Michael Baker

University of Toronto/Professor of Economics

2025 Salary

$418,276

Total compensation $418,466, including $190 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

#99

University of Toronto

Years on List

2000–2025

Peak Salary

$418,276

2025

Full 2025 roster at University of Toronto →·See where $418,276 ranks →

Total Compensation History

Total compensation, 2000–2025. Axis starts at $100,000, the Sunshine List disclosure threshold.

Full History
2000–2025

$111,322 in 2000 is worth about $191,604 in 2025 dollars.

Full salary history, by year
Year	Employer	Position	Salary	Benefits	Total
2025	University Of Toronto	Professor of EconomicsUniversity Of Toronto	$418,276	$190	$418,466
2024	University Of Toronto	Professor of EconomicsUniversity Of Toronto	$383,548	$258	$383,806
2023	University Of Toronto	Professor of EconomicsUniversity Of Toronto	$336,098	$258	$336,356
2022	University Of Toronto	Professor of EconomicsUniversity Of Toronto	$253,384	$272	$253,656
2021	University Of Toronto	Professor of EconomicsUniversity Of Toronto	$241,345	$286	$241,631
2020	University Of Toronto	Professor of EconomicsUniversity Of Toronto	$258,294	$302	$258,596
2019	University Of Toronto	Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity Of Toronto	$283,270	$361	$283,631
2018	University of Toronto	Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$275,080	$403	$275,484
2017	University of Toronto	Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$268,252	$448	$268,700
2016	University of Toronto	Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$269,041	$520	$269,561
2015	University of Toronto	Professor Of Economics And Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$250,742	$566	$251,308
2014	University of Toronto	Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$248,992	$612	$249,603
2013	University of Toronto	Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$248,468	$612	$249,080
2012	University of Toronto	Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$243,650	$612	$244,261
2011	University of Toronto	Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$208,607	$612	$209,219
2010	University of Toronto	Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$200,945	$589	$201,534
2009	University of Toronto	Prof., Economics/Dir., Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$212,997	$2,317	$215,314
2008	University of Toronto	Professor, Economics/Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$196,776	$567	$197,343
2007	University of Toronto	Professor, Economics/Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto	$183,771	$567	$184,338
2006	University of Toronto	Professor of EconomicsUniversity of Toronto	$177,794	$598	$178,392
2005	University of Toronto	Professor, EconomicsUniversity of Toronto	$162,512	$665	$163,177
2004	University of Toronto	Professor, EconomicsUniversity of Toronto	$152,869	$655	$153,524
2003	University of Toronto	Professor, EconomicsUniversity of Toronto	$145,561	$617	$146,178
2002	University of Toronto	Professor of EconomicsUniversity of Toronto	$106,200	$565	$106,765
2000	University of Toronto	Professor of EconomicsUniversity of Toronto	$111,322	$446	$111,768

Take-Home Pay
(After Tax) · 2025 estimate

Michael Baker was paid $418,276 in 2025; after income tax, CPP and EI that is roughly $234,330, an effective income-tax rate of about 42.7%. That is about 22% above the 2025 median of $343,565 for Professor of Economics on the Sunshine List. Michael Baker has appeared on the list 25 times since 2000. This estimate leaves out pension contributions; members of OMERS, OTPP, HOOPP or OPTrust typically take home another 7–10% less.

Estimated net pay: ~$234,330
Effective income-tax rate (excl. CPP/EI): ~42.7%
CPP + EI contributions: ~$5,507
All-in deduction rate (incl. CPP/EI): ~44.0%
vs. 2025 Professor of Economics median: +22%

Where does $418,276 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 University of Toronto
2025

Also at University of Toronto, 2025
#	Name	Position	Salary	Total
1	Alan Aspuru-Guzik	Professor of Chemistry and Computer Science	$649,993	$684,041
2	Brian Golden	Professor of Strategic Management	$616,607	$616,858
3	Mikhail Simutin	Associate Professor of Finance	$593,667	$603,115
4	David Goldreich	Professor of Finance	$601,972	$602,270
5	Theodore Brown	Professor, Obstetrics and Gynaecology	$598,159	$598,224
6	William Strange	Professor of Economic Analysis and Policy	$596,033	$596,242
7	Meric Gertler	Professor of Geography and Planning	$555,450	$588,914
8	Wei-Yi (Scott) Liao	Professor of Accounting	$573,981	$576,190
9	Dilip Soman	Professor of Marketing	$575,404	$575,529
10	Partha Sarat Mohanram	Professor of Accounting	$573,196	$573,321