The average salary for a Chief Financial Officer (CFO) in Canada is C$134,296.
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What Do Chief Financial Officer (CFO)s Do?
Chief financial officers (CFOs) oversee the financial operations of their companies and provide leadership and focus to accounting and finance departments to ensure that they operate efficiently and comply with applicable laws and company policies. Their work is essential to project a favorable company image while saving money in every way possible.
CFOs may oversee departments which are involved in purchasing, pricing, investments, tax, debt management, and accounts payable/receivable; they ma…Read more
Chief Financial Officer (CFO) Tasks
- Provide leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the company.
- Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, and/or reports required by regulatory agencies.
- Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.
Job Satisfaction for Chief Financial Officer (CFO)
Popular Employer Salaries for Chief Financial Officer (CFO)
Explore the most common career paths for Chief Financial Officer (CFO). Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Chief Financial Officer (CFO)
Vice President (VP) Finance & Chief Fina...
Vice President (VP), Finance
Somewhat common (8 - 20%)
Chief Financial Officer (CFO) Job Listings
What Are Popular Skills for Chief Financial Officer (CFO)s?
Skills in Strategic Planning and Senior Financial Management are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis, Accounting and Financial Reporting.
What is the Pay by Experience Level for Chief Financial Officer (CFO)s?
An entry-level Chief Financial Officer (CFO) with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of C$97,218 based on 10 salaries. An early career Chief Financial Officer (CFO) with 1-4 years of experience earns an average total compensation of C$102,423 based on 103 salaries. A mid-career Chief Financial Officer (CFO) with 5-9 years of experience earns an average total compensation of C$121,179 based on 127 salaries. An experienced Chief Financial Officer (CFO) with 10-19 years of experience earns an average total compensation of C$134,669 based on 387 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$153,822.
Pay Difference by Location
Employees with Chief Financial Officer (CFO) in their job title in Toronto, Ontario earn an average of 27.3% more than the national average. These job titles also find higher than average salaries in Vancouver, British Columbia (10.0% more) and Montréal, Québec (7.4% more). The lowest salaries can be found in Winnipeg, Manitoba (4.7% less), Ottawa, Ontario (0.8% less) and Edmonton, Alberta (0.4% less).
Years of Experience
This data is based on 1,107 survey responses.