Fortunato Monaco
City of Toronto – Toronto Transit Commission/Chief Operating Officer
2025 Salary
$364,589Total compensation $379,694, including $15,105 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
#5City of Toronto – Toronto Transit Commission
Years on List
212005–2025
Peak Salary
$364,5892025
Full 2025 roster at City of Toronto – Toronto Transit Commission →·See where $364,589 ranks →
Total Compensation History
Full History
2005–2025
$102,273 in 2005 is worth about $156,946 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | Chief Operating OfficerCity Of Toronto – Toronto Transit Commission | $364,589Benefits $15,105Total $379,694 |
| 2024 | Chief Operations And Infrastructure OfficerCity Of Toronto - Toronto Transit Commission | $315,488Benefits $14,954Total $330,442 |
| 2023 | Chief Operations And Infrastructure OfficerCity Of Toronto - Toronto Transit Commission | $301,383Benefits $14,838Total $316,220 |
| 2022 | Chief - Operations and Infrastructure OfficerCity Of Toronto - Toronto Transit Commission | $257,207Benefits $14,652Total $271,859 |
| 2021 | Chief of Infrastructure and EngineeringCity Of Toronto - Toronto Transit Commission | $246,967Benefits $14,630Total $261,596 |
| 2020 | Chief of Infrastructure and EngineeringCity Of Toronto – Toronto Transit Commission | $237,587Benefits $14,628Total $252,215 |
| 2019 | Chief of Infrastructure and EngineeringCity Of Toronto - Toronto Transit Commission | $228,704Benefits $14,532Total $243,236 |
| 2018 | Head - Subway InfrastructureCity of Toronto - Toronto Transit Commission | $207,401Benefits $2,226Total $209,627 |
| 2017 | Deputy Project Director - Automatic Train ControlCity of Toronto - Toronto Transit Commission | $212,514Benefits $1,624Total $214,138 |
| 2016 | Manager - Construction - Rail InfrastructureCity of Toronto - Toronto Transit Commission | $184,592Benefits $946Total $185,537 |
| 2015 | Manager - Construction - Rail InfrastructureCity of Toronto - Toronto Transit Commission | $149,527Benefits $694Total $150,221 |
| 2014 | Manager - Construction - Rail InfrastructureCity of Toronto - Toronto Transit Commission | $149,709Benefits $426Total $150,135 |
| 2013 | Manager - Construction & Rail InfrastructureCity of Toronto - Toronto Transit Commission | $131,636Benefits $538Total $132,174 |
| 2012 | Manager Construction - Rail InfrastructureCity of Toronto - Toronto Transit Commission | $130,828Benefits $311Total $131,139 |
| 2011 | Project ManagerCity of Toronto - Toronto Transit Commission | $124,706Benefits $85Total $124,791 |
| 2010 | Project ManagerCity of Toronto - Toronto Transit Commission | $124,359Benefits $76Total $124,435 |
| 2009 | Project ManagerCity of Toronto - Toronto Transit Commission | $117,956Benefits $0Total $117,956 |
| 2008 | Superintendent, Traction PowerCity of Toronto - Toronto Transit Commission | $113,259Benefits $0Total $113,259 |
| 2007 | Superintendent, Traction PowerCity of Toronto - Toronto Transit Commission | $109,902Benefits $0Total $109,902 |
| 2006 | Superintendent, Traction PowerCity of Toronto - TTC | $106,963Benefits $76Total $107,039 |
| 2005 | Supervisor, Substations & Power ControlCity of Toronto - Toronto Transit Comm. | $102,273Benefits $76Total $102,349 |
Take-Home Pay
(After Tax) · 2025 estimate
Of the $364,589 Fortunato Monaco earned in 2025, roughly $209,382 would remain after income tax, CPP and EI, an all-in deduction rate of about 42.6%. That is about 16% more than the $315,488 paid in 2024. Fortunato Monaco has appeared on the list 21 times since 2005. After pension contributions (probably OMERS in this sector), take-home is usually a further 7–10% lower.
- Estimated net pay
- ~$209,382
- Effective income-tax rate (excl. CPP/EI)
- ~41.1%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~42.6%
- vs. 2025 Chief Operating Officer median
- +101%
Where does $364,589 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.