Dermatologists in New York City are among the most in-demand and well-compensated physicians in the region, serving a culturally fashion-conscious population with both medical and cosmetic skin care needs. Manhattan in particular supports a thriving cosmetic dermatology market that allows savvy practitioners to generate income well above typical medical dermatology benchmarks.
Cosmetic procedures — including Botox, filler, laser treatments, and body contouring — are entirely cash-pay and can dramatically increase a dermatologist's revenue beyond what insurance-based medical dermatology alone provides. Mohs surgeons earn a premium over general dermatologists due to the technical complexity and high volume of skin cancer excisions in NYC's aging population. Academic dermatology at NYU or Columbia offers research prestige but typically pays 20–30% below private practice.
Dermatologist at C$721,000 (~$533,540 USD) (single filer): Take-home is approximately C$16,194 per bi-weekly paycheck, or ~C$421,054 per year after all taxes.
| Career Stage | Annual Salary (CAD) | Approx. Net/Year |
|---|---|---|
| Resident (PGY) | C$141,000 | ~C$102,850 |
| Junior Attending | C$675,000 | ~C$396,287 |
| Senior Attending | C$853,000 | ~C$492,122 |
| Partner / Academic Chief | C$1,104,000 | ~C$627,261 |
| Tax / Deduction | Per Bi-Weekly Check | Annual Amount | % of Salary |
|---|---|---|---|
| Gross Pay | C$27,731 | C$721,000 | 100% |
| Federal Income Tax | −C$8,061 | −C$209,585 | 29.1% |
| Ontario Provincial Tax | −C$3,286 | −C$85,445 | 11.9% |
| CPP (Pension) | −C$149 | −C$3,868 | 0.5% |
| EI (Employment Insurance) | −C$40 | −C$1,049 | 0.1% |
| Net Take-Home | C$16,194 | ~C$421,054 | 58.4% |
At C$721,000, your effective total tax rate is approximately 41.6%.
Major employers in Toronto for dermatologists include University Health Network, Sinai Health, CAMH, SickKids.
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