Creditors Clerk Average Salary in Toronto 2024
How much money does a person working as Creditors Clerk make in Toronto?
LOW
33,500
CAD AVERAGE
65,600
CAD HIGH
101,000
CAD
A person working as Creditors Clerk in Toronto typically earns around 65,600 CAD. Salaries range from 33,500 CAD (lowest) to 101,000 CAD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Creditors Clerk salaries in Toronto vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Creditors Clerk Pay Scale and Salaries in Toronto
Salary Structure and Pay Scale Comparison
59,900 CAD or more
53,200 to 59,900 CAD
38,500 CAD or less
38,500 to 53,200 CAD
 33,500 CAD |
60,200 CAD |
101,000 CAD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Creditors Clerk in Toronto range from 33,500 CAD (starting salary) to 101,000 CAD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 60,200 CAD, half of the professionals who work as Creditors Clerk in Toronto earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Creditors Clerk in Toronto earn less than 49,700 CAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 68,500 CAD while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Creditors Clerk in Toronto compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 38,500 CAD to 53,200 CAD. About 20% of salaries are below the 38,500 CAD mark, while 10% fall within the range of 53,200 CAD to 59,900 CAD. Only 5% of individuals have salaries exceeding 59,900 CAD.
Salary Comparison by Years of Experience / Creditors Clerk / Toronto
How do experience and age affect pay?
| 0 - 2 Years | 37,500 CAD | |
| 2 - 5 Years | +31% | 49,000 CAD |
| 5 - 10 Years | +40% | 68,600 CAD |
| 10 - 15 Years | +20% | 82,500 CAD |
| 15 - 20 Years | +9% | 89,600 CAD |
| 20+ Years | +8% | 96,700 CAD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Creditors Clerk and this is what we found.
Employees with less than two years of experience earn approximately 37,500 CAD.
While someone with an experience level between two and five years is expected to earn 49,000 CAD, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 68,600 CAD, 40% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 82,500 CAD, 20% 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 89,600 CAD, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 96,700 CAD, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Creditors Clerk / Toronto
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Creditors Clerk.
| High School | 42,900 CAD | |
| Certificate or Diploma | +47% | 63,200 CAD |
| Bachelor's Degree | +53% | 97,000 CAD |
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 salaries by education level for the position Creditors Clerk in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 42,900 CAD.
Level 2: Certificate or Diploma
At this level, the average salary becomes 63,200 CAD, 47% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 97,000 CAD, 53% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Creditors Clerk / Toronto
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Creditors Clerk in Canada, the average difference between the salary of male and female employees is 5%.
| Male | 61,100 CAD | |
| Female | -5% | 58,300 CAD |
Salary Comparison By Gender in Canada for all Careers
Average Annual Salary Increment Percentage / Creditors Clerk / Toronto
How much are annual salary increments in Toronto for individuals working as Creditors Clerk? How often do employees get salary raises?
Individuals working as Creditors Clerk in Canada are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Canada / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Creditors Clerk / Canada
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/administration-reception-secretarial/creditors-clerk/annual-salary-bonus-rate-canada-creditors-clerk.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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. |
Example: | Example: |
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.
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.
Average Hourly Wage / Creditors Clerk / Toronto
32 CAD per hourThe average hourly wage (pay per hour) for individuals working as Creditors Clerk in Toronto is 32 CAD.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
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 fixed 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Creditors Clerk in Toronto is 16 CAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Administration / Reception / Secretarial |  -100% | |
| Accreditation Specialist | 153,000 CAD |  +130% |
| Admin Clerk | 43,400 CAD | -34% |
| Admin Executive | 75,000 CAD | +14% |
| Administrative Aide | 54,000 CAD | -18% |
| Administrative Analyst | 97,000 CAD | +48% |
| Administrative Assistant | 69,600 CAD | +6% |
