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.
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)
Vet vs Related Professions
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