Business Analyst Salary in Canada 2025: Average Salaries, In Demand Skills, & Top Companies

Lakshmi

8 min read

Updated On Mar 25, 2025

Business Analyst Salary in Canada 2025: Average Salaries, In Demand Skills, & Top Companies

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Scope of Business Analyst Salary in Canada
Average Salary in Canada for Experienced Business Analyst
Highest Paying Cities for Business Analysts in Canada
High Paying Business Analyst Job Roles in Canada
Top Companies For Business Analysts Jobs in Canada
In-Demand Skills for High Business Analyst Salary in Canada
What are the Eligibility Requirements to Work in Canada as a Business Analyst?
How to Become a Business Analyst in Canada?
Secure Your First Business Analyst Job in Canada

Canada is a thriving hub for business analysts, with a strong demand across industries like finance, technology, healthcare and consulting. According to recent Labour Market Reports, there are over 10,000+ job vacancies for business analysts in Canada and the demand is expected to further grow by 14% by 2030.

With businesses increasingly relying on data driven decision making, skilled professionals in this field enjoy competitive salaries and high employment in Canada prospects. If you are considering a career as a business analyst in Canada this blog will guide you through salary insights, factors influencing your pay and best cities for business analyst salary in Canada.

Scope of Business Analyst Salary in Canada

The role of a business analyst is crucial for any business in Canada. With the rapid growth of businesses, the demand for professionals in this field continues to rise. Let's examine the Benefits of being a business analyst in Canada and what this role has to offer

The average business analyst Analyst Salary in Canada is $65000 to $100,000 per year.

The eSkills initiative has revealed that the skills in this field are projected to experience a steady annual growth rate of 2.5% over the next ten years.

A Glassdoor stat has recently revealed that there are approximately 14,800 job vacancies in Canada for a business analyst
Business analysis provides stable job security. The 2023 IIBA report indicates that many professionals in this field work for large organizations, with a substantial percentage having no plans to change employers, ensuring ongoing career stability.
As a novice in business analysis, you'll begin in an entry-level role, but with time and expertise, you can advance to senior positions at a faster pace.

Are you aware that the level of education also contributes to higher entry level business analyst salary Canada? Here are the details to business analytics courses in Canada in 2025.

Average Salary in Canada for Experienced Business Analyst

Experienced Business Analysts in Canada can typically expect to earn a competitive salary, with their extensive expertise and skills commanding a higher compensation package compared to entry-level professionals in the field. The table below shows the salary ranges for business analysts in Canada

Level	Years of Experience	Average Annual Salary (CAD)
Entry-level Business Analyst	Less than 1 year	78,096
Mid-level Business Analyst	1 to 4 years	91,000
Sr-level Business Analyst	5 to 9 years	120,000

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Highest Paying Cities for Business Analysts in Canada

A Business Analyst's salary in Canada is influenced by various factors such as location, experience, company, and industry. However, we've compiled a comprehensive overview of the Average salaries for business analysts in the provinces of the country.

Canadian Cities	Average Salary (CAD)
Mississauga, ON	82,400
Toronto, ON	73,289
Vancouver, BC	74,730
Winnipeg, MB	63,135
Ottawa, ON	78,079
Montreal, QC	74,817
Brampton, ON	82,407
Regina, SK	62,069
Calgary, AB	85,031

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High Paying Business Analyst Job Roles in Canada

There are various business analyst job roles in Canada, take a look at the table below where we discuss the responsibilities and the corresponding average annual salaries in INR and CAD

Business Analyst Career	Average Annual Salary (CAD)
Business Analyst Manager	102,500
Data Analysis Scientist	102,191
Quantitative Analyst	99,689
Data Business Analyst	84,998
Information Security Analyst	82,089
IT Business Analyst	74,677

Top Companies For Business Analysts Jobs in Canada

Below are the top companies actively recruiting business analysts in Canada and the corresponding average annual salaries. This information can help you navigate the job market and make career decisions in the field of business analysis.

