale multiple (corporate buyer) 5-10x EBITDA
Typical practice sale price $500,000-$3M+

Education Path

Step Details Duration
1. Pre-veterinary undergraduate Science courses with prerequisites 2-4 years
2. Doctor of Veterinary Medicine (DVM) 5 Canadian vet schools (Guelph, Montreal, PEI, Calgary, Saskatchewan) 4 years
3. NAVLE exam North American Veterinary Licensing Examination After DVM
4. Provincial registration Register with provincial licensing body
5. Optional: Specialty residency Board-certified specialist training 3-5 years
Total (general practice) 6-8 years

Education Costs

Item Approximate Cost
Undergraduate tuition (2-4 years) $12,000-$40,000
DVM tuition (4 years — Canadian school) $60,000-$100,000
DVM tuition (4 years — US school) $200,000-$350,000 USD
NAVLE exam fee $700-$900
Provincial registration $500-$1,500/year
Average student debt at graduation $80,000-$120,000 (Canadian school)
Profession Mid-Career Salary Education
Veterinarian (DVM) $100,000-$130,000 7-8 years
Physician (MD) $250,000-$400,000+ 10-14 years
Dentist (DDS) $150,000-$250,000 8 years
Pharmacist (PharmD) $95,000-$120,000 6 years
Registered veterinary technician $38,000-$52,000 2-3 years

Benefits

Benefit Corporate Practice Independent Practice
Salary Competitive base Revenue-dependent
Bonus/production 18-22% of production over threshold N/A (owner keeps profit)
Health/dental Comprehensive Self-funded
RRSP match 3-5% Self-funded
CE allowance $2,000-$5,000/year Self-funded
Licensing fees Covered Self-funded
Pet care discount 50-100% staff discount N/A

Job Outlook

Canada faces a severe veterinarian shortage that has worsened since 2020. Pet ownership surged during the pandemic, while retirement rates accelerated and burnout drove some vets to leave the profession. Rural and large-animal practices are the most affected — some regions have no vet within a 3-hour drive. The shortage has driven up salaries, signing bonuses ($10,000-$30,000 are now common), and practice valuations. International veterinary graduates (IVGs) are increasingly filling the gap, though the licensing process can take 1-3 years.

Factor Status
Overall demand Very high — critical shortage nationally
Rural shortage Severe — some areas have zero access
Signing bonuses $10,000-$30,000 common
Student debt concern Moderate — improving with salary growth
Corporate consolidation Accelerating — 30-40% of practices now corporately owned
Burnout/attrition Significant concern — high compassion fatigue rates
International graduates Increasingly recruited; NEB process takes 1-3 years

Similar-Paying Professions

At a StatCan-verified median of $119,100/year (inflation-adjusted to today’s dollars), veterinarians earn about the same as several other professions covered on this site:

Based on the same Statistics Canada 2021 Census occupation income data (Table 98-10-0586-01) used throughout this page, inflation-adjusted to today’s dollars.