Professor of Economics Salary in Ontario (2025)
1,224 disclosed records, 1996–2025 · mostly Universities (100%)
Last filed under this title in 2025. Fewer than 20 records in the latest Sunshine List, so this page is kept for history.
At a Glance
2025
Disclosed
17
2025 Sunshine List
Median Salary
$343,565
+181.0% vs provincial median
Typical Range
$314,151–$418,276
25th–75th percentile
Top Salary
$507,239
Who is the highest-paid Professor of Economics in Ontario?
The highest-paid Professor of Economics on the 2025 Sunshine List was Diego Restuccia at University Of Toronto, with a salary of $507,239; the median among the 17 listed under this title was $343,565.
Take-Home Pay
(After Tax) · 2025 estimate
A Professor of Economics paid the 2025 median of $343,565 would take home roughly $199,612 after income tax, CPP and EI — about $16,634 a month, an effective rate of about 40.3%. That is about 181% above the 2025 median across the whole list, $122,262. The 2025 list carries 17 people filed as Professor of Economics. This estimate leaves out pension contributions; members of OMERS, OTPP, HOOPP or OPTrust typically take home another 7–10% less.
- Estimated net pay
- ~$199,612
- Effective income-tax rate (excl. CPP/EI)
- ~40.3%
- CPP + EI contributions
- ~$5,507
- Per month, after tax
- ~$16,634
Where does $343,565 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.
Median by Year
2005–2025
Median salary paid among disclosed records. 2023 is absent: job titles were not disclosed that year. Years with fewer than five people are omitted.
Where They Work
2025 · employers with 5+
| Employer | People | Median | Top | Detail |
|---|---|---|---|---|
| University of Toronto | 17 | $343,565 | $507,239 | Pay here → |
Highest Paid
2025
| # | Name | Employer | Title as filed | Salary | Total |
|---|---|---|---|---|---|
| 1 | Diego Restuccia | University Of Toronto | Professor of Economics | $507,239 | $507,490 |
| 2 | Yoram Halevy | University Of Toronto | Professor of Economics | $454,785 | $476,596 |
| 3 | Victor Aguirregabiria | University Of Toronto | Professor of Economics | $444,419 | $444,545 |
| 4 | Kory Kroft | University Of Toronto | Professor of Economics | $419,643 | $422,154 |
| 5 | Michael Baker | University Of Toronto | Professor of Economics | $418,276 | $418,466 |
| 6 | Loren Brandt | University Of Toronto | Professor of Economics | $409,554 | $409,680 |
| 7 | Gustavo Bobonis | University Of Toronto | Professor of Economics | $362,645 | $362,771 |
| 8 | Colin Stewart | University Of Toronto | Professor of Economics | $346,934 | $347,060 |
| 9 | Michael Smart | University Of Toronto | Professor of Economics | $343,565 | $343,733 |
| 10 | Michelle Alexopoulos | University Of Toronto | Professor of Economics | $341,394 | $341,645 |
By Year
Related Positions
About these figures
Source: Ontario’s Public Sector Salary Disclosure (the “Sunshine List”), which names every public-sector employee paid $100,000 or more in a calendar year. Figures are disclosed salaries, not market compensation: anyone in this position earning under $100,000 does not appear, so medians here sit above the true median for the job.
Medians and percentiles use salary paid (benefits excluded), computed over records whose filed job title was normalized into this position. Titles are as each employer filed them; spellings, word order and bilingual forms are merged. Employers and years with fewer than five people show counts only. 2023: job titles were not disclosed, so that year has no position data. Titles before 2005 were abbreviated at source; the chart starts at 2005.
Data through 2025, the most recent Sunshine List disclosed.