Last Updated On 3 December 2023, 6:58 PM EST (Toronto Time)
This article enlists the 45 highest paying jobs in the Toronto area with median wages of more than $50 per hour, as per the new update from the Official Job Bank of Canada on November 29, 2023.
The Job Bank of Canada updates these median salary rates on an annual basis, usually in the fall.
Wages are also adjusted on a regular basis to reflect the most recent provincial or territorial minimum wage.
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The median wage is a measure of the average wage for each occupation. When wages are stated numerically, the median wage denotes the midpoint of the wage distribution.
According to earnings reported by Job Bank of Canada on November 29, 2023, the below-listed 45 jobs in the Toronto area have an hourly median wage of more than $50 per hour.
Full list of 45 highest-paying Jobs in Toronto Area
| Occupations | Median Hourly Wage |
|---|---|
| Senior managers – financial, communications and other business services (00012) | $85.47 |
| Managers in natural resources production and fishing (80010) | $84.84 |
| Lawyers and Quebec notaries (41101) | $64.90 |
| Purchasing managers (10012) | $62.78 |
| Fire chiefs and senior firefighting officers (40041) | $62.09 |
| Senior managers – trade, broadcasting and other services (00014) | $61.54 |
| Engineering managers (20010) | $61.54 |
| Computer and information systems managers (20012) | $61.54 |
| University professors and lecturers (41200) | $61.54 |
| Other professional occupations in physical sciences (21109) | $61.06 |
| Legislators (00010) | $61.00 |
| Government managers – health and social policy development and program administration (40010) | $60.44 |
| Architecture and science managers (20011) | $60.00 |
| Government managers – economic analysis, policy development and program administration (40011) | $58.97 |
| Financial managers (10010) | $57.69 |
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| Occupations | Median Hourly Wage |
|---|---|
| Other managers in public administration (40019) | $57.69 |
| Corporate sales managers (60010) | $57.69 |
| Insurance, real estate and financial brokerage managers (10020) | $56.41 |
| Other business services managers (10029) | $56.41 |
| Petroleum engineers (21332) | $55.77 |
| Human resources managers (10011) | $55.38 |
| Securities agents, investment dealers and brokers (11103) | $55.38 |
| Physician assistants, midwives and allied health professionals (31303) | $55.00 |
| School principals and administrators of elementary and secondary education (40021) | $55.00 |
| Utilities managers (90011) | $54.63 |
| Metallurgical and materials engineers (21322) | $54.56 |
| Nurse practitioners (31302) | $54.01 |
| Banking, credit and other investment managers (10021) | $53.42 |
| Library, archive, museum and art gallery managers (50010) | $53.33 |
| Advertising, marketing and public relations managers (10022) | $52.88 |
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| Occupations | Median Hourly Wage |
|---|---|
| Software engineers and designers (21231) | $52.88 |
| Senior managers – construction, transportation, production and utilities (00015) | $52.63 |
| Managers in health care (30010) | $52.31 |
| Police investigators and other investigative occupations (41310) | $52.00 |
| Dentists (31110) | $51.28 |
| Geoscientists and oceanographers (21102) | $51.28 |
| Mathematicians, statisticians and actuaries (21210) | $51.28 |
| Program officers unique to government (41407) | $51.28 |
| Veterinarians (31103) | $50.48 |
| Administrators – post-secondary education and vocational training (40020) | $50.48 |
| Physicists and astronomers (21100) | $50.00 |
| Pharmacists (31120) | $50.00 |
| Police officers (except commissioned) (42100) | $50.00 |
| Managers in transportation (70020) | $50.00 |
| Elevator constructors and mechanics (72406) | $50.00 |
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What is the source of data for the median wages in Toronto?
Statistics Canada’s Labour Force Survey is the primary source of data used to determine wages.
This survey is conducted with a sample of respondents, and the data may be restricted for confidentiality or data quality considerations, but it is the most extensive, current, and unbiased source of occupational pay data.
When the Labour Force Survey data is unavailable, alternate sources are used, such as:
1. Program data from Employment and Social Development Canada, such as survey data from the Employment Insurance program
2. Census surveys, provincial and territorial surveys, and administrative statistics
3. The Canadian Institute for Health Information and the Canadian Medical Association are two more administrative data agencies.
4. Other sources, when applicable
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