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Actuary (Fellow) Salary in Canada
How much does an Actuary (Fellow) make in Canada?
$152,481 (CAD)/year
Average Bonus
$7,533 (CAD)
per Year
Total Compensation
$157,919.56
Entry Level
$105,173
Median
$150,387
Senior Level
$172,499
As of July, 23, 2026, the average actuary (fellow) gross salary in Canada is $152,481 or an equivalent hourly rate of $73. In addition, actuary (fellow)s earn an average bonus of $7,533. An entry level actuary (fellow) with 1-3 years of experience earns an average salary of $105,173. At the higher end of the pay range, an senior level actuary (fellow) with 8+ years of experience earns an average salary of $172,499. Salary estimates are based on salary survey data collected directly from employers in Canada.
Data powered by ERI
Salary Potential for an Actuary (Fellow)
Explore the estimated salary growth for an Actuary (Fellow) in Canada for up to 5 years. The estimated salary of an Actuary (Fellow) will be $156,292 in 1 year and $172,515 in 5 years.
View Salary by Year
Estimated Salary
$160,199
Average Growth
5.1 %
The estimated salary for an Actuary (Fellow) in 2 years is $160,199, which is 5.1 % average growth. This information is based on ERI's compensation database.
Typical Actuary (Fellow) Education
This chart displays the highest level of education for Actuary (Fellow)s.
- 0% of Actuary (Fellow)s have less than a High School Diploma
- 0% of Actuary (Fellow)s have a High School Diploma
- 0% of Actuary (Fellow)s have an Associate's Degree
- 56% of Actuary (Fellow)s have a Bachelor's Degree
- 35% of Actuary (Fellow)s have a Master's Degree
- 9% of Actuary (Fellow)s have a Doctorate Degree
The typical field of study for an Actuary (Fellow) is Actuarial Science.
See how education can impact your salaryPopular Skills for an Actuary (Fellow)
Utilizes statistics
100%
Reviews insurance
91%
These are the most popular skills for Actuary (Fellow)s. About 100% of Actuary (Fellow)s have a skill in Utilizes statistics.
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Actuary (Fellow) Salaries in Other Locations
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The cost of living in Canada is equal to the national average.
0% equal to
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Frequently Asked Questions
What does an Actuary (Fellow) do?
Determines the financial impact of risks and uncertainty, engaging in actuarial sciences. Utilizes statistics and principles of finance and business and applies to problems in life, health, social, and casualty insurance, annuities, and pensions. Oversees others performing actuarial duties. Advancement to the Fellow actuary level (professional designation of Fellowship level) may generally be achieved in five to ten years. Requires completion of the Fellowship exams, which generally may be attained a few years after reaching the Associate level.
How much does an Actuary (Fellow) make in Canada?
The average salary for an Actuary (Fellow) is $152,481 per year or $73.31 per hour in Canada. Top earners have reported making up to $172,499. However, the typical pay range in Canada is between $105,173 and $172,499 annually.
What is the salary trajectory for an Actuary (Fellow)?
Actuary (Fellow) is projected to see a 13.1 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Actuary (Fellow) salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
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