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Average Chief Financial Officer (CFO) Salary in Canada

C$134,296
Avg. SalaryShow Hourly Rate
C$22,999
Bonus
C$3,500
Commission
C$17,379
Profit Sharing
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How should I pay?
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The average salary for a Chief Financial Officer (CFO) in Canada is C$134,296.
10%
CA$85k
MEDIAN
CA$134k
90%
CA$202k
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Salary
C$85k - C$202k
Bonus
C$5k - C$61k
Profit Sharing
C$3k - C$70k
Commission
C$0 - C$4k
Total Pay
C$86k - C$246k
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What Do Chief Financial Officer (CFO)s Do?

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)

4.2 out of 5
(134)
Highly Satisfied
139Reviews

Popular Employer Salaries for Chief Financial Officer (CFO)

Career Paths

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 to research other job paths.
Chief Financial Officer (CFO)
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Chief Financial Officer (CFO) Job Listings

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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.
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.
Entry Level
0.9%
Early Career
9.3%
Mid Career
11.5%
Experienced
35.0%
Late Career
43.4%

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