[adossi]

2.5 seems a little excessive. By that math someone making $100,000 a year salary should be earning $150.00 per hour contract. $150.00 per hour contract at 40 hours a week is about $312,000 a year.

You're right about not being able to make a direct comparison. My understanding, and the reason I choose to work contract, is because we have OHIP, so health benefits aren't too important. I think a company pays something like ~$5,000 a year per employee to insure them. Then when you factor in bonuses (if any) the salary rate is still abysmally small compared to if I were to work contract.

I went from making $70,000 a year in Toronto, to $70 per hour. That jump for me was absolutely massive, and I essentially started making double (after taxes $70K per year became $140K per year).

Perhaps the problem is not the pay in Toronto. Perhaps the problem is with salary developer jobs in general.