Armen Ghazarian
City of Toronto – Toronto Transit Commission/Operator
2025 Salary
$108,537Total compensation $109,581, including $1,044 in taxable benefits.
Source: Ontario’s Public Sector Salary Disclosure — names paid $100,000 or more that year. How we build this · Report an error on this page
At a Glance
2025
Employer Rank
#6,649City of Toronto – Toronto Transit Commission
Years on List
32022–2025
Peak Salary
$108,5372025
Full 2025 roster at City of Toronto – Toronto Transit Commission →·See where $108,537 ranks →
Total Compensation History
Full History
2022–2025
$101,809 in 2022 is worth about $110,562 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | OperatorCity Of Toronto – Toronto Transit Commission | $108,537Benefits $1,044Total $109,581 |
| 2024 | OperatorCity Of Toronto - Toronto Transit Commission | $103,408Benefits $1,024Total $104,433 |
| 2022 | OperatorCity Of Toronto - Toronto Transit Commission | $101,809Benefits $984Total $102,793 |
Take-Home Pay
(After Tax) · 2025 estimate
Armen Ghazarian was paid $108,537 in 2025; after income tax, CPP and EI that is roughly $79,832, an effective income-tax rate of about 21.4%. It is up about 5% on the $103,408 paid in 2024. Records under this name have appeared on the Sunshine List 3 years in all, first in 2022. Pension contributions — likely OMERS in the Municipalities & Services sector — would typically trim another 7–10% off that figure.
- Estimated net pay
- ~$79,832
- Effective income-tax rate (excl. CPP/EI)
- ~21.4%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~26.4%
- vs. 2025 Operator median
- −1%
Where does $108,537 rank on the Sunshine List? →
Estimate only: 2025 federal and Ontario rates, basic personal amounts, Canada employment amount and CPP/EI credits; single, employment income only, salary treated as full-year income. Ignores pension contributions (OMERS, HOOPP, OTPP, OPTrust and similar plans lower actual take-home), union dues, RRSPs and benefits.