Michael Varsamis
City of Toronto – Toronto Transit Commission/Track Mechanic
2022 Salary — last year on the list
$112,286Total compensation $113,282, including $996 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
2022
Employer Rank
#2,253City of Toronto – Toronto Transit Commission
Years on List
22020–2022
Peak Salary
$112,2862022
Full 2022 roster at City of Toronto – Toronto Transit Commission →·See where $112,286 ranks →
Total Compensation History
Full History
2020–2022
$102,480 in 2020 is worth about $122,826 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2022 | Track MechanicCity Of Toronto - Toronto Transit Commission | $112,286Benefits $996Total $113,282 |
| 2020 | Track MechanicCity Of Toronto – Toronto Transit Commission | $102,480Benefits $990Total $103,470 |
Take-Home Pay
(After Tax) · 2022 estimate
In 2022, Michael Varsamis's $112,286 salary works out to roughly $80,119 after income tax, CPP and EI — an all-in deduction rate of about 28.6%. That is about 10% more than the $102,480 paid in 2020. Records under this name have appeared on the Sunshine List 2 years in all, first in 2020. Pension contributions — likely OMERS in the Municipalities & Services sector — would typically trim another 7–10% off that figure.
- Estimated net pay
- ~$80,119
- Effective income-tax rate (excl. CPP/EI)
- ~24.7%
- CPP + EI contributions
- ~$4,453
- All-in deduction rate (incl. CPP/EI)
- ~28.6%
- vs. 2022 Track Mechanic median
- +2%
Where does $112,286 rank on the Sunshine List? →
Estimate only: 2022 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.