Check out High Paying Canadian Jobs 2024 With Their Salaries

Canada’s labor market offers a wide range of opportunities with high-paying salaries, particularly in industries such as healthcare, technology, finance, and marketing. Therefore, I have compiled a list of the most financially rewarding professions in Canada, according to the November 2024 update. These vocations typically require specialized education, work experience, and training. Before that, I highly recommend that you thoroughly analyze the five most profitable industries in Canada, along with their matching National Occupational Classification (NOC) codes. These trades require only a basic level of education, such as vocational training, certification, or prior job experience, in order to receive a license.

Truck Driver (NOC Code 7511): Salary:: $140,353

The occupation of truck driver, classified under NOC Code 7511, has a noteworthy average yearly income of $140,353, positioning it as one of the most lucrative trades in Canada. In order to gain entry into this profession, individuals must satisfy a number of prerequisites. These include being a minimum of 18 years old, holding a valid driver’s license appropriate for the type of vehicle they plan to operate, passing a medical evaluation to confirm their suitability for the position, and frequently completing a specialized training course, although this last requirement may differ depending on the employer.

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Plumber (NOC Code 7251): Salary: $101,800

Plumbers, categorized under NOC Code 7251, earn an average yearly income of $101,800. In order to become a plumber, individuals must meet several requirements. Firstly, they must be a minimum of 18 years old and possess a high school diploma or its equivalent. Additionally, they must successfully complete a 4- to 5-yyear apprenticeship program in plumbing. Finally, they must obtain a plumbing license from the appropriate province or territory.

Welder (NOC Code 7201): Salary: $84,489

The average yearly earning potential for welders, classified under the NOC Code 7201, is $84,489. In order to be eligible for this profession, persons must meet the following criteria: have a minimum of 18 years of age, possess a high school diploma or an equivalent educational credential, complete a welding training program lasting 1-2 years, and frequently obtain certification as a welder; however, the specific certification requirements may differ depending on the employer’s stipulations.

Electrician (NOC Code 7241): Salary: $84,139

The average annual income for electricians, classified under NOC Code 7241, is $84,139. In order to pursue a career as an electrician, individuals must meet a number of prerequisites. These include being a minimum of 18 years old, holding a high school diploma or an equivalent qualification, successfully completing a 4- to 5-year electrician apprenticeship program, and obtaining a license as an electrician in their respective province or territory.

Industrial Mechanic (Millwright) (NOC Code 7311): Salary: $83,579

Industrial mechanics, also known as millwrights, fall under NOC Code 7311 and earn an average yearly pay of $83,579. In order to pursue this profession, individuals must meet the following requirements: be a minimum of 18 years old, possess a high school diploma or its equivalent, successfully complete a specialized apprenticeship program designed for industrial mechanics, which typically lasts for a duration of 4 to 5 years, and, depending on the employer’s preference, acquire certification as an industrial mechanic.

List of High-Paying Trades in Canada With NOC Codes in 2024
Trade (NOC Code)	Average Salary	Qualifications Required
Truck Driver (7511)	CAD$140,353	Age: 18+; a valid driver’s license; a – Pass medical exam; a training program (varies)
Plumber (7251)	CAD$101,800	Age: 18+; high school diploma/GED; 4-5 year apprenticeship; provincial license
Welder (7201)	CAD$84,489	Age: 18+; high school diploma/GED; 1-2 year training program; certification (varies)
Electrician (7241)	CAD$84,139	Age: 18+; high school diploma/GED; 4-5 year apprenticeship; provincial license
Industrial Mechanic (Millwright) (7311)	CAD$83,579	Age: 18+; high school diploma/GED; 4-5 year apprenticeship  Certification (varies)