Financial Advisor Salary in Toronto (2026)
Is 99,840/year enough to live in Toronto?
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Financial Advisor Salary Analysis in Toronto
Toronto's financial sector provides strong opportunities for Financial Advisors, with average earnings of $99,840/year. The city's major financial centre status drives consistent demand for finance professionals.
After federal and Ontario provincial taxes at a combined rate of 29.5%, take-home pay is approximately 70,357/year — or $5,863/month.
Living in Toronto on a financial advisor salary is very achievable. After covering a 1-bedroom apartment ($2,400/month) and typical living expenses, you'd have roughly $2,263/month left over for savings, investments, or lifestyle spending.
Financial Advisor Salary Range in Toronto
Cost of Living in Toronto
Housing Costs
City Overview
How to Increase Your Financial Advisor Salary
CPA or CFA designation can increase salary by $15,000–$30,000/year
Big 4 accounting firms offer structured career paths and strong starting salaries
Financial services in Toronto and Calgary tend to pay the highest in Canada
Frequently Asked Questions
What is the average financial advisor salary in Toronto?
The average financial advisor salary in Toronto, ON is $99,840 per year as of 2026. This is above the national average of $78,000, primarily due to Toronto's cost of living index of 128 (Canada average: 100).
How much does a financial advisor take home after taxes in Toronto?
After federal and Ontario provincial taxes (combined effective rate: 29.5%), a financial advisor in Toronto takes home approximately $70,357/year — that's $5,863/month or $2,706 bi-weekly.
Is $99,840 a good salary in Toronto?
Toronto has a high cost of living (index: 128), so $99,840 is a comfortable salary that covers housing and living expenses with room to save.
What is the salary range for financial advisors in Toronto?
Financial Advisors in Toronto typically earn between $57,600 and $160,000 per year, depending on experience, specialization, and employer. Entry-level positions start around $57,600, while senior roles can exceed $160,000.
How fast is the financial advisor job market growing in Toronto?
The financial advisor field is growing at approximately 5.3% nationally, a steady pace that reflects stable long-term demand. Toronto currently has an estimated 1,172 openings, with an unemployment rate of 6.2%.