Michael Baker
University of Toronto/Professor of Economics
2025 Salary
$418,276Total 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
#99University of Toronto
Years on List
252000–2025
Peak Salary
$418,2762025
Full 2025 roster at University of Toronto →·See where $418,276 ranks →
Total Compensation History
Full History
2000–2025
$111,322 in 2000 is worth about $191,604 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | Professor of EconomicsUniversity Of Toronto | $418,276Benefits $190Total $418,466 |
| 2024 | Professor of EconomicsUniversity Of Toronto | $383,548Benefits $258Total $383,806 |
| 2023 | Professor of EconomicsUniversity Of Toronto | $336,098Benefits $258Total $336,356 |
| 2022 | Professor of EconomicsUniversity Of Toronto | $253,384Benefits $272Total $253,656 |
| 2021 | Professor of EconomicsUniversity Of Toronto | $241,345Benefits $286Total $241,631 |
| 2020 | Professor of EconomicsUniversity Of Toronto | $258,294Benefits $302Total $258,596 |
| 2019 | Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity Of Toronto | $283,270Benefits $361Total $283,631 |
| 2018 | Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $275,080Benefits $403Total $275,484 |
| 2017 | Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $268,252Benefits $448Total $268,700 |
| 2016 | Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $269,041Benefits $520Total $269,561 |
| 2015 | Professor Of Economics And Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $250,742Benefits $566Total $251,308 |
| 2014 | Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $248,992Benefits $612Total $249,603 |
| 2013 | Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $248,468Benefits $612Total $249,080 |
| 2012 | Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $243,650Benefits $612Total $244,261 |
| 2011 | Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $208,607Benefits $612Total $209,219 |
| 2010 | Professor of Economics and Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $200,945Benefits $589Total $201,534 |
| 2009 | Prof., Economics/Dir., Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $212,997Benefits $2,317Total $215,314 |
| 2008 | Professor, Economics/Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $196,776Benefits $567Total $197,343 |
| 2007 | Professor, Economics/Director, Toronto Region Statistics Canada Research Data CentreUniversity of Toronto | $183,771Benefits $567Total $184,338 |
| 2006 | Professor of EconomicsUniversity of Toronto | $177,794Benefits $598Total $178,392 |
| 2005 | Professor, EconomicsUniversity of Toronto | $162,512Benefits $665Total $163,177 |
| 2004 | Professor, EconomicsUniversity of Toronto | $152,869Benefits $655Total $153,524 |
| 2003 | Professor, EconomicsUniversity of Toronto | $145,561Benefits $617Total $146,178 |
| 2002 | Professor of EconomicsUniversity of Toronto | $106,200Benefits $565Total $106,765 |
| 2000 | Professor of EconomicsUniversity of Toronto | $111,322Benefits $446Total $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.