Product Manager Salary in Toronto, Ontario

Toronto is Canada's largest city. Global banks, fintechs, and software startups are major employers in the area. Toronto has a high cost of living.

Salary by experience level

Salary range (per year)

C$72,000 to C$87,000

Average (per year)

C$80,000

In Toronto, entry-level product managers work for startups, banks, or large tech companies.

Salary range (per year)

C$88,000 to C$115,000

Average (per year)

C$104,000

Mid-level product managers in Canada manage products across finance, e‑commerce, and SaaS sectors.

Salary range (per year)

C$116,000 to C$145,000

Average (per year)

C$132,000

At the senior level, product managers lead large teams at global tech firms or established Canadian corporations.

Salary range (per year)

C$146,000+

Principal product managers work at multinational headquarters or unicorn startups.

For freelance or contract work, hourly rates are typically higher than equivalent salaried positions.

C$36 - C$44

per hour

C$45 - C$58

per hour

C$59 - C$74

per hour