Varouj Aivazian
University of Toronto/Professor, Department of Economics
2025 Salary
$444,490Total compensation $444,490, 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
2025
Employer Rank
#69University of Toronto
Years on List
301996–2025
Peak Salary
$474,1862014
Full 2025 roster at University of Toronto →·See where $444,490 ranks →
Total Compensation History
Full History
1996–2025
$119,527 in 1996 is worth about $220,769 in 2025 dollars.
| Year | Position | Salary |
|---|---|---|
| 2025 | Professor, Department of EconomicsUniversity Of Toronto | $444,490Benefits $0Total $444,490 |
| 2024 | Professor, Department of EconomicsUniversity Of Toronto | $406,700Benefits $0Total $406,700 |
| 2023 | Professor, Department of EconomicsUniversity Of Toronto | $459,543Benefits $0Total $459,543 |
| 2022 | Professor, Department of EconomicsUniversity Of Toronto | $423,295Benefits $0Total $423,295 |
| 2021 | Professor, Department of EconomicsUniversity Of Toronto | $426,130Benefits $0Total $426,130 |
| 2020 | Professor, Department of EconomicsUniversity Of Toronto | $424,892Benefits $0Total $424,892 |
| 2019 | Professor of EconomicsUniversity Of Toronto | $420,414Benefits $0Total $420,414 |
| 2018 | Professor of EconomicsUniversity of Toronto | $381,813Benefits $0Total $381,813 |
| 2017 | Professor of EconomicsUniversity of Toronto | $441,261Benefits $0Total $441,261 |
| 2016 | Professor of EconomicsUniversity of Toronto | $420,348Benefits $239Total $420,587 |
| 2015 | Professor Of EconomicsUniversity of Toronto | $411,082Benefits $283Total $411,365 |
| 2014 | Professor of EconomicsUniversity of Toronto | $474,186Benefits $306Total $474,492 |
| 2013 | Professor and Chair of EconomicsUniversity of Toronto | $404,051Benefits $306Total $404,357 |
| 2012 | Professor and Chair of EconomicsUniversity of Toronto | $364,990Benefits $306Total $365,296 |
| 2011 | Professor and Chair of EconomicsUniversity of Toronto | $379,022Benefits $306Total $379,328 |
| 2010 | Professor and Chair of EconomicsUniversity of Toronto | $406,024Benefits $489Total $406,513 |
| 2009 | Professor and Chair of EconomicsUniversity of Toronto | $329,429Benefits $672Total $330,102 |
| 2008 | Professor/Chair, EconomicsUniversity of Toronto | $298,145Benefits $672Total $298,817 |
| 2007 | Professor/Chair, EconomicsUniversity of Toronto | $253,782Benefits $672Total $254,454 |
| 2006 | Professor & Chair of EconomicsUniversity of Toronto | $236,137Benefits $710Total $236,847 |
| 2005 | Professor/Chair, EconomicsUniversity of Toronto | $198,104Benefits $789Total $198,893 |
| 2004 | Professor/Chair, EconomicsUniversity of Toronto | $195,118Benefits $875Total $195,993 |
| 2003 | Prof. & Chair, EconomicsUniversity of Toronto | $183,202Benefits $708Total $183,910 |
| 2002 | Professor & Assistant Chair of EconomicsUniversity of Toronto | $163,161Benefits $687Total $163,848 |
| 2001 | Professor & Assistant Chair, EconomicsUniversity of Toronto | $145,367Benefits $658Total $146,025 |
| 2000 | Professor & Assistant Chair of EconomicsUniversity of Toronto | $145,913Benefits $641Total $146,554 |
| 1999 | Professor of EconomicsUniversity of Toronto | $132,788Benefits $632Total $133,419 |
| 1998 | Professor of EconomicsUniversity of Toronto | $125,993Benefits $621Total $126,615 |
| 1997 | Prof. of EconomicsToronto | $132,482Benefits $607Total $133,089 |
| 1996 | Professor of EconomicsUniversity of Toronto | $119,527Benefits $603Total $120,130 |
Take-Home Pay
(After Tax) · 2025 estimate
Of the $444,490 Varouj Aivazian earned in 2025, roughly $246,513 would remain after income tax, CPP and EI, an all-in deduction rate of about 44.5%. At University of Toronto, 7,392 people made the 2025 list with a median salary of $147,726; Varouj Aivazian's total compensation of $444,490 ranked #69. Varouj Aivazian has appeared on the list 30 times since 1996. This estimate leaves out pension contributions; members of OMERS, OTPP, HOOPP or OPTrust typically take home another 7–10% less.
- Estimated net pay
- ~$246,513
- Effective income-tax rate (excl. CPP/EI)
- ~43.3%
- CPP + EI contributions
- ~$5,507
- All-in deduction rate (incl. CPP/EI)
- ~44.5%
Where does $444,490 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.