Innovation Manager Salaries in Toronto, ON
Alternate Job Titles: Manager of Innovation and Strategy
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How much does an Innovation Manager in Toronto, ON make? The median annual Innovation Manager salary in Toronto, ON is C$147,460, as of March 25, 2025, with a range usually between C$122,941-C$170,246 not including bonus and benefit information and other factors that impact base pay. However, the salary for someone with the title Innovation Manager may vary depending on a number of factors including industry, company size, location, years of experience and level of education. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Innovation Manager in Toronto, ON.
This chart describes the expected percentage of people who perform the job of Innovation Manager in Toronto, Ontario that make less than that annual salary. For example the median expected annual pay for a typical Innovation Manager in Toronto, ON is C$147,460, so 50% of the people who perform the job of Innovation Manager in Toronto, ON are expected to make less than C$147,460.
Source: HR Reported data as of March 25, 2025
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This chart describes the expected percentage of people who perform the job of Innovation Manager in Toronto, ON that make less than that salary. For example 50% of the people who perform the job of Innovation Manager in Toronto, ON are expected to make less than the median.
Source: HR Reported data as of March 25, 2025
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Advances the vision, strategy, and thinking methodologies used to innovate new products and services, introduce novel or disruptive ideas, improve existing processes, and create a culture of innovation within the company. Embraces an innovation strategy to define objectives and measures aligned with overall company goals that add value to stakeholders. Implements innovation projects and oversees resources and budgets. Works with partners or alliances on initiatives that support innovation. Collaborates with internal teams and provides training resources to promote a culture of innovation that encourages and supports experimentation and rewards new ideas and ways of thinking. Requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. View full job description
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- Innovation Manager Salaries with No Diploma
- Innovation Manager Salaries with a High School Diploma or Technical Certificate
- Innovation Manager Salaries with an Associate's Degree
- Innovation Manager Salaries with a Bachelor's Degree
- Innovation Manager Salaries with a Master's Degree or MBA
- Innovation Manager Salaries with a JD, MD, PhD or Equivalent