Michael Kanalec
Toronto District School Board/Principal, Elementary
2024 Salary — last year on the list
$119,427Total compensation $119,427, including $0 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
#8,834Toronto District School Board
Years on List
142011–2024
Peak Salary
$134,4292022
Full 2024 roster at Toronto District School Board →·See where $119,427 ranks →
Total Compensation History
Full History
2011–2024
$102,315 in 2011 is worth about $140,118 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2024 | Principal, ElementaryToronto District School Board | $119,427 |
| 2023 | Principal, ElementaryToronto District School Board | $131,355 |
| 2022 | Principal ElementaryToronto District School Board | $134,429 |
| 2021 | Principal ElementaryToronto District School Board | $130,847 |
| 2020 | Principal ElementaryToronto District School Board | $133,262 |
| 2019 | Principal, ElementaryToronto District School Board | $129,884 |
| 2018 | Principal, ElementaryToronto District School Board | $128,309 |
| 2017 | Principal ElementaryToronto District School Board | $126,029 |
| 2016 | Principal, ElementaryToronto District School Board | $125,417 |
| 2015 | Principal, ElementaryToronto District School Board | $126,270 |
| 2014 | Principal, ElementaryToronto District School Board | $118,537 |
| 2013 | Principal, ElementaryToronto District School Board | $115,545 |
| 2012 | Principal, ElementaryToronto District School Board | $111,147 |
| 2011 | Vice-Principal, ElementaryToronto District School Board | $102,315 |
Take-Home Pay
(After Tax) · 2024 estimate
Take-home on Michael Kanalec's 2024 salary of $119,427 comes to roughly $86,022 once federal and Ontario income tax (about 23.7% effective) is deducted. That is about 9% less than the $131,355 paid in 2023. For comparison, the median Elementary School Principal on the 2024 list was paid $156,262; this salary is about 24% less. After pension contributions (probably OTPP for teachers or OMERS in this sector), take-home is usually a further 7–10% lower.
- Estimated net pay
- ~$86,022
- Effective income-tax rate (excl. CPP/EI)
- ~23.7%
- CPP + EI contributions
- ~$5,105
- All-in deduction rate (incl. CPP/EI)
- ~28.0%
- vs. 2024 Elementary School Principal median
- −24%
Where does $119,427 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.