▼11%
C$165,034
Avg. Base Salary (CAD)
/ year
Avg. Base Salary (CAD)
10%
CA$115k
MEDIAN
CA$165k
90%
CA$230k
The average salary for a Chief Financial Officer (CFO) is C$165,034 in 2025
Base Salary
C$115k - C$230k
Bonus
C$27 - C$74k
Total Pay
C$118k - C$252k
Is Average Mid-Career Chief Financial Officer (CFO) Salary in Toronto, Ontario your job title? Find out what you should be paid
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What is the Pay by Experience Level for Chief Financial Officer (CFO)s?
What Do Chief Financial Officer (CFO)s Do?
Find your market worth – how it works:
Common Health Benefits for a Chief Financial Officer (CFO)
Medical
69%
Dental
69%
Vision
46%
None
31%
Gender Breakdown for Chief Financial Officer (CFO)s
Male
53.8%
Female
46.2%
This data is based on 13 survey responses. Learn more about the gender pay gap.
FAQs About Chief Financial Officer (CFO)s
What is the highest pay for Chief Financial Officer (CFO)s in Toronto?
Our data indicates that the highest pay for a Chief Financial Officer (CFO) in Toronto is CA$230k / year
What is the lowest pay for Chief Financial Officer (CFO)s in Toronto?
Our data indicates that the lowest pay for a Chief Financial Officer (CFO) in Toronto is CA$115k / year
How can Chief Financial Officer (CFO)s increase their salary?
Increasing your pay as a Chief Financial Officer (CFO) is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Chief Financial Officer (CFO) that oversees more junior Chief Financial Officer (CFO)s, this experience can increase the likelihood to earn more.