[3] Schultz studied drama at Toronto's York University from 1981 to 1982, and at the London Academy of Music and Dramatic Art from 1984 to 1985.

[2] He also played the stage manager in Our Town,[2] Henry in The Real Thing,[1] Alceste in The Misanthrope,[6] Vershinin in Three Sisters, Astrov in Uncle Vanya,[3] El Gallo in the musical The Fantasticks, Ricky Roma in Glengarry Glen Ross,[1] Macheath in The Threepenny Opera and Martin in Edward Albee's The Goat.. Schultz's television career includes the Canadian Broadcasting Corporation's (CBC) 1988 film The Squamish Five, the legal drama Street Legal,[3] the medical drama Side Effects,[1] the comedy The Red Green Show (where he played roofer/country singer Arnie Dogan), the musical film Youkali Hotel, and the role of Conrad Black in CTV's Shades of Black: The Conrad Black Story.

Schultz has directed Soulpepper's productions of: Death of a Salesman, Twelfth Night, As You Like It,[1] Oh, What a Lovely War!, The Caretaker, Waiting for Godot,[2] No Man's Land, A Chorus of Disapproval, The Time of Your Life, Angels in America, Parts I and II,[2] Amadeus, and Of Human Bondage.

[8] In January 2018, Schultz was publicly accused of sexual misconduct by four professional actresses who worked with him at Soulpepper Theatre Company.

[11] Ann-Marie MacDonald has spoken of her time as a Soulpepper production's equity deputy, when she complained about a fundraising event where dinners with female cast members were auctioned off.