Raffi Budakian
University of Waterloo/Professor
2025 Salary
$230,004Total compensation $230,427, including $423 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
#348University of Waterloo
Years on List
112015–2025
Peak Salary
$231,7042022
Full 2025 roster at University of Waterloo →·See where $230,004 ranks →
Total Compensation History
Full History
2015–2025
$100,016 in 2015 is worth about $129,720 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | ProfessorUniversity Of Waterloo | $230,004Benefits $423Total $230,427 |
| 2024 | ProfessorUniversity Of Waterloo | $203,082Benefits $355Total $203,437 |
| 2023 | ProfessorUniversity Of Waterloo | $228,935Benefits $311Total $229,246 |
| 2022 | ProfessorUniversity Of Waterloo | $231,704Benefits $251Total $231,955 |
| 2021 | ProfessorUniversity Of Waterloo | $225,992Benefits $189Total $226,181 |
| 2020 | ProfessorUniversity Of Waterloo | $219,836Benefits $179Total $220,016 |
| 2019 | ProfessorUniversity Of Waterloo | $197,015Benefits $181Total $197,197 |
| 2018 | ProfessorUniversity of Waterloo | $168,658Benefits $182Total $168,840 |
| 2017 | ProfessorUniversity of Waterloo | $164,305Benefits $194Total $164,500 |
| 2016 | ProfessorUniversity of Waterloo | $160,834Benefits $208Total $161,042 |
| 2015 | ProfessorUniversity of Waterloo | $100,016Benefits $238Total $100,253 |
Take-Home Pay
(After Tax) · 2025 estimate
Raffi Budakian was paid $230,004 in 2025; after income tax, CPP and EI that is roughly $145,936, an effective income-tax rate of about 34.2%. For comparison, the median Professor on the 2025 list was paid $135,910; this salary is about 69% more. Raffi Budakian has appeared on the list 11 times since 2015. This estimate leaves out pension contributions; members of OMERS, OTPP, HOOPP or OPTrust typically take home another 7–10% less.
- Estimated net pay
- ~$145,936
- Effective income-tax rate (excl. CPP/EI)
- ~34.2%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~36.6%
- vs. 2025 Professor median
- +69%
Where does $230,004 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.