Michael Stepner
University of Toronto/Assistant Professor, Economics
2025 Salary
$242,697Total compensation $242,823, including $126 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
#1,127University of Toronto
Years on List
32023–2025
Peak Salary
$242,6972025
Full 2025 roster at University of Toronto →·See where $242,697 ranks →
Total Compensation History
Full History
2023–2025
$118,161 in 2023 is worth about $123,502 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | Assistant Professor, EconomicsUniversity Of Toronto | $242,697Benefits $126Total $242,823 |
| 2024 | Assistant Professor, EconomicsUniversity Of Toronto | $222,286Benefits $129Total $222,415 |
| 2023 | Assistant Professor, EconomicsUniversity Of Toronto | $118,161Benefits $129Total $118,290 |
Take-Home Pay
(After Tax) · 2025 estimate
Take-home on Michael Stepner's 2025 salary of $242,697 comes to roughly $152,303 once federal and Ontario income tax (about 35.0% effective) is deducted. Within University of Toronto, Michael Stepner's total compensation of $242,823 was the #1,127 of 7,392, against a median salary of $147,726. That is about 9% more than the $222,286 paid in 2024. This estimate leaves out pension contributions; members of OMERS, OTPP, HOOPP or OPTrust typically take home another 7–10% less.
- Estimated net pay
- ~$152,303
- Effective income-tax rate (excl. CPP/EI)
- ~35.0%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~37.2%
- vs. 2025 Assistant Professor of Economics median
- −1%
Where does $242,697 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.