Companies	Average Annual Salary (CAD)
McKinsey & Company	100,000
TC Energy	94,496
Bell	78,293
BMO Financial Group	73,741
TD Bank	72,380
Sun Life	72,361
Scotiabank	71,421
Intact	71,125
BC Public Service	70,316

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In-Demand Skills for High Business Analyst Salary in Canada

Successful business analysts should possess a combination of technical and soft skills. This includes expertise in data analysis, proficiency in programming languages such as R and Python, and knowledge of project management methodologies. Additionally, strong communication and organizational skills are crucial for effective business analysis.

Skill Category	Skills Required
Analytical Skills	Data analysis, statistical analysis, problem-solving
Technical Skills	Data modeling, database management, SQL, Python, R
Business Knowledge	Industry-specific knowledge, market research
Communication Skills	Written and verbal communication, presentation skills
Project Management	Agile methodology, project planning, and execution
Software Proficiency	Microsoft Excel, Tableau, and data visualization tools

Below are some of the major tools that a Business Analyst should know in order to gain more knowledge and excel in their own field.

Category	Tools/Knowledge
Data Analysis	Microsoft Excel, SQL, Tableau, Power BI
Project Management	Agile Methodologies, Scrum, Kanban
Documentation	Microsoft Word, Microsoft Visio, Confluence
Business Process Modeling	BPMN (Business Process Model and Notation), UML (Unified Modeling Language)
Requirements Gathering	Use Case Diagrams, User Stories, Prototyping
Communication	Verbal and Written Communication Skills, Stakeholder Management
Domain Knowledge	Understanding of specific industries such as finance, healthcare, or technology
Analytical Skills	Critical Thinking, Problem-Solving, Data Interpretation
Software Development	Understanding of SDLC (Software Development Life Cycle)
CRM/ERP Systems	Salesforce, SAP, Microsoft Dynamics
Documentation Tools	Jira, Trello, Microsoft SharePoint
Presentation Tools	Microsoft PowerPoint, Google Slides
Data Visualization	Data interpretation, Dashboard Design
Process Improvement	Lean Six Sigma, Business Process Reengineering

What are the Eligibility Requirements to Work in Canada as a Business Analyst?

When it comes to requirements to work in Canada, technical skills and a fundamental educational background are essential for a successful business analyst. However, it's crucial to expand your skill set and achieve proficiency in areas such as communication, business knowledge, and problem identification.

Typically, a bachelor's degree in computer science, business administration, information systems, or a related field, or the completion of a college program in computer science, is necessary.
Some employers may require certification or training provided by software vendors.
Additional certifications in project management, such as PMP, as well as certifications in predictive analytics and data analytics, can be beneficial for career advancement.

Explore the Benefits of Working in Canada for Indian immigrants in 2025. Read the blog for statistical details.

How to Become a Business Analyst in Canada?

In order to become a business analyst in Canada, first you will need to follow a guide or step-by-step process to reach your goal. Below are some of the easy steps that can assure you great success in applying for and becoming a data analyst in Canada.

Step 1 - Educational Foundation

A bachelor’s degree in Business Administration, Finance, Economics, Computer Science, Information Technology, or Engineering is ideal for aspiring Business Analysts.
These fields offer foundational knowledge in business principles, analytical methods, and technical skills.

Step 2 - Acquire Relevant Skills

Business Analysts require a diverse set of skills including analytical prowess, effective communication, critical thinking, attention to detail, and the ability to work with data and software tools.
Developing these skills through coursework, projects, internships, and self-study is essential for success in the role.

Step 3 - Consider Certification

While not always mandatory, certifications such as Certified Business Analysis Professional (CBAP) or Entry Certificate in Business Analysis (ECBA) offered by organizations like the International Institute of Business Analysis (IIBA) can boost your credibility and marketability as a Business Analyst.
These certifications demonstrate your proficiency in business analysis methodologies, tools, and best practices.

