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Residents receive a stipend of $45,000.00 per annum that includes:
- Four weeks paid vacation
- Ten days education/professional development leave *
- Statutory holidays
* Professional development leave can be used for various activities including dissertation work or related meetings, attending workshops or conferences, or other professional development activities (subject to Training Committee Executive approval).
This stipend is subject to employment insurance and tax deductions. Canadian residents have provincial health benefits. Basic Ontario Health Care Insurance requires three months of residence within the province of Ontario prior to taking effect. Extended health care costs covering prescription drugs, dental, vision and paramedical coverage are the responsibility of the Resident. Residents are enrolled in The Royal’s Employee Assistance Program (EAP) and benefit from receiving access to health and wellness supports as needed.
Residents are required to obtain professional liability insurance. Liability insurance coverage provided by academic institutions may be accepted on approval from the Director of Training.
Please note: Successful residents will be required to have a clear criminal records check (for the vulnerable sector) dated within six months prior to their start date.
Personal and professional development
In addition, to ensure the pace of resident workload promotes quality learning experiences, one Friday per month is considered an “unscheduled work day” which residents may use to work on various core requirements, complete readings related to rotations or evaluation research, or catch up on rotation-specific workload.