Chief Financial Officer Salary in Canada
Chief Financial Officer Salary Range
$165,965
$267,110
Low Range
High Range
Midpoint
This salary range represents a national benchmark in CAD. Regional salary adjustment factors can be applied below to estimate how compensation may shift by province or territory.
Salary benchmarks are based on a mix of TQR internal data and external market research for specialized manufacturing and technical roles in Canada.
Chief Financial Officer salaries in the packaging manufacturing industry typically range from $165,965 to $267,110, with a midpoint of approximately $205,590. Compensation varies based on company size, financial leadership experience, operational complexity, multi-site responsibility, strategic planning, capital management, and executive leadership responsibilities.
What the Salary Percentiles Mean
The following range has been generated based on real salary data across North America.
$165,965
$267,110
$165,965
25th percentile
Employees in this section often have a lower level of experience or skills and
are still growing into their role. This role may also be at a small to medium-sized business.
$205,590
50th percentile
Employees in this section typically demonstrate the required level of experience plus many skills that are deemed an asset. This role is likely at a medium-sized business.
$267,110
75th percentile
Employees in this section typically demonstrate a higher-level of expertise and/or enhanced qualifications. They should also have a proven track record and cultural fit. This role is likely at a larger business.
Regional Salary Adjustments
Salary ranges can vary by region based on cost of living, labor competition, industry concentration, and talent availability. The map below shows regional adjustment factors that can be applied to the national salary benchmark as a directional guide.
Factors That Affect a Chief Financial Officer's Salary
Chief Financial Officer compensation can vary based on company size, manufacturing complexity, multi-site responsibility, financial leadership experience, industry background, geographic location, and the overall scope of executive responsibilities. Employers may need to adjust compensation when the role includes strategic planning, capital investment management, mergers and acquisitions, investor relations, manufacturing cost accounting, cash flow optimization, or oversight of multiple business units.
Chief Financial Officer Job Description:
A Chief Financial Officer (CFO) leads the financial strategy, planning, and overall financial management of a manufacturing organization. This role helps companies maximize profitability, strengthen financial performance, improve operational efficiency, and support long-term business growth through effective financial leadership, strategic planning, and sound business decision-making.
Chief Financial Officers oversee accounting, financial reporting, budgeting, forecasting, treasury, tax, internal controls, risk management, capital planning, and cash flow management. Their responsibilities may include developing financial strategies, evaluating investments, supporting mergers and acquisitions, managing manufacturing costs, leading financial analysis, overseeing compliance, and partnering with executive leadership, operations, supply chain, sales, and external stakeholders. In a manufacturing environment, the role combines strategic leadership with operational and financial oversight.
Chief Financial Officers are expected to understand how financial performance impacts manufacturing operations, productivity, profitability, pricing, capital investments, and overall business performance. Strong candidates typically combine executive financial leadership with analytical thinking, business acumen, operational knowledge, communication skills, and sound judgment to support organizational growth, shareholder value, and long-term financial success.
Common Responsibilities:
Developing and executing financial strategies, budgets, forecasts, and long-term business plans.
Directing accounting, financial reporting, treasury, tax, audit, compliance, and internal control functions.
Managing cash flow, working capital, capital investments, financial risk, and overall financial performance.
Partnering with executive leadership to support strategic planning, operational improvements, and business growth initiatives.
Monitoring manufacturing costs, profitability, financial metrics, and recommending opportunities to improve business performance.
Leading, mentoring, and developing finance and accounting teams while driving financial discipline and continuous improvement.
Ensuring compliance with GAAP, regulatory requirements, corporate governance standards, and company financial policies.
Explore Current Openings
TQR recruits for specialized roles across packaging, industrial automation, manufacturing, food production, life sciences, and related technical markets. Current openings may include engineering, operations, maintenance, quality, supply chain, and plant leadership roles.
View current opportunities or submit your resume to be considered for future roles that match your background.
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