The Actuarial Pay Index

FCIA salary in Canada

What FCIA roles pay in Canada in 2026: typical base salary for Fellows of the Canadian Institute of Actuaries by experience and sector, in Canadian dollars.

Median base salary, FCIA with 6 to 9 years, Canadian life & annuity

C$160k

Updated 6 October 2026 in the CTS Actuarial Pay Index.

FCIA base salary by experience

At Canadian life and annuity insurers, in Canadian dollars, before bonus.

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

By sector

For a Fellow with 6 to 9 years:

Life & annuity insurers: C$160k median base
Reinsurers: C$170k median base
Consulting firms: C$165k median base
Health insurers: C$165k median base
P&C insurers: C$161k median base

Bonus and total pay

Bonus targets for a Fellow with 6 to 9 years in Canada usually run about 15 to 20% of base in the offers we see, so on the median base above that is roughly C$24k to C$32k, for total pay of about C$184k to C$192k. Bonus targets vary more between employers than base does, and senior packages often add long-term incentives, so compare whole packages rather than base alone.

Open this 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.