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Corporate Treasurer Average Salary in Canada 2020

How much money does a Corporate Treasurer make in Canada?

Average Yearly Salary
154,000 CAD
( 12,900 CAD monthly)


A person working as a Corporate Treasurer in Canada typically earns around 154,000 CAD per year. Salaries range from 75,600 CAD (lowest) to 241,000 CAD (highest).

This is the average yearly salary including housing, transport, and other benefits. Corporate Treasurer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Corporate Treasurer Salary Distribution in Canada

Median and salary distribution yearly Canada Corporate Treasurer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Corporate Treasurer salaries in Canada range from 75,600 CAD per year (minimum salary) to 241,000 CAD per year (maximum salary).

  • Median Salary

    The median salary is 157,000 CAD per year, which means that half (50%) of people working as Corporate Treasurer(s) are earning less than 157,000 CAD while the other half are earning more than 157,000 CAD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Corporate Treasurer(s) are earning less than 105,000 CAD while 75% of them are earning more than 105,000 CAD. Also from the diagram, 75% of Corporate Treasurer(s) are earning less than 203,000 CAD while 25% are earning more than 203,000 CAD.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Corporate Treasurer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly Canada Corporate Treasurer
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Corporate Treasurer salaries by experience level and this is what we found.

A Corporate Treasurer with less than two years of experience makes approximately 89,600 CAD per year.

While someone with an experience level between two and five years is expected to earn 115,000 CAD per year, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 159,000 CAD per year, 38% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Corporate Treasurer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 197,000 CAD per year, 24% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 211,000 CAD per year, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 225,000 CAD per year, 7% more than people with fifteen to twenty years of experience.

Corporate Treasurer average salary change by experience in Canada

0 - 2 Years
89,600 CAD
2 - 5 Years+29%
115,000 CAD
5 - 10 Years+38%
159,000 CAD
10 - 15 Years+24%
197,000 CAD
15 - 20 Years+7%
211,000 CAD
20+ Years+7%
225,000 CAD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Corporate Treasurer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Corporate Treasurer(s) who have the same experience but different education levels.

Salary comparison by education level yearly Canada Corporate Treasurer
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Corporate Treasurer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Corporate Treasurer is 112,000 CAD per year.

While someone with a Certificate or Diploma gets a salary of 128,000 CAD per year, 15% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 173,000 CAD per year, 35% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 217,000 CAD per year, 26% more than someone with Bachelor's Degree.

Corporate Treasurer average salary difference by education level in Canada

High School
112,000 CAD
Certificate or Diploma+15%
128,000 CAD
Bachelor's Degree+35%
173,000 CAD
Master's Degree+26%
217,000 CAD
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Canada costs anywhere from 49,800 Canadian Dollar(s) to 149,000 Canadian Dollar(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Corporate Treasurer Salary Comparison By Gender

Salary comparison by gender yearly Canada Corporate Treasurer
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Corporate Treasurer employees in Canada earn 5% more than their female counterparts on average.

158,000 CAD
151,000 CAD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Canada for all Careers

Salary comparison by gender yearly Canada
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Corporate Treasurer Average Annual Salary Increment Percentage in Canada

How much are annual salary increments in Canada for Corporate Treasurer(s)? How often do employees get salary raises?

Corporate Treasurer

Corporate Treasurer(s) in Canada are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Canada Corporate Treasurer
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Canada / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Canada is 7%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in Canada for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Corporate Treasurer Bonus and Incentive Rates in Canada

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Canada Corporate Treasurer
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A Corporate Treasurer is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

16% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 84% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Corporate Treasurer Average Hourly Wage in Canada

74 CAD per hour

The average hourly wage (pay per hour) in Canada is 74 CAD. This means that the average Corporate Treasurer in Canada earns approximately 74 CAD for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Corporate Treasurer VS Other Jobs

