Median annual salary: $98,842 · Range: $67,392 – $146,016 · Source: Government of Canada Job Bank (NOC 21223)
Annual figures assume 2,080 paid hours/year (40 hrs × 52 wks). Regional multiplier 1.08× applied to national Job Bank wage data.
Business analysts document processes, gather requirements, and bridge business and tech teams. CBAP certification and experience with Agile/Scrum are increasingly expected. Strong demand in banking, insurance, and government projects.
Select an experience level for a detailed breakdown with negotiation advice specific to Toronto, ON:
| Experience | Low | Median | High | Range |
|---|---|---|---|---|
| Entry-Level (0–2 years) | $51,000 | $82,000 | $131,000 | |
| Mid-Level (3–6 years) | $64,000 | $101,000 | $161,000 | |
| Senior (7–12 years) | $74,000 | $119,000 | $190,000 | |
| Expert / Executive (12+ years) | $84,000 | $141,000 | $234,000 |
Business analysts in Toronto are concentrated in financial services and technology, where iterative product delivery and regulatory change programs sustain consistent demand.
Toronto is Canada's financial and technology capital. Bay Street concentrates the country's highest finance salaries, while a dense cluster of tech companies and scale-ups — including Shopify, Wealthsimple, and many US-headquartered engineering hubs — drive strong competition for technical talent. Cost of living is the highest in Canada, which is reflected in salary premiums of 5–12 % over the national median for most professional roles.
Top hiring sectors:
Notable employers: Loblaw, Rogers, Bell Canada, Magna International, Canadian Tire, George Weston, KPMG Advisory
Based on Government of Canada Job Bank data (NOC 21223, 2024), the median annual salary for a Business Analyst in Toronto, ON is approximately $98,842. The typical range runs from $67,392 at the 25th percentile to $146,016 at the 75th percentile, depending on experience, employer size, and specialization.
Above the national average. Toronto, ON's regional wage multiplier is 1.08× the national benchmark for this occupation. The national median for Business Analyst is approximately $91,520/yr before regional adjustment.
The primary drivers are years of experience, employer size, industry sector, and professional certifications or designations. In Toronto, ON, the dominant employers for this role are in financial services and technology, which set the market rate locally. Specialization and a track record of measurable outcomes are the fastest paths to the upper end of the range.
The median Business Analyst salary of $98,842/yr places you at the 50th percentile for this occupation in Toronto, ON. Given Ontario's cost of living, this provides a comfortable lifestyle for individuals and a reasonable foundation for a household. Use the JobCoach AI Salary Benchmarker to compare your specific situation against current market data.
Come prepared with market data (this guide plus at least two additional sources), a concise summary of your impact in previous roles, and a specific target number — not a range. In Toronto, ON, the top sectors hiring Business Analysts include financial services and technology, where competing offers are the strongest leverage. Always negotiate total compensation, not just base salary.
Enter your role, city, and experience level for a personalized Canadian salary benchmark — with negotiation context built in.
Get my salary benchmark →How to Tailor Your Resume for a Business Analyst Role
ATS keywords, formatting tips, and before/after examples for business analyst resumes.