Karen Madsen
Waterloo Region District School Board/Principal/Elementary
2025 Salary
$161,232Total compensation $161,335, including $102 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
#112Waterloo Region District School Board
Years on List
72019–2025
Peak Salary
$161,2322025
Full 2025 roster at Waterloo Region District School Board →·See where $161,232 ranks →
Total Compensation History
Full History
2019–2025
$101,653 in 2019 is worth about $122,731 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | Principal/ElementaryWaterloo Region District School Board | $161,232Benefits $102Total $161,335 |
| 2024 | Principal/ElementaryWaterloo Region District School Board | $153,903Benefits $98Total $154,001 |
| 2023 | Principal/ElementaryWaterloo Region District School Board | $123,771Benefits $100Total $123,871 |
| 2022 | Principal/ElementaryWaterloo Region District School Board | $120,552Benefits $91Total $120,642 |
| 2021 | Vice Principal/ElementaryWaterloo Region District School Board | $110,918Benefits $87Total $111,005 |
| 2020 | Vice Principal/ElementaryWaterloo Region District School Board | $115,170Benefits $82Total $115,253 |
| 2019 | Vice Principal/ElementaryWaterloo Region District School Board | $101,653Benefits $80Total $101,732 |
Take-Home Pay
(After Tax) · 2025 estimate
Take-home on Karen Madsen's 2025 salary of $161,232 comes to roughly $110,066 once federal and Ontario income tax (about 28.3% effective) is deducted. It is up about 5% on the $153,903 paid in 2024. Karen Madsen has appeared on the list 7 times since 2019. Pension contributions — likely OTPP for teachers or OMERS in the School Boards sector — would typically trim another 7–10% off that figure.
- Estimated net pay
- ~$110,066
- Effective income-tax rate (excl. CPP/EI)
- ~28.3%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~31.7%
- vs. 2025 Elementary School Principal median
- −3%
Where does $161,232 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.