Salary Comparison Between Corporate Treasurer and Accounting and Finance yearly Canada
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The average salary for Corporate Treasurer is 25% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner60,900 CAD-61%
Account Executive108,000 CAD-30%
Accountant80,600 CAD-48%
Accounting Assistant65,600 CAD-57%
Accounting Associate63,500 CAD-59%
Accounting Clerk51,300 CAD-67%
Accounting Coordinator73,000 CAD-53%
Accounting Manager178,000 CAD+15%
Accounting Supervisor119,000 CAD-23%
Accounting Technician59,300 CAD-62%
Accounts Executive111,000 CAD-28%
Accounts Payable and Receivable Specialist87,300 CAD-43%
Accounts Payable Clerk64,600 CAD-58%
Accounts Payable Manager161,000 CAD+4%
Accounts Receivable Clerk63,100 CAD-59%
Accounts Receivable Manager171,000 CAD+11%
Assistant Accounting Manager166,000 CAD+8%
Assistant Auditor80,700 CAD-48%
Audit Supervisor159,000 CAD+3%
Auditing Clerk68,600 CAD-56%
Auditing Manager173,000 CAD+12%
Billing Coordinator76,600 CAD-50%
Billing Specialist86,000 CAD-44%
Billing Supervisor129,000 CAD-16%
Bookkeeper57,700 CAD-63%
Bookkeeping Specialist80,800 CAD-48%
Budget Analyst142,000 CAD-8%
Budget Manager176,000 CAD+14%
Business Support Analyst91,000 CAD-41%
Capital Markets Associate129,000 CAD-16%
Cash Flow Analyst134,000 CAD-13%
Cash Management Officer99,500 CAD-35%
Cashbook Clerk58,600 CAD-62%
Chartered Accountant104,000 CAD-33%
Collections Clerk54,600 CAD-65%
Collections Specialist82,300 CAD-47%
Corporate Treasurer154,000 CAD-0%
Cost Accountant82,900 CAD-46%
Cost Accounting Manager167,000 CAD+8%
Cost Analyst139,000 CAD-10%
Credit and Collection Manager171,000 CAD+11%
Credit and Collection Staff64,900 CAD-58%
Credit and Loans Officer59,100 CAD-62%
Credit Controller122,000 CAD-21%
Debt Adviser137,000 CAD-11%
Debt Collector69,500 CAD-55%
Debtors Clerk58,000 CAD-62%
Deputy CFO229,000 CAD+48%
Derivative Trader148,000 CAD-4%
Escrow Assistant78,800 CAD-49%
External Auditor121,000 CAD-22%
Finance Associate75,000 CAD-51%
Finance Executive184,000 CAD+19%
Finance Licensing Clerk64,000 CAD-59%
Finance Licensing Manager159,000 CAD+3%
Finance Licensing Specialist93,800 CAD-39%
Finance Officer79,700 CAD-48%
Finance President256,000 CAD+66%
Finance Relationship Manager202,000 CAD+31%
Finance Release Analyst101,000 CAD-35%
Finance Team Leader 183,000 CAD+19%
Financial Actuary127,000 CAD-18%
Financial Administrator147,000 CAD-5%
Financial Analyst160,000 CAD+4%
Financial Applications Specialist105,000 CAD-32%
Financial Assistant70,500 CAD-54%
Financial Associate70,900 CAD-54%
Financial Claims Analyst114,000 CAD-26%
Financial Claims Manager157,000 CAD+2%
Financial Commercial Analyst119,000 CAD-23%
Financial Compliance Analyst141,000 CAD-9%
Financial Consultant109,000 CAD-29%
Financial Controller131,000 CAD-15%
Financial Coordinator76,800 CAD-50%
Financial Customer Service Manager161,000 CAD+4%
Financial Dealer and Broker92,400 CAD-40%
Financial Encoder68,700 CAD-55%
Financial Manager241,000 CAD+56%
Financial Operations Manager223,000 CAD+45%
Financial Policy Analyst133,000 CAD-14%
Financial Project Manager173,000 CAD+12%
Financial Quantitative Analyst142,000 CAD-8%
Financial Reporting Consultant124,000 CAD-20%
Financial Reporting Manager164,000 CAD+6%
Financial Services Sales Agent88,900 CAD-42%
Fixed Assets Administrator91,200 CAD-41%
Forensic Accountant102,000 CAD-34%
Fraud Detection Supervisor102,000 CAD-34%
Fraud Prevention Manager176,000 CAD+14%
Fund Accountant77,400 CAD-50%
Grants Coordinator65,400 CAD-58%
Internal Auditor109,000 CAD-29%
Internal Control Adviser131,000 CAD-15%
Internal Control Officer75,100 CAD-51%
Inventory Accountant86,800 CAD-44%
Investment Analyst173,000 CAD+12%
Investment Fund Manager193,000 CAD+25%
Investment Underwriter69,000 CAD-55%
Investor111,000 CAD-28%
Investor Relations Manager162,000 CAD+5%
KYC Team Leader166,000 CAD+8%
Management Economist188,000 CAD+22%
Paymaster66,600 CAD-57%
Payroll Clerk73,700 CAD-52%
Payroll Manager160,000 CAD+4%
Pensions Administrator85,500 CAD-45%
Pricing Analyst145,000 CAD-6%
Private Equity Analyst148,000 CAD-4%
Proposal Development Coordinator71,800 CAD-53%
Receivables Accountant81,900 CAD-47%
Regulatory Accountant96,800 CAD-37%
Retirement Plan Analyst132,000 CAD-14%
Revenue Management Specialist143,000 CAD-7%
Revenue Recognition Analyst157,000 CAD+2%
Risk Management Director209,000 CAD+36%
Risk Management Supervisor161,000 CAD+4%
Tax Accountant79,800 CAD-48%
Tax Advisor125,000 CAD-19%
Tax Associate74,400 CAD-52%
Tax Manager173,000 CAD+12%
Teller49,300 CAD-68%
Treasury Accountant88,500 CAD-43%
Treasury Analyst146,000 CAD-5%
Underwriter58,800 CAD-62%
Underwriting Assistant57,400 CAD-63%
Vice President of Finance228,000 CAD+48%

Salary Comparison By City

CityAverage Salary
Brampton170,000 CAD
Calgary181,000 CAD
Edmonton167,000 CAD
Gatineau146,000 CAD
Halifax151,000 CAD
Hamilton167,000 CAD
Kitchener158,000 CAD
Markham158,000 CAD
Mississauga167,000 CAD
Montreal173,000 CAD
Ottawa163,000 CAD
Quebec167,000 CAD
Regina147,000 CAD
Richmond149,000 CAD
Saskatoon145,000 CAD
Surrey155,000 CAD
Toronto184,000 CAD
Vancouver181,000 CAD
Vaughan159,000 CAD
Windsor147,000 CAD
Winnipeg174,000 CAD

Salary Comparison By State

StateAverage Salary
Alberta181,000 CAD
British Columbia179,000 CAD
Manitoba165,000 CAD
New Brunswick148,000 CAD
Newfoundland-Labrador149,000 CAD
Northwest Territories170,000 CAD
Nova Scotia149,000 CAD
Nunavut170,000 CAD
Ontario188,000 CAD
Prince Edward Island149,000 CAD
Quebec177,000 CAD
Saskatchewan159,000 CAD
Yukon151,000 CAD

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Canada earn 4% more than their private sector counterparts on average across all sectors.

Private Sector
117,000 CAD
Public Sector+4%
122,000 CAD
Percentage increase and decrease are relative to the previous value

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