Jose Ricaforte
City of Toronto – Toronto Transit Commission/Operator
2025 Salary
$111,083Total compensation $112,127, 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
#5,934City of Toronto – Toronto Transit Commission
Years on List
22024–2025
Peak Salary
$111,0832025
Full 2025 roster at City of Toronto – Toronto Transit Commission →·See where $111,083 ranks →
Total Compensation History
Full History
2024–2025
$104,124 in 2024 is worth about $106,260 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | OperatorCity Of Toronto – Toronto Transit Commission | $111,083Benefits $1,044Total $112,127 |
| 2024 | OperatorCity Of Toronto - Toronto Transit Commission | $104,124Benefits $1,024Total $105,148 |
Take-Home Pay
(After Tax) · 2025 estimate
Jose Ricaforte was paid $111,083 in 2025; after income tax, CPP and EI that is roughly $81,516, an effective income-tax rate of about 21.7%. That is about 7% more than the $104,124 paid in 2024. Within City of Toronto – Toronto Transit Commission, Jose Ricaforte's total compensation of $112,127 was the #5,934 of 9,614, against a median salary of $114,939. Pension contributions — likely OMERS in the Municipalities & Services sector — would typically trim another 7–10% off that figure.
- Estimated net pay
- ~$81,516
- Effective income-tax rate (excl. CPP/EI)
- ~21.7%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~26.6%
- vs. 2025 Operator median
- +1%
Where does $111,083 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.