Michael Balsamo
Toronto Catholic District School Board/Teacher - Secondary
2024 Salary — last year on the list
$119,994Total compensation $120,092, including $98 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
2024
Employer Rank
#2,296Toronto Catholic District School Board
Years on List
42020–2024
Peak Salary
$119,9942024
Full 2024 roster at Toronto Catholic District School Board →·See where $119,994 ranks →
Total Compensation History
Full History
2020–2024
$101,791 in 2020 is worth about $122,001 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2024 | Teacher - SecondaryToronto Catholic District School Board | $119,994Benefits $98Total $120,092 |
| 2023 | Teacher - SecondaryToronto Catholic District School Board | $103,037Benefits $100Total $103,137 |
| 2021 | Teacher - SecondaryToronto Catholic District School Board | $104,162Benefits $87Total $104,249 |
| 2020 | Teacher – SecondaryToronto Catholic District School Board | $101,791Benefits $82Total $101,874 |
Take-Home Pay
(After Tax) · 2024 estimate
Take-home on Michael Balsamo's 2024 salary of $119,994 comes to roughly $86,342 once federal and Ontario income tax (about 23.8% effective) is deducted. Compared with 2023, when the figure was $103,037, that is a rise of about 16%. Michael Balsamo has appeared on the list 4 times since 2020. After pension contributions (probably OTPP for teachers or OMERS in this sector), take-home is usually a further 7–10% lower.
- Estimated net pay
- ~$86,342
- Effective income-tax rate (excl. CPP/EI)
- ~23.8%
- CPP + EI contributions
- ~$5,105
- All-in deduction rate (incl. CPP/EI)
- ~28.0%
- vs. 2024 Secondary Teacher median
- −9%
Where does $119,994 rank on the Sunshine List? →
Estimate only: 2024 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.