Keith Herdsman

City of Toronto – Toronto Transit Commission/Operator

2025 Salary

$116,727

Total compensation $117,771, 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

#4,483

City of Toronto – Toronto Transit Commission

Years on List

2006–2025

Peak Salary

$145,530

2022

Full 2025 roster at City of Toronto – Toronto Transit Commission →·See where $116,727 ranks →

Total Compensation History

Total compensation, 2006–2025. Axis starts at $100,000, the Sunshine List disclosure threshold.

Full History
2006–2025

$107,422 in 2006 is worth about $161,675 in 2025 dollars.

Full salary history, by year
Year	Employer	Position	Salary	Benefits	Total
2025	City Of Toronto – Toronto Transit Commission	OperatorCity Of Toronto – Toronto Transit Commission	$116,727Benefits $1,044Total $117,771	$1,044	$117,771
2024	City Of Toronto - Toronto Transit Commission	OperatorCity Of Toronto - Toronto Transit Commission	$130,870Benefits $1,024Total $131,894	$1,024	$131,894
2023	City Of Toronto - Toronto Transit Commission	OperatorCity Of Toronto - Toronto Transit Commission	$115,865Benefits $991Total $116,856	$991	$116,856
2022	City Of Toronto - Toronto Transit Commission	OperatorCity Of Toronto - Toronto Transit Commission	$145,530Benefits $984Total $146,513	$984	$146,513
2021	City Of Toronto - Toronto Transit Commission	OperatorCity Of Toronto - Toronto Transit Commission	$145,438Benefits $969Total $146,407	$969	$146,407
2020	City Of Toronto – Toronto Transit Commission	OperatorCity Of Toronto – Toronto Transit Commission	$118,140Benefits $980Total $119,120	$980	$119,120
2019	City Of Toronto - Toronto Transit Commission	OperatorCity Of Toronto - Toronto Transit Commission	$119,614Benefits $975Total $120,589	$975	$120,589
2018	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$104,916Benefits $968Total $105,884	$968	$105,884
2017	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$107,885Benefits $989Total $108,874	$989	$108,874
2016	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$114,514Benefits $986Total $115,500	$986	$115,500
2015	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$117,657Benefits $981Total $118,638	$981	$118,638
2014	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$114,008Benefits $976Total $114,984	$976	$114,984
2013	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$119,565Benefits $973Total $120,538	$973	$120,538
2012	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$118,937Benefits $938Total $119,875	$938	$119,875
2011	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$116,501Benefits $1,007Total $117,508	$1,007	$117,508
2010	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$103,724Benefits $883Total $104,607	$883	$104,607
2009	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$103,820Benefits $750Total $104,570	$750	$104,570
2008	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$106,249Benefits $950Total $107,199	$950	$107,199
2007	City of Toronto - Toronto Transit Commission	OperatorCity of Toronto - Toronto Transit Commission	$105,453Benefits $1,875Total $107,328	$1,875	$107,328
2006	City of Toronto - TTC	OperatorCity of Toronto - TTC	$107,422Benefits $76Total $107,498	$76	$107,498

Take-Home Pay
(After Tax) · 2025 estimate

In 2025, Keith Herdsman's $116,727 salary works out to roughly $85,040 after income tax, CPP and EI — an all-in deduction rate of about 27.1%. On total compensation of $117,771, Keith Herdsman ranked #4,483 of 9,614 disclosed at City of Toronto – Toronto Transit Commission that year, where the median salary was $114,939. Pension contributions — likely OMERS in the Municipalities & Services sector — would typically trim another 7–10% off that figure.

Estimated net pay: ~$85,040
Effective income-tax rate (excl. CPP/EI): ~22.4%
CPP + EI contributions: ~$5,507
All-in deduction rate (incl. CPP/EI): ~27.1%
vs. 2025 Operator median: +7%

Where does $116,727 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.

Also at City of Toronto – Toronto Transit Commission
2025

Also at City of Toronto – Toronto Transit Commission, 2025
#	Name	Position	Salary	Total
1	Richard Leary	Chief Executive Officer	$597,192	$598,317
2	Bruce Macgregor	Deputy Chief Executive Officer	$451,353	$467,923
3	Stephanie Davies	Chief Capital Officer	$385,012	$400,208
4	Gregory Percy	Chief Executive Officer	$376,961	$384,987
5	Fortunato Monaco	Chief Operating Officer	$364,589	$379,694
6	Joshua Colle	Chief Strategy and Customer Officer	$348,639	$365,143
7	Richard Wong	Chief Transportation And Vehicles Officer	$341,527	$356,565
8	Shakira Naraine	Chief People and Culture Officer	$327,302	$343,729
9	Michael Atlas	General Counsel	$327,397	$342,383
10	Christopher Sawicki	Chief Project Manager	$312,966	$323,803