Actuary salary in Toronto
What actuarial roles pay in Toronto in 2026: student, Associate and FCIA base salary by experience in Canadian dollars, plus typical pay at every level.
Updated 6 October 2026 in the CTS Actuarial Pay Index.
Actuary base salary in Toronto by experience
At life and annuity insurers, in Canadian dollars, before bonus. Canadian employers mostly set one national pay range for the same role across Toronto, Montreal and Waterloo, so Toronto figures match the Canadian index.
Fellows (FCIA)
- 3 to 5 years: C$123k median base, typically C$107k to C$141k
- 6 to 9 years: C$160k median base, typically C$139k to C$183k
- 10 to 14 years: C$194k median base, typically C$168k to C$222k
- 15+ years: C$233k median base, typically C$202k to C$267k
Associates (ACIA)
- 3 to 5 years: C$110k median base, typically C$99k to C$120k
- 6 to 9 years: C$139k median base, typically C$124k to C$151k
- 10 to 14 years: C$159k median base, typically C$142k to C$174k
- 15+ years: C$184k median base, typically C$165k to C$201k
Students
- 0 to 2 years: C$86k median base, typically C$77k to C$97k
- 3 to 5 years: C$97k median base, typically C$87k to C$110k
- 6 to 9 years: C$108k median base, typically C$97k to C$122k
- 10 to 14 years: C$117k median base, typically C$104k to C$132k
What Canadian roles pay by level
Typical base salary across all employer types, in Canadian dollars:
- Actuarial analyst: C$95k median, typically C$83k to C$113k
- Associate or assistant actuary: C$113k median, typically C$102k to C$125k
- Actuary or actuarial manager: C$144k median, typically C$127k to C$157k
- AVP or director: C$169k median, typically C$155k to C$199k
- VP or senior director: C$189k median, typically C$171k to C$231k
Open Toronto in the Actuarial Pay Index → You can switch market, experience and sector, and unlock where your own salary sits and what it takes to move.
How these figures are built
The Actuarial Pay Index is our view of what actuarial roles pay, built from the offers, counteroffers and pay conversations in our own search work, the pay ranges in the actuarial roles advertised over the last 12 months, and government wage data. Every figure is reviewed by our team against what we see in the market. Figures are base salary for new hires, before any bonus; lower and upper figures are the lower and upper quartiles. Bonus targets come from the offers we see. No individual salaries are ever published. How the index is built.
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