Salary of Underwriter in Canada 2026

How much does a Underwriter earn?

$62,496 / Annual
Based on 249 job listings
Salaries are calculated as the average of salary ranges published in job listings. Data is aggregated monthly by job position.

Minimum: $50,148 Average salary: $62,496 Maximum: $91,056

Minimum
$50,148 Average salary
$62,496 Maximum
$91,056

$5,208 / Monthly
Based on 249 job listings
Salaries are calculated as the average of salary ranges published in job listings. Data is aggregated monthly by job position.

Minimum: $4,179 Average salary: $5,208 Maximum: $7,588

Minimum
$4,179 Average salary
$5,208 Maximum
$7,588

$174 / Daily
Based on 249 job listings
Salaries are calculated as the average of salary ranges published in job listings. Data is aggregated monthly by job position.

Minimum: $139 Average salary: $174 Maximum: $253

Minimum
$139 Average salary
$174 Maximum
$253

$33 / Hourly
Based on 249 job listings
Salaries are calculated as the average of salary ranges published in job listings. Data is aggregated monthly by job position.

Minimum: $26 Average salary: $33 Maximum: $47

Minimum
$26 Average salary
$33 Maximum
$47

Salary data updated: July 2026

Salary of Underwriter in Canada

Underwriter, Insured Underwriting

Found at: Sourcestack Canada - 3 weeks ago

Toronto, Ontario, Canada MCAN Financial Full-time

Job Summary:As an Underwriter, you’ll be responsible for underwriting, processing, and approving mortgage...
Underwriter, Underwriting Department

Found at: Whatjobs CA C2 - 1 week ago

montreal west, qc, Canada Desjardins Full-time

Underwriter – Life and Health Insurance We are seeking an underwriter to help our members and clients remain...
Underwriter, Insured Underwriting

2 weeks ago

Toronto, Ontario, Canada Mcan-Mortgage Full-time

Underwriter, Insured Underwriting – Residential LendingAs an Underwriter, you'll be responsible for underwriting,...

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Salaries in Canada {year}

All positions in Banking

Position	Average salary / Annual
Broker Consultant	$14,219	View listings
Banking Lawyer	$11,250	View listings
Derivatives	$106,020	View listings
Trade Finance	$93,600	View listings
Fixed Income	$93,036	View listings
Senior Management	$87,864	View listings
Risk Management	$86,556	View listings
Project Management	$84,360	View listings
Equity	$79,332	View listings
Corporate Business Sales	$78,756	View listings

Salary comparison

FAQ - Underwriter

The average salary for Underwriter is CAD62,496 per year in Canada. Salary estimates are based on 249 salaries shared anonymously with Trabajo.org by employees with the position of Underwriter in Canada.

The lowest salary of Underwriter per year in Canada is CAD50,148

The highest salary for Underwriter per year in Canada is CAD91,056

Data updated: July 2026

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Career guide: How to become a Underwriter
Duties, skills, education and opportunities

Methodology

Salary data is calculated from compensation ranges published in active job listings in Canada. Job postings that include salary information are analyzed to obtain minimum, average and maximum values by position. Data is updated monthly and reflects listings from the last 90 days. Sample size for this position: 249 job postings with salary.