Step 4 - Gain Experience

Practical experience is invaluable for aspiring Business Analysts. Seek out internships, co-op programs, or entry-level positions in areas related to business analysis, data analysis, project management, or consulting.
This hands-on experience allows you to apply theoretical knowledge in real-world scenarios, understand industry practices, and develop practical skills that employers value.

Step 5 - Network and Apply

Building a strong professional network is crucial for advancing your career as a Business Analyst. Attend industry events, seminars, workshops, and online forums to connect with professionals in the field.
Networking can provide valuable insights, job opportunities, mentorship, and access to resources that can accelerate your career growth.
Additionally, actively apply for Business Analyst positions through online job portals, professional networking platforms like LinkedIn, and company career pages.

Step 6 - Continuous Learning

The field of business analysis is dynamic, with new methodologies, tools, and technologies emerging regularly.
To stay competitive and relevant, commit to continuous learning and professional development. Stay updated with industry trends, attend workshops, seminars, and conferences, pursue further certifications, and consider advanced degrees or specialized programs in Business Analysis or related fields.
By investing in your ongoing learning and development, you enhance your skills, expand your knowledge base, and position yourself for long-term success as a Business Analyst.

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Secure Your First Business Analyst Job in Canada

A career as a business analyst in Canada offers strong job prospects, competitive salaries and opportunities for growth across various industries. With business analyst salaries in Canada, ranging from $65,000 to $100,000 annually, professionals can enjoy financial stability and carry advancement, especially in top cities like Toronto and Vancouver.

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Frequently Asked Questions

How much tax will you have to pay as a business analyst in Canada?

If you fall within the income range of $84,000 to $100,000, you can anticipate a federal tax rate of approximately 24%. With a median salary of $92,000, your expected annual take-home pay would be around $75,631, resulting in roughly $3,151 per paycheck.

What is the Average salary for a business analyst per hour in Canada?

The hourly rate is $40.66 per hour for a business analyst in Canada, However, it's important to note that actual hourly rates can vary depending on factors such as experience, and, location, while the entry-level positions may offer lower rates.

What is the cost of living for a business analyst in Canada?

In cities like Toronto or Vancouver, the average living can cost between $1,800 and $2,500 per month. However, Business analysts should budget according to their specific circumstances and location. Additionally, some employers may offer benefits like health insurance, which can help offset certain costs

What are the working hours for business analysts in Canada?

The working hours for business analysts in Canada typically range from 35 to 40 hours per week, following a standard full-time work schedule. However, variations can occur based on the specific company, project demands, and individual agreements.

Are there any potential pitfalls on a business analyst career path?

Yes, some common pitfalls that you could encounter are the following:

- Overemphasis on Technical Skills
- Lack of Specialization
- Neglecting Collaboration
- Knowing When to Involve Senior Management

What is the lowest salary for a Business Analyst in Toronto, ON, Canada?

The minimum annual salary for a Business Analyst in Toronto, ON, Canada is CA$60,193.

Which language is best for business analysts?

Python is a practical language for a business analyst due to its accessibility and versatility. Its clear syntax and structure simplify the often challenging task of data analysis, making the coding process faster and ensuring transparent and accessible analysis.

What is the future for business analysts?

In the future, business analysts will continue to have the responsibility of interpreting requirements, creating processes, and iteratively improving them. Effective communication and collaboration with both internal and external stakeholders, alongside strong descriptive and interpretive abilities, will be of growing significance.

Can a business analyst become a CEO?

While the responsibilities of a CEO are significantly more intricate than those of a business analyst, it is indeed possible for a business analyst to ascend to the role of CEO.

Is a business analyst a stable job?

In the next decade, we anticipate ongoing growth in traditional BA positions. Specifically, Financial Analyst roles are projected to increase by approximately 6%, while Budget Analyst roles are expected to experience a 5% growth, and Computer Systems Analyst roles are also forecasted to grow by around 5%.