| Administrative Associate | 70,200 CAD | +7% |
| Administrative Coordinator | 65,100 CAD | -1% |
| Administrative Manager | 101,000 CAD | +54% |
| Administrative Officer | 70,700 CAD | +8% |
| Administrative Receptionist | 66,100 CAD | +1% |
| Administrative Secretary | 59,500 CAD | -9% |
| Administrative Specialist | 64,400 CAD | -2% |
| Administrative Support | 60,100 CAD | -8% |
| Administrative Technician | 56,300 CAD | -14% |
| Board Secretary | 59,400 CAD | -10% |
| Branch Office Administrator | 106,000 CAD | +61% |
| Business Administrator | 103,000 CAD | +57% |
| Business Office Manager | 175,000 CAD | +170% |
| Central Office Operator | 68,400 CAD | +4% |
| Clerical Assistant | 42,700 CAD | -35% |
| Clerk | 46,500 CAD | -29% |
| Commercial Administrator | 93,400 CAD | +42% |
| Commissions Processor | 84,800 CAD | +29% |
| Conveyancing Secretary | 59,500 CAD | -9% |
| Corporate Receptionist | 67,100 CAD | +2% |
| Creditors Clerk | 65,600 CAD | -0% |
| Data Entry Clerk | 43,700 CAD | -33% |
| Data Entry Specialist | 67,200 CAD | +2% |
| Document Controller | 55,500 CAD | -15% |
| Document Management Specialist | 82,100 CAD | +25% |
| Executive Administrative Assistant | 74,000 CAD | +13% |
| Executive Assistant | 76,000 CAD | +16% |
| Executive Officer | 85,600 CAD | +30% |
| Executive Personal Assistant | 86,700 CAD | +32% |
| Executive Secretary | 68,700 CAD | +5% |
| File Clerk | 44,500 CAD | -32% |
| Front Desk Attendant | 66,000 CAD | +1% |
| Front Desk Coordinator | 75,400 CAD | +15% |
| Front Desk Manager | 99,200 CAD | +51% |
| Front Desk Receptionist | 61,300 CAD | -7% |
| Front Desk Shift Leader | 80,100 CAD | +22% |
| Front Office Assistant | 58,500 CAD | -11% |
| Front Office Executive | 83,100 CAD | +27% |
| Group Services Manager | 185,000 CAD | +180% |
| Head Receptionist | 76,300 CAD | +16% |
| Inquiry and Admissions Clerk | 46,200 CAD | -30% |
| Key Account Assistant | 74,100 CAD | +13% |
| Keyboard and Data Entry Operator | 42,200 CAD | -36% |
| Leasing Administrator | 81,300 CAD | +24% |
| Legal Secretary | 70,800 CAD | +8% |
| Librarian | 79,900 CAD | +22% |
| Mail Processing Clerk | 39,600 CAD | -40% |
| Mail Sorting Clerk | 39,400 CAD | -40% |
| Mailroom Clerk | 37,900 CAD | -42% |
| Mailroom Manager | 76,200 CAD | +16% |
| Management Support Secretary | 66,000 CAD | +1% |
| Master Programme Coordinator | 124,000 CAD | +89% |
| Medical Receptionist | 71,400 CAD | +9% |
| Meeting and Event Assistant | 74,000 CAD | +13% |
| Meeting and Event Manager | 171,000 CAD | +160% |
| Night Manager | 94,500 CAD | +44% |
| Office Administrator | 99,800 CAD | +52% |
| Office Assistant | 46,400 CAD | -29% |
| Office Automation Clerk | 80,300 CAD | +22% |
| Office Clerk | 51,500 CAD | -22% |
| Office Coordinator | 66,000 CAD | +1% |
| Office Manager | 110,000 CAD | +68% |
| Office Services Coordinator | 88,400 CAD | +35% |
| Office Supervisor | 80,900 CAD | +23% |
| Operations Analyst | 137,000 CAD | +110% |
| Operations Clerk | 74,500 CAD | +13% |
| Operations Manager | 176,000 CAD | +170% |
| Personal Assistant | 68,400 CAD | +4% |
| Planning Assistant | 77,100 CAD | +17% |
| Process Expert | 100,000 CAD | +52% |
| Program Coordinator | 95,200 CAD | +45% |
| Programme Assistant | 79,800 CAD | +22% |
| Project Administrator | 108,000 CAD | +65% |
| Project Coordinator | 153,000 CAD | +130% |
| Query Administrator | 86,500 CAD | +32% |
| Reception Team Lead | 89,200 CAD | +36% |
| Receptionist | 65,400 CAD | -0% |
| Records Officer | 53,200 CAD | -19% |
| Registry Administrator | 71,200 CAD | +8% |
| Registry and Filing Clerk | 43,400 CAD | -34% |
| Rental Clerk | 46,900 CAD | -29% |
| Schedule Officer | 43,700 CAD | -33% |
| Scheduler | 48,300 CAD | -26% |
| School Secretary | 62,900 CAD | -4% |
| Secretary | 58,800 CAD | -10% |
| Service Reception Head | 73,500 CAD | +12% |
| Switchboard Operator | 57,600 CAD | -12% |
| Technical Program Manager | 156,000 CAD | +140% |
| Technical Project Manager | 155,000 CAD | +140% |
| Typist | 52,600 CAD | -20% |
| Unit Secretary | 59,800 CAD | -9% |
| Wayleave Officer | 48,000 CAD | -27% |
Salary Comparison By City
| City | Average Salary |
| Toronto | 65,600 CAD |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Canada is 4% on average across all career fields.
| Private Sector | 117,000 CAD | |
| Public Sector | +4% | 122,000 CAD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Creditors Clerk in Toronto?
A good and competitive compensation would range anywhere between 60,200 CAD and 68,500 CAD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Creditors Clerk in Toronto ranges from 33,500 CAD to 49,700 CAD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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
