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Michael John Caldarelli

City of Toronto/Manager Finance And Business Services

2024 Salary — last year on the list

$133,790

Total compensation $135,253, including $1,463 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

#3,833

City of Toronto

Years on List

7

2017–2024

Peak Salary

$133,790

2024

Full 2024 roster at City of Toronto →·See where $133,790 ranks →

Total Compensation History

Total compensation by yearLine chart of 7 yearly values of total compensation, from $104,644 in 2017 to $135,253 in 2024. No data for 2022.$100K$110K$120K$130K$140K201720182019202120232024
Total compensation, 2017–2024. Axis starts at $100,000, the Sunshine List disclosure threshold.

Full History
2017–2024

$103,897 in 2017 is worth about $130,827 in 2025 dollars.

Full salary history, by year
YearPositionSalary
2024Manager Finance And Business ServicesCity Of Toronto$133,790Benefits $1,463Total $135,253
2023Supervisor Business Services And Strategic PlanningCity Of Toronto$116,618Benefits $895Total $117,513
2021Senior Financial Planning AnalystCity Of Toronto$121,462Benefits $867Total $122,330
2020Senior Financial Planning Analyst FinanceCity Of Toronto$119,392Benefits $805Total $120,197
2019Manager PensionsCity Of Toronto$115,556Benefits $779Total $116,335
2018Manager PensionsCity of Toronto$105,558Benefits $767Total $106,325
2017Manager PensionsCity of Toronto$103,897Benefits $747Total $104,644

Take-Home Pay
(After Tax) · 2024 estimate

Of the $133,790 Michael John Caldarelli earned in 2024, roughly $94,149 would remain after income tax, CPP and EI, an all-in deduction rate of about 29.6%. It is up about 15% on the $116,618 paid in 2023. Records under this name have appeared on the Sunshine List 7 years in all, first in 2017. Pension contributions — likely OMERS in the Municipalities & Services sector — would typically trim another 7–10% off that figure.

Estimated net pay
~$94,149
Effective income-tax rate (excl. CPP/EI)
~25.8%
CPP + EI contributions
~$5,105
All-in deduction rate (incl. CPP/EI)
~29.6%

Where does $133,790 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.

Also at City of Toronto
2024

View all 10,256 employees at City of Toronto (2024) →