Richard Florida
University of Toronto/Professor of Economic Analysis and Policy
2024 Salary — last year on the list
$354,029Total compensation $354,158, including $129 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
#137University of Toronto
Years on List
182007–2024
Peak Salary
$427,3922021
Full 2024 roster at University of Toronto →·See where $354,029 ranks →
Total Compensation History
Full History
2007–2024
$170,000 in 2007 is worth about $250,350 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2024 | Professor of Economic Analysis and PolicyUniversity Of Toronto | $354,029Benefits $129Total $354,158 |
| 2023 | Professor of Economic Analysis and PolicyUniversity Of Toronto | $350,329Benefits $193Total $350,522 |
| 2022 | Professor of Economic Analysis and PolicyUniversity Of Toronto | $392,025Benefits $5,615Total $397,640 |
| 2021 | Professor of Economic Analysis and PolicyUniversity Of Toronto | $427,392Benefits $286Total $427,678 |
| 2020 | Professor of Economic Analysis and PolicyUniversity Of Toronto | $405,247Benefits $4,010Total $409,257 |
| 2019 | Professor of Economic Analysis and PolicyUniversity Of Toronto | $400,401Benefits $3,869Total $404,269 |
| 2018 | Professor of Economic Analysis and PolicyUniversity of Toronto | $412,043Benefits $403Total $412,446 |
| 2017 | Academic Director, Martin Prosperity Institute and Professor of Economic Analysis and PolicyUniversity of Toronto | $404,804Benefits $448Total $405,252 |
| 2016 | Academic Director, Martin Prosperity Institute and Professor of Business EconomicsUniversity of Toronto | $361,287Benefits $520Total $361,808 |
| 2015 | Academic Director, Martin Prosperity Institute And Professor Of Business EconomicsUniversity of Toronto | $294,769Benefits $566Total $295,335 |
| 2014 | Academic Director, Martin Prosperity Institute and Professor of Business EconomicsUniversity of Toronto | $293,560Benefits $612Total $294,172 |
| 2013 | Academic Director, Martin Prosperity Institute and Professor of Business EconomicsUniversity of Toronto | $290,230Benefits $612Total $290,842 |
| 2012 | Academic Director, Martin Prosperity Institute and Professor of Business EconomicsUniversity of Toronto | $304,425Benefits $612Total $305,037 |
| 2011 | Professor Business Economics and Director Martin Prosperity InstituteUniversity of Toronto | $370,246Benefits $612Total $370,858 |
| 2010 | Professor Business Economics & Director Martin Prosperity InstituteUniversity of Toronto | $358,412Benefits $589Total $359,002 |
| 2009 | Professor Business Economics & Director Martin Prosperity InstituteUniversity of Toronto | $352,103Benefits $567Total $352,670 |
| 2008 | Professor Business Economics/Director, Martin Prosperity InstituteUniversity of Toronto | $346,041Benefits $567Total $346,608 |
| 2007 | Professor, Business Economics/Director, Martin Prosperity InstituteUniversity of Toronto | $170,000Benefits $236Total $170,236 |
Take-Home Pay
(After Tax) · 2024 estimate
Richard Florida was paid $354,029 in 2024; after income tax, CPP and EI that is roughly $203,496, an effective income-tax rate of about 41.1%. Compared with 2023, when the figure was $350,329, that is a rise of about 1%. Records under this name have appeared on the Sunshine List 18 years in all, first in 2007. This estimate leaves out pension contributions; members of OMERS, OTPP, HOOPP or OPTrust typically take home another 7–10% less.
- Estimated net pay
- ~$203,496
- Effective income-tax rate (excl. CPP/EI)
- ~41.1%
- CPP + EI contributions
- ~$5,105
- All-in deduction rate (incl. CPP/EI)
- ~42.5%
Where does $354,029 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.