Can a Physician (General Practice) afford to live in Toronto?

Excellent80% of take-home left to save — you can save aggressively here.
Median salary (gross)
Physician (General Practice) · Toronto
$216,277
Income tax (~38% effective)
Canada
– $82,185
Take-home pay
$11,174/mo
$134,092
Living costs (1 person)
$2,212/mo · curated
– $26,544
Savings potential
$8,962/mo · 80% of take-home
$107,548

Single professional, after-tax. Salary − tax − living costs = what you could save each year.

Monthly cost breakdown · Toronto

Rent (1-bed)$1,387
Groceries$292
Dining out$219
Transport$102
Utilities$80
Entertainment$131

Universal healthcare. Rent surged post-2022 but still below NYC/SF.

Full salary breakdown →Is this a good salary in Toronto? →Compare Toronto with another city →

How we calculated this

• Salary: CA-StatsCan median for Physician (General Practice), adjusted for Toronto.

• Tax: Canada single-filer effective rate (~38%). Official calculator.

• Living costs: hand-curated local budget for a single professional.

Planning estimates, not financial or tax advice. Updated 2026. Your situation will differ.