Average Chief Financial Officer CFO Salary in Canada

Annual Base Salary - $140,436.00/year

The average annual salary of Chief Financial Officer (CFO) is $140,436.00


The starting salary of Chief Financial Officer (CFO) is between $77,648.00 and $91,350.00 whereas the maximum salary range is between $215,180.00 and $247,457.00.

Minimum Annual PayMaximum Annual Pay
Average Hourly Pay - $72.10/hour

The average hourly pay of Chief Financial Officer (CFO) is $72.10.


The starting hourly rate is between $23.00 and $27.04 for Chief Financial Officer (CFO) whereas the maximum hourly wage is between $174.40 and $201.00.

Minimum Hourly PayMaximum Hourly Pay
Bonus Range: Tooltip
$5,400.00 - $71,400.00
Commission: Tooltip
$0.00 - $4,320.00
Profit Sharing: Tooltip
$3,210.00 - $75,600.00
  • Currency : CAD
  • Annual Salary : $140,436.00
  • Hourly Pay : $72.10
  • Weekly Pay : $2,622.00
  • Fortnightly Salary : $5,244.00
  • Monthly Salary : $11,362.00

Chief Financial Officer (CFO) Salary Comparison by Gender


This pie chart demonstrates the gender share for Chief Financial Officer (CFO). As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.

As shown in the chart, male employees are involved significantly more as Chief Financial Officer (CFO) compared to female. Their involvement is 56% while of female is only 44%.

Salary Distribution Based on Years of Experience

The line graph shows Chief Financial Officer (CFO) salary in Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.

For Chief Financial Officer (CFO) working less than a year in a company, you notice that their annual salary starts around $104,023.26.

As the years of experience reaches 1 to 4, there is a significant increase of $8,762.15 which would give a total wage of CAD112,785.41.

Once the experience reaches 5-9 years Chief Financial Officer (CFO) salary would increase again to a total of $129,195.23, adding $16,409.82 from the last salary increase.

After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of $148,095.73.

And finally, once the Chief Financial Officer (CFO) gains 20 years of experience or more, their salary would reach $164,831.52.

Prominent Skills Affecting Chief Financial Officer (CFO) Salary

The bar graph data indicates the importance of specific skills which can have a direct impact on Chief Financial Officer (CFO)'s salary. It clearly highlights the skills needed for a post of Chief Financial Officer (CFO) when hired by an employer.

The most vital skill expected of Chief Financial Officer (CFO) is Problem Solving which impacts the most than the rest of the skills indicated with a staggering 39% comparatively. Therefore, one’s salary would greatly depend on their skills in Problem Solving.

The skill least likely to affect one’s pay would be Financial Modeling with 9%. It can be said that Financial Modeling skill will unlikely impact the salary.

Compensation Statistics Based on Experience Levels

This combination of a line and the bar graph shows how the experience affects the salary of Chief Financial Officer (CFO). Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.

As shown in the trends, lowest earning is $98,305.00 whereas the highest earning is $158,693.00 which clearly shows the salary increases with the level of expertise.

Experienced person will earn the maximum salary of $158,693.00 at 13%. So to summerize, Entry Level earns 30% less than the average salary, Early Career earns 22% less than the average salary, Mid Carrer earns 10% less than the average salary, Late Career earns 1% more than the average salary, Experienced earns 13% more than the average salary.

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