The average salary for a Financial Planner in Canada is C$57,356.
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Job Description for Financial Planner
A financial planner is an individual who works for a bank or investment company that advises individuals on how to make most of their money by suggesting; in some situations, the planner makes investments and financial decisions for customers. This position requires strong analytical skills and an outgoing personality, as a financial institution expects its financial planners to effectively help and retain clients over a long period of time. The financial planner may also set up investment semin…Read more
Financial Planner Tasks
- Guide clients through financial self-analysis, including goal setting and advice to reach goals.
- Assist clients with estate management, tax returns, budgets, or other financial tasks.
- Follow-up with clients on plans, track successes, and inform about modifications.
Job Satisfaction for Financial Planner
Popular Employer Salaries for Financial Planner
The top respondents for the job title Financial Planner are from the companies RBC Bank, RBC Financial Group and TD Canadatrust. Reported salaries are highest at RBC Financial Group where the average pay is C$67,500. Other companies that offer high salaries for this role include RBC Royal Bank, earning around C$61,463. TD Canadatrust pays the lowest at around C$49,579. TD Waterhouse also pays on the lower end of the scale, paying C$50,387.
Financial Planner Job Listings
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Popular Skills for Financial Planner
Skills in Investment Planning and Client Interaction are correlated to pay that is above average. Skills that pay less than market rate include Investment Management, Financial Analysis and Financial Advisor.
Pay by Experience Level for Financial Planner
An entry-level Financial Planner with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of C$41,726 based on 20 salaries. An early career Financial Planner with 1-4 years of experience earns an average total compensation of C$50,761 based on 84 salaries. A mid-career Financial Planner with 5-9 years of experience earns an average total compensation of C$58,978 based on 71 salaries. An experienced Financial Planner with 10-19 years of experience earns an average total compensation of C$63,584 based on 64 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$83,703.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Financial Planner in their job title in Vancouver, British Columbia earn an average of 22.0% more than the national average. These job titles also find higher than average salaries in Montréal, Québec (11.2% more) and Calgary, Alberta (8.2% more). The lowest salaries can be found in Ottawa, Ontario (11.3% less) and Toronto, Ontario (3.4% less).
Years of Experience
This data is based on 272 survey responses.
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